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Ray Reich

๐Ÿ‘ค Speaker
103 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

They came to us.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

We conducted the research.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

We had about 1,700 companies participate.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

And now you can see the state of AI adoption for software developers on the BITO dot A-I site using the benchmark platform.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

Beto's had over 150,000 people use their software over the last two and a half years on a product-led growth freemium model.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

They went out to everyone who's used their software and asked them to participate in the research.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

Exactly.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

And you'll see that on other sites like Maxio, where we conducted a benchmarking research program on the adoption of usage-based pricing.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

We can tell you how many companies are using usage-based pricing, how that impacts growth rate, sales and marketing as a percentage of revenue, et cetera, Nathan.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

In 2023, we had 21 partners who paid for a report.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

For the actual benchmarking, it was just south of $1 million.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

So if you do the math real quick, you're going to see it was about $44,000 per.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

And then the rest of our revenue were from sponsorships of our events and media assets.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

Can I ask how much that was?

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

It was right about the same amount.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

So if you add those together, we're just south of $2 million, Nathan.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

Zero.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

Well, full-time.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

I have no W2 employees.

SaaS Interviews with CEOs, Startups, Founders
How this 1 person team did $2m in Revenue Last Year

I have three partners who have dedicated the last three years of their life to helping me build this business.