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Nishith Patek

๐Ÿ‘ค Speaker
115 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

And then we kind of decided to kind of put this up together.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

We have a third member in the team, a core team, who's our CTO.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

The CTO is based in India.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

My co-founder is based in Dubai.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

I'm based in London.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

So we kind of manage.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

So I put in 260, my founder put in 50, my co-founder.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

Yeah.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

And then I've also been on a no salary structure for two and a half years now.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

Early 2020.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

March 2020 is when we had our first set of engineers, exactly three weeks before COVID.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

We actually closed the round just about two weeks ago.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

So it was an open round.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

The first angel investor was my skip level manager in my last job.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

So the CEO of the bank that I used to work in in Dubai, he was the first angel investor.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

The treasurer of the bank came in second.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

And then we had a partner in PwC who came in third.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

So we've just got three angel investors.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

I love that.

SaaS Interviews with CEOs, Startups, Founders
He pays senior engineers $30k/yr, building new Employee Engagement SaaS

It's been a kind of constant grind, basically managing a very tight cost ship.