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Shafiq Balas

๐Ÿ‘ค Speaker
154 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

We're not in that enterprise module.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

It's still SaaS, but it's between 12 and 15K.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

We launched it in 2019.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

So actually we started working on 2019 and we launched in January, 2020.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

Okay.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

Yeah, this is an interesting question.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

It is our own funding.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

So I founded Brainboard with my co-founder, Jeremy.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

So we were self-funded and we stayed like that for almost two years.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

Then when we realized that we got a lot of traction, we got paying customers, and we said, okay, now it's time to move on.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

And we raised fans last year.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

We raised more than 1.2 million USD.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

Yeah, we call it pre-seed, pre-seed round.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

So this is like to build the first team and yeah, get the first team, build a product for enterprises.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

So that's why we call it pre-seed.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

We're not seed yet.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

Yeah, this is, yeah, one of the biggest questions, you know, when you start fundraising is economics and control.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

And we, yeah, the valuation is more than 4 million.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

Pre-money.

SaaS Interviews with CEOs, Startups, Founders
How to Sell $50k Contracts on Day 1 of your Startup

Yeah, something like that.