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Steli Efti

๐Ÿ‘ค Speaker
217 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

Sure.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

Have we done any of these two things?

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

No.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

You know, the funny thing is if you don't need to sell, then you're a very attractive buy, right?

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

Or a very attractive investment.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

Oh, yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

A lot of investors are throwing themselves at us, and it's very flattering, but we are profitable.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

We have all the cash that we need, and so up until this point, it just didn't make sense.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

I think that at some point, there's a good chance that we're going to raise capital down the line, but we don't need capital right now.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

We have enough cash and capital on the side to do the things we want to do, and we like to own as much of the business as we can.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

If there's no good reason to give up a

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

in the business, so that's kind of where, what has gotten us to where we are right now.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

Yes, I have two co-founders.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

It's not drastically different.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

It was not exactly a third, but more park.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

So first of all, I'm joking.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

But in all honesty, if it's just 0.01%, if there's even just one customer canceling, it sucks.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

Every customer that we're losing is a tragedy as far as I'm concerned.

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

What if it's the wrong customer?

SaaS Interviews with CEOs, Startups, Founders
EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M

Well, that is a strategy still because why the fuck did we close them in the first place?