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Nicholas

๐Ÿ‘ค Speaker
1093 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

We did a deal for 20K.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

So they give us 20K to automate the deal.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

And it was like three years worth of software.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

Anyway, with 20K, we get started.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

Yes, exactly right.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

So it's a good question because you have to structure it.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

You have to be smart, right?

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

You can't do a service.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

The fee has to be a prepayment against software because otherwise they own the IP, right?

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

If you do a service business, you do develop for them and they own the IP.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

So it's very important if you ever do something like that where you ask up front somebody who needs something and build it for them that you don't structure it as a service business because you structure it either as a fee.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

Sometimes later we did acceleration fee, so product roadmap acceleration fee.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

So people give you money, it's your money, and they own nothing.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

Forrester.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

Forrester is a customer.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

They wanted us to do something.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

And they say, we'll pay you, right?

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

and said, we can't do something custom because then it belongs to them.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

So I said, okay, you pay me a product roadmap acceleration fee.

SaaS Interviews with CEOs, Startups, Founders
$20m Payday and he still controls ChiliPiper with his Wife Alina

All of the above, yeah.