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Peter Mercurt

๐Ÿ‘ค Speaker
118 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

I think some people go on summer holidays.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

So effectively, we reached it earlier.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

So we had a performance condition, I think, set to the end of April, and we met it already in the beginning of March.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

Well, let me think about it again.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

Was it something above $20,000 or so?

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

It's tricky.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

Depends on the situation.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

To be honest, in the end of last year, it was very tough.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

It was COVID.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

We were happy having someone who was still open to finance because we were just in the need of it in the end of the day.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

So how we are not getting diluted, I mean, to some extent, you have to do it.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

We are now looking into alternative possibilities of cash.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

So for example, revenue-based financing, that's a good alternative.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

We are 24.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

24.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

Um...

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

I think it's basically nothing.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

I think we have lost two clients or so.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

So not 2% is like less than that, but a tiny bit.

SaaS Interviews with CEOs, Startups, Founders
Fashion Brand Supply Chain Management SaaS hits $600k ARR, $6m Valuation

But one has also to mention most contracts are 12 months.