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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

We, that was a year of just low hanging fruit.

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

I'm sorry, 2018 was a year of low hanging fruit.

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

And so we kind of made the early entrepreneur mistake of thinking that we could just do it again last year, which is not the case without a formalized expert in that role.

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

So with some very bad salesmanship, we did close sometimes four accounts a month.

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

I'm talking annual recurring revenue.

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

30 grand.

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

So basically three deals a month is your quota right now.

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

Uh, we burned, I think 115 last year.

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

It's about like eight to eight to 11 grand.

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

Well, it's basically, um, an entrepreneur's dream where, um,

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

to us and whenever I go ask for the money it has to be for very very specific reasons with specific reasons and he's not in a rush to get paid back but the I have we have a plan for profitability and that's basically how we've had to operate from day one is like hey how does this operate against our plan for profitability does he charge you an interest rate no so just free money free money so we all need rich dad's

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

Yes.

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

High levels of trust and accountability when, when you're spending the money.

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

Gross revenue churn, um, is like, as far as our gross revenue retention is,

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

I think it's like 90%.

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

You take last, so like last January and cap the MRR per account.

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

And so they can only go below that.

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

So that's as far as gross revenue retention, I think it's 90% right now.