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Vlad Malanin

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
201 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

A little bit different.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

So we in 2023, we were around 1.5 mil or something like this, because we started the sales somewhere late 2021, early 2022, right before the war started in Ukraine.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

So we technically had some sales in 2021.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

Interesting.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

We did raise the money.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

So we raised less what we have in ARR right now.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

And so we are still very effective.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

So me and my co-founder, we have more than 70% of the equity.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

So we are technically pre-series A, and we didn't know whether we want to raise the series A. So I guess how much total have you raised between pre-seed, seed, et cetera?

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

So the last big round was 2023, I guess.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

So in 2023, I guess we raised around two mil.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

And in 2022, we raised around three mil.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

And the rest, like all the minor investments were before that.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

I wouldn't say that I regret, maybe in a way that I regret in the decisions which were forced with that kind of fundraising.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

So, you know, we got the regular VC fever, the way how they force you to spend more money.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

And just to chase the growth, which is reasonable.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

However, it's very easy to make mistakes.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

And what we learned the hard way is that VCs are always less active, in our case, based on our experience, than they claim to be.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

And in the end of the day, they care less about money.

SaaS Interviews with CEOs, Startups, Founders
Bootstrapping Through War to $6M ARR: A SaaS Founder Story

that they spend on you and they care more about the potential profits.