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Nathan Latka

πŸ‘€ Speaker
227399 total appearances
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Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

When did you bootstrap up to?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Like when did you raise your first external capital?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Based off homes or revenue?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Let me try and unpack a little bit of that in case someone else is listening in there, your version of 2018, thinking, man, maybe in three or four years I want to go this sort of minority route.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

2017, you had a couple customers.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Are you comfortable sharing sort of first year where you two are working together, 2018?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

What was total revenue that year?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Okay, and then do you remember the year you passed your first million?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

That's obviously a great story.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Were most of those earlier customers, the reason you could close those enterprise accounts early on was because Dave came from the industry so he had connections there?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Or was it you cold calling, knocking on doors, hustling?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

And then before we get into the external capital story, I want to give you guys a complete credit for what you bootstrapped to.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Are you comfortable sharing what you bootstrapped to in terms of revenue before you took out external capital in 2022?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Okay, so between 5 and 10 million.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Sure.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Okay, very cool.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

So at that point, you said you knew you were capital constrained at that point.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Why?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Did you know you could spend money on ads and you didn't have profits through that?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping to $50M ARR in Vertical SaaS | Vantaca's HOA Software Playbook

Or you wanted to go buy a company?