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Soumya Murthy

๐Ÿ‘ค Speaker
253 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And then, of course, we all got hit with that 2020.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And for us, it was negative $20 barrel of oil.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And so we got hit again and needed to retrench.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

This was survival.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So if y'all are into what that piece is going to be around, I'll talk a little bit about context switching and what we did there.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And also, there's a whole bunch of unpaid emotional labor that happens during survival.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So I'm going to talk a wee bit about what we did in addition to managing numbers on human beings.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And finally, the myth.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

We were really focused on busting the myth that it's lonely at the top.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Because that really doesn't work in a startup environment.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So I'm going to talk a bit about those.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Just as I said in those pivot points from a revenue perspective, the first people pivot was around really when we hit the ground running product market fit.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

The second one's going to come around the $4.99 million number.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And the third pivot's going to come around when we were doing our survival mode and we were acquired in May 2022.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So, setting the footprint, pivoting into 2016.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

This was, like I said, a solid $15 million revenue services company.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Awesome founder, awesome company.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

We were in the product stage of, of course I'm going to say that, product market fit.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And the critical expertise this company already had from a functional perspective was oil and gas.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Badass oil and gas exploration and production.