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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

In fact, we got one check even in 2019.

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

Yeah, we did our own convertible note, not on safe, but the traditional convertible note.

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

No, it's the former.

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

You have to update your cap and discount accordingly.

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, that's not fair to the early guy, right?

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

Who came in.

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

So every time you reach a new milestone, you assess what it realistically is worth.

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

And then obviously talk to the new guys and then get an okay from your existing folks as well.

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

So we have in India, we have a team of 11 people full time.

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

And we have a few developers working out of two in New Zealand, one in Hungary, and a good advisory team based in the Middle East, and a couple of guys in California.

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

Yeah, total is full time is 11.

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

Yep.

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

Nine is engineering, design, QA, all combined.

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

Yep.

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

Actually, a price point is not necessarily too cheap.

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

But 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

Yeah, founder, we have one more guy who rotates.