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Vivek Bhaskaran

๐Ÿ‘ค Speaker
212 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

We didn't go out and raise money because we were super profitable from day one.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

You know, we're pretty profitable even today.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

We run at about, you know, 15 to 20% margins.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

And then back then we were, you know, back when I started the company, we were running almost at 50, 60% margins at that time.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

So the need for raise wasn't there.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

We were making money.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

And so we decided to kind of stick to our game plan and

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

And service the customer and instead of servicing the investors, we decided to service the customer.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

Yeah, we do acquisitions using that money.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

We've done a couple of acquisitions.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

The one is a company called WorkXO.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

A guy by the name of Charlie, he developed this model for employee engagement and employee culture measurement using surveys, actually, to figure out how do you define culture and how do you measure culture within an organization.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

And he currently runs our employee engagement practice altogether.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

So we acquired WorkXO about a year and change ago right now, almost 18 months ago now.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

Tech stack and people and talent.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

Charlie's an amazing guy and he's been there.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

How many people were there?

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

About three guys, pretty small company, three guys, Charlie and a couple other guys.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

A very tiny bit of revenue.

SaaS Interviews with CEOs, Startups, Founders
QuestionPro Hits $20m Revenue, $5m Cash In Bank, Selling 60% Of Company For $50m Next?

It's really talent acquisition as well as kind of access to their technology realistically.