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Sharam Fouladgar-Mercer

๐Ÿ‘ค Speaker
127 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

Yeah, so it's a great question.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

One of the things that we did when we were coming up with our vision initially was we were looking at challenges in a variety of different spaces.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

And PR was one of the ones that didn't have a lot of technology in the first place.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

The big challenge that entrepreneurs and CEOs would face is they couldn't find great PR people in their minds.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

And when they found them, they didn't know the effort that they were generating, how much it affected their business.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

So there's a host of challenges.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

And so the first thing we built as part of the vision was a marketplace.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

And the more and more people we talk to would say, hey, this marketplace is really interesting, but I don't always need to hire a new person.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

But what I always need is from spending any amount of money on this, I need a way to figure out what's working, what's not, so I could be more effective.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

And so when we built the second part of the model, the analytics piece, we realized there was a huge opportunity there.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

And so it was actually all the way back to when we raised our seed round.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

I ended up raising it off of showing them a PowerPoint deck, showing them the working product in the marketplace.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

But I actually drew up on a whiteboard how we were going to measure the impact of PR and said, if you're going to invest in the company, bet that we're going to be doing and building this product.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

And this is what's going to be the focus of why we're raising capital and not the marketplace.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

It was just a tough decision to sell the marketplace in 2015 because it was doing really well in scaling and generating revenue.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

And the analytics product was so new still.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

It wasn't pre-revenue, but it was pretty close.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

It wasn't pre-revenue, but it was pretty close to it.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

Yeah, it was not big.

SaaS Interviews with CEOs, Startups, Founders
1064 AirPR Says "Growing Fast" but won't share revenue #'s, are they?

Let's put it that way.