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Nathan Latka

๐Ÿ‘ค Speaker
224696 total appearances

Appearances Over Time

Podcast Appearances

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?

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

Like what made you guys look at each other one morning and go, man, we are capital constrained?

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

and so all those things together kind of had us look at each other and say hey this is the moment where we know this is working we have the playbook now we need to scale and it's worth investing ahead and and then can we fast forward to today and then i want to wrap up with your take on ai and product roadmap you guys have for next year but if you were doing caught high single digit millions in 2022 let's do the worst case 5 million and you also said you 10x'd since then that would put you at about 50 million ar this year am i in the right ballpark there

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

Okay, fair.