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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

We've got Oracle.

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

We've got advanced discussions with SAP.

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

And discussions with Workday going to commence next week.

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

On the consulting side, we've got partnerships with PwC.

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

a regional Middle East focused consulting firm.

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

And we are in discussions with other firms like Aon and Mercer and Ernst & Young.

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

So our kind of traction is more in the partnership route because, you know, once you get these partners on board and they understand your value, selling to an enterprise that they are already kind of engaged with is not that difficult.

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

Yes.

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

So the subscription is basically on a per user per month kind of a value.

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

So it's a typical SaaS model.

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

But yeah, so far, our kind of lights have been on through consulting, but consulting not in any space, consulting in the space that is adjacent to our product.

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

So we do consulting in performance management and employee engagement in workforce redesign, etc.

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

Burning about 25K a month.

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

Not entirely, because this is pretty much the lowest we could have gone down to.

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

Maybe we could go down by another 3 or 4K, but that would be cutting down into the bones.

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

But what we are excited about is the fact that we've now reached a stage where the product is absolutely ready and tested and mature.

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

So we are not trying to sell a half-baked product to an enterprise.

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

And it's a different ballgame.

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

If you want to sell to SMBs, they don't ask you difficult questions.

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

They don't ask you to fill a 40-item information security checklist.