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Travis Tillotson

๐Ÿ‘ค Speaker
161 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

So it depends on if we're willing to sell independently one of the components or if we require two to be purchased to engage.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

And that's the decision we're making of kind of the, you know, leadership and such, because do we really want to have all of the onboarding?

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

We want to take on those costs and sort of those costs of integration for just a one step or one tier to be able to pay.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

That's something that's currently being actively discussed and engaged.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

Yes.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

So ultimately, I want to... So the market's just sitting there for the taking.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

And one thing that I will say is that if we're always raising capital, it is a big distraction.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

And doing a safe allows us to hire the right team and attack the market and get market share in a very position of comfort.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

Right now, I would say our customers aren't getting the enough...

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

we're not collecting enough feedback from our customers to make the true blue product decisions we need to be making, that we need to be hearing, we need to be listening to, because we don't even have real, you know, a ton of managers.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

We don't even have managers like full-time managing these customers.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

The right amount is small.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

So we are talking like very low, like million, million bucks, 1.5.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

I would say we basically are using two-component ValCap and discounts.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

So eight and then the discount rate that we're providing and are offering in its current form.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

So, you know, it's reasonable because then we feel that no matter what, the investors are really aligned.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

No, no, 8 million.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

Relatively standard, you know, it also allows us the flexibility of not having common and preferred, which is something that, you know, we haven't done in the past.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

That is something that's highly relevant to me.

SaaS Interviews with CEOs, Startups, Founders
SunRoof Helps Banks Manage Loans, Founder Owns 100%, Invested $250k

It's like nice to have everybody be fully aligned and not have some people have interest that may not necessarily align because my interest is always aligned with just making the company the most valuable as possible.