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Shriram Shubhamanian

๐Ÿ‘ค Speaker
143 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

We started with a hypothesis of a business model where we don't have to build out a sales team.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

I mean, we have to see how far that we can carry that.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

But the latest deals we have closed have an annualized revenue of close to $75,000.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

But it was primarily closed by me and my co-founder just hustling.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

Yes, absolutely.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

It's a, it's a hybrid model moving towards pure SAS.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

So I'll explain how we work.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

Uh, there's two parts to the company.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

For a small business, let's say a retailer that has about 20 locations, when they're looking to move to the cloud, we help with migrating their data seamlessly over to the set of cloud systems that they want to move to.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

Second, once they're on a set of cloud systems, we make sure that all those systems talk to each other correctly.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

So there's two components to it.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

When we acquire customers, the cloud platform itself becomes our first customer and we help

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

then build the right set of integrations that are missing for their customers.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

So they become our first paying customer.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

So there's a build cost associated with that for the capabilities that are missing.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

Let's say a new set of accounting integrations.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

And now if a second platform comes to us and asks for the same accounting integration, it already exists.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

So there it's pure subscription.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

So those are the two components.

SaaS Interviews with CEOs, Startups, Founders
153 Brands Use Them To Report Sales Volume to Shopping Malls, $20k in MRR, $1.5m Raised

Yes.

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