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Will Cordes

๐Ÿ‘ค Speaker
153 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

Are you bootstrapped today?

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

We raised $225K.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

So for all intents and purposes, yes, we're bootstrapped.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

And I've got all that money and more in the bank.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

We've got about $350K in cash.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

So we've been really cash efficient as a business, thankfully.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

How much are you hoping to raise right now?

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

Probably a million, a million and a half.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

That's kind of the target.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

Again, we've been going through this a while, right?

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

And you probably know this better than most people.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

I think coming in as a service business and transitioning to SaaS,

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

It's a challenging story for kind of investors to grasp, especially pure play SaaS investors.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

But we're using all the data that we've gathered to really as a proof of concept to say people are willing to pay this much per month.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

They're looking for kind of that consistent financial support and not just somebody to whip them up a model that they can shoot off to an investor to raise some capital.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

They want that consistent, trusted resource with a little bit of that tech enabled automation to drive for their efficiency.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

So with the platform, we're really looking to kind of enable and bring together the finance stack for a typical SaaS company.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

So transactional data, financial statement data and ops data.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

bring it into one universe and cleanse it, and then build interesting use cases on top of that.

SaaS Interviews with CEOs, Startups, Founders
KPISense Raising $1.5m Now on $1.2m Revenues As Tech Enabled CFO For SaaS Founders

So whether they're analytics, measuring your metrics or dashboard, looking at sales efficiency, helping to raise venture debt, for example, those are all use cases that we can help automate and streamline moving forward.