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Nathan Berry

๐Ÿ‘ค Speaker
1489 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

So just crazy growth.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We had no money in the bank.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We were thinking, should we raise money?

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

I think we were spending 80 grand a month and we had like 15 grand of cash in the bank, but we were making net burn.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

So gross where, you know, we were still profitable and like the dollar amounts were going up.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

The bank balance is getting bigger, but at the same time, your day's worth of expenses is going down.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Because $15,000 in the bank, when you have $5,000 of MRR and $5,000 of expenses, that's fine.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

But when you have $100,000, it's not cool anymore.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Yeah.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

So that's where we were.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We had basically, we wanted to get the team together because we had, I don't know, 13, 14 people on the team at the time.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And we thought, okay, but we just can't afford it.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And so we cut expenses, doubled down, or we didn't cut expenses.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We basically locked expenses and then grew our way out of it.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And we grew our way from like barely break even to

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

to five months later, we had 60%, sorry, 50% profit margins, three months of expenses in the bank.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And we did a team retreat to celebrate.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And so that was like the big high in entrepreneurship.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And the whole team flies into Boise.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We have like, everyone's showing up for this team retreat and we get a denial of service attack.