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Richard Purcell

๐Ÿ‘ค Speaker
99 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

I mean, I think usually the co-founder title is when someone has over 10% equity.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

I have less than that.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

Yeah, so I'm confident that our total adjustable market is every single B2C organization in the United States.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

But when we think about our service obtainable market, like where we can land our first customers, we're seeing the strongest traction in mobile gaming and companies that sell a good or a service as a subscription.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

Specifically with subscription brands, when people are purchasing at a similar purchase value, it's really hard to figure out who to focus on and why.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

And these subscription brands are usually the ones that are optimizing their business on LTV today.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

And so we're seeing a lot of traction there as well.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

So we're going to be raising over seven figures in revenue.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

The exact number of that and the valuation... Sorry, what do you mean seven figures in revenue?

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

I'm sorry, seven figures in capital.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

Yes.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

It's the right amount when we think about how much runway we need to get from our seed to our A and to close enough customers and grow the team in the meantime.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

So our goal for next year is to close a total of 20 new customers.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

Yeah, that sounds about right.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

So we have about five full-time employees.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

I'm the only non-engineer on the team.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

And we are currently hiring more people for our first full-time salespeople, engineers.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

And then we're also supported by a team of contractors that help us with sales, marketing, and engineering.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

Yeah.

SaaS Interviews with CEOs, Startups, Founders
They Hit $24k MRR In 6 Months Helping Ecommerce Brands Model Customer LTV

So we're working with an outsourced SDR team as an agency.