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Sam Saltis

๐Ÿ‘ค Speaker
149 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

Right, over 5 mil.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

And within that, we had, you know, a reasonable clientele.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

But Australia is a tough market in terms of pricing.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

It's quite interesting.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

Yeah, so...

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

The product that was actually built over the years inside of our company.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

So we used it to bring on our service clients.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

And so one day I woke up and thought, hold on, we have a product here that could live on its own.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

And all the way through, I bootstrapped it on the cash of the company.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

And I actually launched it here, bootstrapped with my own cash, and I'm still funding it.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

So what we've done in the year, we've put on about 25 customers here, which is off a zero base with very few, with zero sales team, very limited marketing.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

We're at 40 people now, total, spread around the world.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

So we have an engineering team in Australia.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

We have six people now here in terms of sales, marketing, and client success.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

And we have some strange ones in terms of London.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

We have our content marketing team there and our advanced R&D team are in Germany, which is kind of interesting.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

Yeah, we're over that.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

We're actually close to 200 grand a month in MRI.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

And the reason for that is that the clients here are paying us at least two to three times what we used to pay in Australia.

SaaS Interviews with CEOs, Startups, Founders
978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping

Yeah, that's right.