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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

Actual, I guess not familiar with that term.

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

I'd say companies that have churned out.

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

Okay.

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

What category did that fall into?

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

Oh, okay.

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

This is a revenue churn.

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

We don't have any annual size subscription.

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

Every subscription is monthly.

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

So all of our revenue is being recognized on a cashflow basis.

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

We did that for several reasons.

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

So our churn is really due to companies that are bowing out or that have gone down into their slow period and they leave for three, four months and then come back.

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

So a lot of it is basically, um, honestly driven by the origins of wedding industry marketing one-on-one.

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

It's word of mouth.

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

The site itself is very viral in nature.

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

If you look at the story views of what you're looking at right now, the inspirations, let's say you click on a story, you'll see that the other participants are

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

in that event were listed on there.

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

So every time we publish a story, they get notified, they've been published on Iowa Planner, and therefore they get to experience and discover the brand.

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

That's one aspect of it.

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

Conversely, our platform is very collaborative.

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

So anytime you're planning an event, on average, there's between 10 and 12 other vendors that go into an event planning cycle.