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Patrick Shaw

๐Ÿ‘ค Speaker
464 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

You know, we have a few different models.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

It's, um, you know, ultimately it's going to range, you know, we're dealing with a lot of big companies.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

So, so our largest is about 16,000 users, you know, and they're paying a few dollars a user.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

Right.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

And if it's a small company, um, of 10 employees and it's a business that might pay around 300 bucks a month.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

I know you have outliers, but small company with 15 employees.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

Um, we were, we were locked in with one company.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

So we started selling about seven months ago and we've been in existence almost three years.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

Well, we had one company that was footing the bill.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

I was independent with this insurance group, so I used it myself.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

And then the company came to me and basically said, hey, we'd like to buy the intellectual rights.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

I said, no, you know, I'm not into that, but I'll consult you and you can build it.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

And I wanted them to succeed.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

I wanted them, you know, because honestly, I mean, I've always been an entrepreneur.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

This was a big project.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

And I thought, well, you got the money, you got the means, you do it.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

And they spent close to a million dollars and it was an utter disaster.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

And so then I went back to the drawing board, you know, and I'm like, well, this is bigger than I thought.

SaaS Interviews with CEOs, Startups, Founders
1250 Incentive Every Employee to Sell Using This Tool, $80k in MRR

We had one round of private equity.