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Naeem Zafar

๐Ÿ‘ค Speaker
231 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So balls and spears and also those, what we call the buffalo for the silo product.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So I think vast majority of these people, initially, we were surprised

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

focusing on small growers and farmers.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So they were buying one to 10 unit.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Unit could be a ball or a spear.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Now we're focusing on grain majors.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So each customer may buy something between 40 and 100 units.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So going after the much larger customers, because we found out the sales cycle is about the same, might as well focus on the large enterprise customers.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

But some are, you know, 5,800, some are one or two.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So yeah.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Because we want to get the product perfected to a point that you can press a button and order 10,000 or 5,000 or 1,000.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

This year, we plan to achieve.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

We are working with contract manufacturers.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Until then, we were assembling the product.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

We were babysitting the product.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

But this year, we are slowly transitioning to contract manufacturing.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

When that happens...

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

And the costs are much more predictable and under control.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

We will do exactly what you said.