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Rob Faro

๐Ÿ‘ค Speaker
213 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

Yeah, let's see what we can do here.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

Hopefully give you something entertaining and enlightening.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

So we're a platform as a service.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

First of all, we're targeting wedding and event industry.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

We've been at it for about four plus years.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

We saw a large demand in that space to basically upgrade the technology platforms that were currently available.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

It was largely an antiquated and ignored field, but it makes up

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

an incredible $100 billion worth of annual sales in the US and about $330 billion globally.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

And a majority of our team, including my co-founder, came from the wedding industry, so it was something we knew very well and we were very intimate with and we wanted to make a change and make a difference.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

It's SaaS, it's a monthly subscription fee based on the volume of weddings you plan on the platform.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

We are, we target the back office.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

So we're basically a hybrid between the Microsoft office slash QuickBooks of the wedding industry.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

Average is about $40 a month right now.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

And that provides you a laundry list of services, a very impressive list.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

I'll say we provide our marketing solutions in the way of a front end marketplace listing.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

And the mid side of it, we do a CRM lead generation tool set, which includes everything from payment processing, electronic signatures, lead intake, lead management, communication.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

We actually create a way for you to embed a snippet of code in any type of marketing platform you're currently working with that if they fill out their information, it comes directly into our platform and allows them to process that communication with that potential lead and convert that lead into a client.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

We just help them manage.

SaaS Interviews with CEOs, Startups, Founders
1606 The Right Way To Use Venture Debt to Hit $320k in MRR

We don't want to charge them any more than we have to.

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