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Nathan Latka

๐Ÿ‘ค Speaker
223769 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Now, how did you get into this space?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Were you running a retail chain, a grocery store before?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

It seemed like an easy way to make some money.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

So what year did you write the first line of code for Ant?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Okay, so you get going in 1993.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Now, was it software as a service back then?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

That would have been very early for SaaS.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

And so Dimitri, what does a company like Pumi, don't tell them specifically, but on average, what's the customer paying you per month or per year to use your technology?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Okay, that makes that makes sense.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

So if I'm paying you $36,000 per year, so 3000 a month, plus then a 30k setup fee on top of that, how do you price that?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Is it based off number of SKUs number of inventory calls API calls?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

How do you price?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

So how many seats am I probably paying for if I'm paying you $36,000 a year?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

And it sounds like you went from services and consulting to more pure SaaS about three, four years ago in 2019, 2020 timeframe.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Fast forward to today, how many customers do you have on your SaaS platform?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Those are 80 paying eight zero paying enterprise customers.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Oh, wow.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

Well, congratulations.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

I mean, if I'm doing my math right, 80 customers times 3000 a month, what are you doing?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

240,000 bucks a month in revenue.