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Richard White

πŸ‘€ Speaker
269 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

I'm a big fan of kind of like attacking metrics in order of risk.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

But then a lot of people like they launch and they're trying to monetize and get acquisition and prove retention.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And I'm a big fan of like, okay, let's take those five kind of metrics and take them one at a time.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And so we first focused on free user retention.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

Once we feel like we had that, then we focused on onboarding activation.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

Then we focused on...

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

Then we focused on referral.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And the last thing we're going to focus on monetization.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

But I think to answer the superior question, you know, we spent probably the first year, me just hustling, trying to get people to use the product.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And I was like, going to make, you know, because it's something that's, there's so many different failure modes for this thing, right?

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

It's an undocumented API.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

It's joining meetings.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

It's building spots.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And so I remember I would kind of like every week get 30 people to like volunteer to try my product and

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And, you know, I'd handhold them through the setup process and then see if they stuck with it.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And I think we went through about, you know, 800 people before we got to a cohort where I put 50 people in it and I got 30 people, you know, three weeks later.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

Launch was almost exactly a year after the first line of code.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

So it was August of 2021.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And we managed to Zoom launch a marketplace and we were one of their launch partners.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

We were one of like 50 apps that launched on that marketplace.