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Tom Gibby

๐Ÿ‘ค Speaker
142 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

We were using our messenger business to fund our internal enterprise business.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

We were doing a lot more service work.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

As you can imagine, there were companies or ad agencies who would have budget to do some digital activation

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

Quite often, these would be like short-term campaigns as well, so it might only be like a three-month or a six-month campaign.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

The way we work now with customers is, once we're a part of their tech stack, they don't leave.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

Oh, no, I can't remember the exact numbers.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

But I mean, a lot.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

Yeah, it was a lot more heavily skewed to service revenue versus license.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

It's probably closer to 100 grand than 500 grand back then.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

Uh, pretty much all of it.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

I mean, as I said, we, we haven't taken any, what was that?

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

Sorry.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

No, no, no.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

So there's myself and then I have a number of other co-founders as well.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

So there's myself and there's three other co-founders.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

Um, all of our employees have some equity as well.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

Um, but yeah, we, we haven't, you know, given a huge portion of equity away to, to any investors.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

No, no, we've given less than that.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

There's been, at the moment, there's a load of like unassigned equity that we were going to use for future employees or if we did want to raise, but that's currently just set there as unassigned.

SaaS Interviews with CEOs, Startups, Founders
Bot Building SaaS Hits $1.2m ARR With Just $300k Raised

So in theory, that would be split between, you know, however we want to split that.