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Pratyush Rai

๐Ÿ‘ค Speaker
116 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

So a design partner is a partner for us, which helps us build a better product.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

And we are sort of customizing our way.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

Sorry, I think I should just clarify.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

It is $5, so it's $100 per month revenue.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

And how much we spend building our MVP?

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

I think if I'm getting the number correctly, we spend somewhere about $15,000 to $20,000 in the last three to four odd months on our product part.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

On our company expenses, there have been some fixed expenses like laptops and all, but otherwise we spend a very, very small amount of money building our MVP.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

We raised some money from one PC fund in India and some angel investors.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

And how much did you raise?

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

We ended up raising to the north of $900,000, somewhere to the north of that.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

So we started off doing our early work as a bootstrap company, but then we realized that there are certain very good investors in our market who are very aligned with us.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

with this vision.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

And what we wanted to do was we wanted to experiment on certain aspects of our product in a much more robust way.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

So we thought that some capital in the bank can actually help us have that peace of mind of putting in those experimentations.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

And that has actually turned out very well.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

Our fourth MVP was Google Sheet Integration.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

Right now, our MVP is pretty well designed in terms of our UI, UX, and that expense we could not have made as a bootstart company because our savings together would have not... How much equity did you have to sell for the $900K?

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

I don't think... I think the final equity was somewhere between 13% or 14% odd, I think.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

Yeah.

SaaS Interviews with CEOs, Startups, Founders
He spent $15k on MVP now has first $1200 in ARR helping Engineering Teams Measure Output and Efficiency

One, one, four, not four.