Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Steve Benson

๐Ÿ‘ค Speaker
518 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

It's very hard to get loans.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

You've got to get equity capital if you have no revenue.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

I think a founder needs to start selling before you have the product.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

So before you invest in a sales team, before you hire your first salesperson, and before the product's even built, someone on the founding team, they have to have ownership, they have to have control, they have to have a seat at the table.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

needs to be out in front of customers, pushing your message.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

And, and it can be, and I'm talking about hundreds of people that you have to be, you know, who you're, you're, you think your ideal customer profile is, you've got to get out and get in front of those guys.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

And like, really, um,

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

Hey, this is the thing I'm building.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

I think I'm building it for you.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

If that's true, would you buy it for this much money?

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

And that's really important, the buy it for this much money part, because no one's ever going to tell you that your baby's ugly, right?

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

They're all going to tell you you have a beautiful baby.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

But if you ask them, hey, would you actually adopt the baby?

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

They're like, oh, no.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

It's a totally different ask.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

So I think it's really important that you're selling this stuff before the product.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

When the product comes online, you should have a whole bunch of people that you've already talked to and are all lined up saying, they've already nodded their heads and said, yeah, I would pay you and I would pay you that much money for this product if you can build it.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

You can come back and be like, hey, here it is, all built.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

And they won't all buy it, but some healthy percentage should.

SaaS Interviews with CEOs, Startups, Founders
How I hit $5m ARR, kept control using 3 different debt providers

And that's, so as soon as the thing comes online, you can basically start selling it in its most basic form.