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Neil Berman

๐Ÿ‘ค Speaker
71 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

This year it was 1.5% and our goal for next year is 1%.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

So that would be a 3.5 years or 42 months.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

I think you nailed it there.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

I just happen to know what that number is.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

We spent $1.08 this year and our goal is $1.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

So we're getting pretty close.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

So we want to get our money back first year.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

A dollar and eight cents to get $1 of ACB revenue, annual contract value.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

Yeah, that's correct.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

So there's a limit to how fast we can grow organically, because at some point when that line gets too steep, you run out of working capital.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

We have not, and we're currently debt free, but we're looking at options.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

Well, I'm not an expert at raising money because I've never done it.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

But I've been advised that your first raise should be debt because it's cheaper than equity.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

So that's the direction I'm going to take.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

Well, I think we're going to back into that number based on our growth rate.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

So, you know, we're looking at a 30% plus annual growth rate

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

And, uh, however that ends up, um, you know, our, our spreadsheet formula is going to tell us what we're short.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

I don't have that number off the top of my head.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

Well, again, we've only grown organically and I'm just sticking my toe into the water when it comes to debt and equity.

SaaS Interviews with CEOs, Startups, Founders
EP 522: Delivra $15M 2017 Goal, $700k MRR Now, Helping 450+ Customers Sell Things with CEO Neil Berman

And I've probably got a lot to learn.