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Reno Dagon-Frivilli

๐Ÿ‘ค Speaker
145 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

So when did you stop that?

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

We stopped that almost immediately when we launched Dewar.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

I mean, it took us about six months to phase this out.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

So I would say mid-2017, we stopped completely.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

It was probably around maybe $1.5 million, something like that.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

Yeah, I mean, it was really a phasing out.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

We did not completely stop.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

A lot of the customers that were acquired, they were on-prem basis and customized.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

So the move to a complete cloud SaaS solution was fairly smooth.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

So we didn't lose too much of revenue.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

What did change, though, is we started to acquire a lot of SMBs because of the SaaS model.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

very appealing to the SMB business.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

And later on, we were able to move the bigger customers.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

So we had a mix of SMBs, mid-market, enterprise companies, and it took us about six months to transfer everyone on the same platform.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

Oh, that's a nice question.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

I would say probably 600K.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

Oh, wow.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

Okay.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

Yeah, yeah.

SaaS Interviews with CEOs, Startups, Founders
Genius Founder Hits $10m Revenue With Just $3.2m Raised

Yeah, we've got on one single platform the biggest customers we've got.