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Sean Sankaran

๐Ÿ‘ค Speaker
147 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Come again?

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Engineers, there are...

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Eight engineers, actually.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Mostly, we have referral partners.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

They are the ones who help us continue to do the sales.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Maybe post our rise, we may try to strengthen our sales and marketing teams.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Yeah, we kind of, not affiliate, referral marketing.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

We pay 20% of the recurring revenue.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

In fact, if they bring a $6,000 deal, they get a recurring 20% commission out of it.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Yeah.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

We have close to eight partners who are active from different markets like Africa, Middle East, and the US.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

No, certainly we need to set up our own internal sales team.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

The existing market is the large players.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

This is usually traditionally called as governance risk and compliance platform.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

It's only sold for enterprises.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

They go sell for half a million dollars, a million dollars to an average client.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

So I think this new business model of selling for $25,000 or even lesser than that to an average mom and pop or a small and medium business is a new business model.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

So still, we need to set up a strong inside sales to get to $10 million in sales.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

There was a lot of learning working with government.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

In fact, we tried partnering with the regulator of India, the Reserve Bank of India.