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Ryan Gottfried

๐Ÿ‘ค Speaker
105 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

you know, individuals on the phones or on the computers taking those service requests and moving them downstream to those subcontractors.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

We keep to Brightview and automated the majority of those processes.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

How many of those companies are paying you today?

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Sure.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

It's $33,000 for the subscription for the year.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

I mean, it's a one time fee and then we charge per transaction.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

We take a half a percent per transaction that goes through the platform.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

It's the annual subscription fee, yeah.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

So since it's an end to end automation solution,

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

we're actually capturing and sending the invoices from Brightview to Chase Bank.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Once the invoice is received by Chase Bank, they can mobile device the payment processes through our platform and we take a transaction fee for that.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Additionally, there's another transaction that happens between Brightview and their subcontractors.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

The subcontractors will send an invoice that's automatically generated upon work complete.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

and right you will pay out their subcontractors and take we'll take a percentage and give me give me a bit about that gmv history so if you look back in 2017 how much total volume went to the platform sure yeah in 2017 we did 300 000 roughly not bad for your first year yeah not bad and um then 2018 sorry 2018 let me just

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

So 2020, one six, 2019 was around 700,000.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

2018 was roughly 300,000.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

And then 2017 was around 150,000.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

150,000.

SaaS Interviews with CEOs, Startups, Founders
Niche $2m Contractor Management SaaS Raising $7m on $30m Pre

Early on the first year, we did not.