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Olin Hyde

๐Ÿ‘ค Speaker
170 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

We really want to build.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

Our target is 75%.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

We're below that now.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

We have not yet optimized for margins.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

We are optimized for growth right now.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

No, it's because we're 10 months in and we haven't built everything yet.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

Well, some of that processing stuff we're doing manually.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

We're talking the same language.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

It's just that we're new.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

We've not optimized everything.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

There's areas where people are touching that we can automate later.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

We just haven't gotten to it yet.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

Well, so the key measurement for us is what you'd consider to be a cost of customer acquisition payback period.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

And that right now is around 2.1 months.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

Yeah.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

A little bit less than that, but yeah.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

From a cash perspective?

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

The SaaS product, they do pay upfront.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

Yeah, that's the first order is 20K.

SaaS Interviews with CEOs, Startups, Founders
799: SaaS: How He Grew To $200k MRR, $2m Raised at $7m Cap

And then, of course, they come back over and over again.