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Tom Erick von Krog-Martensen

๐Ÿ‘ค Speaker
87 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

Yeah, that's great.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

Uh, so we have a cash reserve, uh, with, uh, with the bank.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

So, uh, we have, uh, quite a few months, uh, left, uh, to live and we have, uh, a bridge fan, uh, financial round, uh, going on with the investors that we have on board.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

But the big problem is if the clients that we have on subscription stop paying because they don't have money.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

So that is where the uncertainty is, but otherwise we are financed until we are going break even.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

But the crisis right now, of course, can be changing thing.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

Yeah, we have about three hundred.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

We have about three hundred K. So three hundred thousand dollars as a cash reserve in the bank.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

No, not yet.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

We haven't seen that, actually.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

We have signed clients after the crisis started.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

Even yesterday, a new client signed up.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

So we actually have a tool that can help them in the crisis because they're not allowed to meet in big rooms.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

They're not allowed to do construction meetings.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

They're not allowed to do group inspections on site together.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

So what we allow them to do is actually use our tool to do the inspections and then delegate the tasks and follow up without actually meeting face to face.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

So you can

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

You can actually run and control your project without being face-to-face.

SaaS Interviews with CEOs, Startups, Founders
1739 Construction SaaS VIRUS Plan: $84k MRR, $300k Cash, -$25k Monthly Burn

So there are four developers and two on customer success who are also doing...