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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

Obviously, it wasn't the best time to raise money.

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

It wasn't the best time to sell because we lost like three or four quarters to COVID.

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

So when you lose 50% of your total time to factors completely outside your control, it's a very different ballgame.

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

2.6%.

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

2.6%.

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

10 million valuation.

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

Free money.

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

So all put together.

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

So we have consulting and we have subscription.

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

So obviously we've got two components and initially it's difficult to kind of ramp up subscription that quickly.

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

So subscription is fairly small.

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

We're talking about without any enterprise customer, we're talking about 15K ARR, but with consulting, we've managed an average revenue of about 15K per month.

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

14 plus one, let's put it that way.

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

You know, we've done everything a bootstrap founder has to do in order to keep the lights on.

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

See, the kind of traction is not so much in terms of existing revenue.

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

The traction is in terms of the partnerships we are trying to build.

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

So our business model is a little bit different.

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

We are not another HR tech startup trying to sell to SMBs.

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

We are looking to sell to the enterprise space, and we are trying to do it through our partner network.

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

So in terms of the partner network, we've got Microsoft.