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Venkat Nagaswamy

๐Ÿ‘ค Speaker
148 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

So the exact numbers, uh, we just did the math last week.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

Uh, it's like 22,000 bucks.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

So we are assuming right now that they wouldโ€”so we assume, at least from modeling looking ahead, we assume 20% per churn per year is the total number.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

We're doing slightly higher than that right now.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

So that essentially translates to four or five years ofโ€” 200, 250 grand lifetime value?

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

Exactly.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

So if you look at the projections that we've done, we're actually going to start spending a lot more on sales and marketing and actually increase the customer acquisition cost to increase the volume.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

So until now, until like February, I was the only sales guy in the company.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

We've since added a salesperson.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

We're going to add two more salespeople.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

So any salespeople listening to the call, call me.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

And so we'll be increasing our sales and marketing expense

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

almost doubling it over the next six months to a year so that we can increase the scale, right?

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

To your point, we have fewer customers with bigger dollar value.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

We want to increase that size.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

So we spent, you know, 2K on just Mariana and Mariana, just doing the ads for ourselves.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

Beyond that, we haven't done, we didn't do any other paid stuff.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

Good to great.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

I do look at Benioff and Zuckerberg.

SaaS Interviews with CEOs, Startups, Founders
773: Can $1m MRR Company Grow Into $10m Post Money Valuation?

Those are two people that I follow a lot.