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Reuno Segur

๐Ÿ‘ค Speaker
154 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

That's an insurance company.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

But in the rental market, the market need is totally different.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

You have companies who need to inspect a thousand cars per day, not per month.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

So that's why we need to build the next layer of the technology and make it reliable, precise, and fast.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

Obviously, I'm not the only one.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

So we have three co-founders and we really have experience in tech before.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

Estonia is the, we say the land of unicorns because we have the most unicorns per capita in the world.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

So we did it before in the banking industry, in the governmental industry, and also last-minute technologies.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

So I was in sales.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

Kenty, the CTO, he built the product and also the CPO was a sort of analyst.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

There are two ways to do that.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

Yes, one is equally, but we did it the other way around.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

I can't disclose the exact equity amounts, but we had to really dive deeper what is the role of each person and also how much it's worth given the... Give me an example.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

Well...

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

We analyzed the job description and the CEO really has to overlook everything in the company, including the product area, the development area, and also the sales and business development, plus fundraising.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

So, yeah, there really are two schools of thought here.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

And I recommend to have those tough discussions right in the beginning.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

And there were several because obviously it needs to be well thought through and argumented.

SaaS Interviews with CEOs, Startups, Founders
Pay per car scan model generates $30k MRR helping Insurers decrease fraud

We have raised to date 1.2 million euros, which is like 1.4 million in the US dollars.