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Venkatesh Ganapathy

๐Ÿ‘ค Speaker
137 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

I know you love numbers and I really hate to give you this, man, but I cannot share exact revenue numbers or my burn rate.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

But what I can tell you is that we've grown from, so to give you an idea, we basically, as I said, we have about 22,000 agents right now.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

We bootstrapped up until now and we are breaking out.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

We are up to about 12 employees and we are getting ready to get to a cashflow break even in about six months time.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

It's still bootstrapped.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

No.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

So we just raised about $700,000.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

Okay.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

So because it's convertible debt, the idea is that these would mandatorily convert into equity once we do a next round financing, say at a series A level in about a year.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

So our goal is basically to get to cash flow positive and at that point of time, raise a bigger round.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

at which point these investors will all convert into equity.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

Yes, and what I'm saying is that that number would be raised combined with what we are burning today after having grown to our team size, we'll still be able to cash flow break even in this next six months.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

To give you an idea, we have access to about 120,000 customers worldwide.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

who are gonna be using this platform in the next six months.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

I hear you.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

I hear you.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

To give you an idea, we do approximately, I would say about anywhere from about $450 to $600 end user.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

So the final customer who's actually using the service and depending on what all services they use, that number is approximately $450 to about $500.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

Okay.

SaaS Interviews with CEOs, Startups, Founders
1605 How He Gets Movers, Trash Companies, Internet Providers To Pay Him Referral Fees on 13,000+ New Home Owners

Which is why we are in that position of cash flow breakeven.