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Pablo Fuentes

๐Ÿ‘ค Speaker
207 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

No, we've raised money in a very inelegant manner.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

We've raised a little bit over five and a half million dollars in six different chunks over the years.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

And we never had the we were never able to raise the big round, but now we're profitable and growing and we don't have intentions to raise.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

We're funded on growth right now and we're excited about that.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

We started convertible, went price and did a convertible.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

Yeah, it was cash we needed to get to profitability.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

And we initially thought that we're going to be raising a bigger round.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

But then about mid that last year, my business partner and I saw the cash crunch that was going to come on the financing environment tightening up.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

And we decided that it would be smarter for us to drive to profitability.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

And we did that.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

Well, I'd rather not go into the specific numbers of that, but we're profitable and growing and generating cash.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

I mean, we make about 50% margins total, and then obviously we have to cover expenses.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

I mean, it's a highly leverageable business model because of what we do.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

But yeah, we have 10 employees and we're generating cash when we're growing.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

Driving organic traffic.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

So we have a very successful blog that's grown tremendously.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

We have 10x growth in our blog from January to August.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

If you do searches for terms like job boards, job descriptions, HR blogs, how to post to Craigslist, we're above the fold in the first page of Google and all of those.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

We have a large number of terms that are doing very well.

SaaS Interviews with CEOs, Startups, Founders
EP 426: 1500 Customers and Profitable, $5.5M Raised with Pablo Fuentes of Proven.com

So that's really what drives our business.