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Nathan Latka

๐Ÿ‘ค Speaker
223769 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

What year was that?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

When did you write the first line of code?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

2019.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Okay, so you're helping managers build their best teams, recruit them, retain them, keep them engaged, help them learn faster, correct?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

How valuable is your system to them measured by what they pay you?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

What's the average customer paying you per month?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Are you pre-revenue today or do you have any beta accounts paying?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Well, Steve, so what are they paying?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

You're testing.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

This is a beautiful moment at a company, right?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

How many employees do these first three paying customers have?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Do they pay for their whole 50 seats at once or do they just start with a small group?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

But right now, 74 seats across three accounts at $8 a seat would mean you're doing about $592 per month on average.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

And you're doing total right now something like $1,700 per month in revenue.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Okay, now I have a question though.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

You've gotten through the hard years, which are like the pre-revenue years.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

How do you support yourself from 2019 to today, your first hours of revenue?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

How much in convertible notes did you raise?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

How much equity did you give him for that investment?

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

What's the cap?