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Phil Liu

๐Ÿ‘ค Speaker
320 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

What's your term look like?

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

You can help me here.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

I don't know if we have a good one.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

I think it's like, if I look at Stripe, because I don't know, like the Stripe dashboard, it's around like, it depends.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

Virus visits between 3% to 4% per month for Stripe dashboard.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

So is it per month or per year?

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

Okay, so you're not sure if your churn is 3% a month or 36% for the year.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

Exactly.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

Like I said, we do not focus on any of those things.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

We only focus on customer support.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

Yeah, but the lagging indicator of great customer support and customer love is do they stick with you?

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

So you can still focus on customers loving you and the way you measure that as an MPS for our churn, right?

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

How do you measure if you're doing a good job there?

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

We don't look at data.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

Actually, that's the simple, strangest answer I can, like, honest answer.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

It's like we don't really look at data.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

It's just the feeling of our customer.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

And I know churn is low.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

And look, when you're a company like us, the product is email.

SaaS Interviews with CEOs, Startups, Founders
How To Bootstrap to $1m with VC Funded Competitors With Just 4 People

Everyone can use email.