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Nathan Berry

๐Ÿ‘ค Speaker
1489 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

In our case, let's say GMV.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

We want the most dollars sold.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

But if you optimize only for that metric, then you might do things that is for short-term gain, but not the long-term.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Like we could say like, okay, we're trying to get to 10 million in GMV in X amount of time.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Then if I just go out and get a single client that sells a million dollars a month, like done.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Like, you know, we're set.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

But that isn't success for the platform.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And so then you can go to the other extreme and say like, oh, I'm going to help X number of creators earn their first dollar.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And that's all well and good, but everybody follows the big names.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So if you don't have any of the big names, like it's way harder to get those.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And so what I look for is the key metric, which is GMV and then the counterbalancing metric.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And so in this case, we're looking to drive the most GMV.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

That's the main thing.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Small creators, big creators all contribute to that, but obviously the big creators drive far more.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And then I have a counterbalancing metric of I want X number of creators to have earned at least a dollar on the platform.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So that says I'm going after this big number, but I also have to include all the small creators because two years from now, three years from now, they are the big creators.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So that way I'm not trading short-term success for long-term results.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Because five years from now, if I get tens of thousands of the small creators, then I'm for sure going to have, they'll be the big creators five years from now.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Yeah, so it's still relatively early.