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Sam Knight

๐Ÿ‘ค Speaker
89 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

So, um,

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

That's a good question.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

I honestly don't know what their spin was before we started the actual company.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

Yeah.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

That's basically how it is, is, um, we kind of have a, a soft line of credit with them, uh, where we get to spend money, but only if it's for a really dang good reason.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

Um,

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

So it's forced us to be really careful with our cash flow.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

But the good news, we haven't really invested much into it since then when you compare it to other companies.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

Josh and his dad are on the cap table of the new software company.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

No, and his previous construction company has grown by massive amounts because of the software.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

So he's definitely seen his reward.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

Yeah, no, they have they have.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

bootstrapped okay great okay so bootstrapped and and um walk me through how you're pricing this thing so on average what are these folks paying you to use the tech yeah so we have a huge variety in our customer base up to a user with i think 600 plus users our smallest user i think has two so we really start at about a minimum about 500 a month regardless of if you want to use all five users so

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

You know, we kind of start at like a $100 a month for five users minimum, and then we'll tear down.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

And we don't really, we haven't really formalized like, hey, here's our publicly available enterprise level pricing.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

But we're pretty open about it during the sales process, as long as we have a good buyer on the line, as far as, hey, we have a teared down approach starting at about five users.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

50 customers.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

Revenue, we finished up the year at $724,000.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

$724,000, and we brought in that revenue.

SaaS Interviews with CEOs, Startups, Founders
RunBolt.com: $800k Revenue, Construction Scheduling Tool

So our recurring revenue at the end of the year was probably like $750,000.