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Phil Alexander

๐Ÿ‘ค Speaker
132 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

They typically come from marketing teams.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Usually we sell into director level and higher on those marketing teams.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

So a lot of directors and marketing, sometimes CMOs.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

So the company actually started as kind of like a side project of mine back in...

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

at the end of 2012.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

So we started as just an overnight design service for PowerPoint, and we really kind of broadened our scope and our offering over the last couple of years, launching our marketplace in 2015.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

I mean, it was basically nothing.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Yeah, I was just like a couple of thousand dollars.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

You know, it started with me kind of acting as the middleman on every single project, which obviously there's some big limitations to scaling there.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Well, I can tell you that we worked with over 300 companies and in one calendar year, we 8X'd our monthly revenue.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

We went from two employees to eight full-time employees.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

And in the process, we recently closed out a $1.1 million venture round as well.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

That was a, it was a, no, it was a price round.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

We did do a convertible note.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

We had raised about a quarter million dollars on a convertible note prior to that round.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Yeah, I would rather not disclose the exact valuation, but I think it came in at a price we're pretty happy with.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

Yeah, I think the growth rate was the biggest piece of it.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

I mean, obviously you can look at the existing market for, you know, series seed rounds and try to use something that kind of looks at the other businesses and where they're at.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

But for us, it was mostly built off of growth and kind of where we had gone.

SaaS Interviews with CEOs, Startups, Founders
EP 389: ConceptDrop Raises $1.1M, Helps You Get Creative Work Done Quick with Phil Alexander EP389

I developed a relationship with our lead investor over a year.