SaaS Interviews with CEOs, Startups, Founders
Bootstrapped team of 2 hits $15k in MRR for video editing tool
16 Jan 2023
Chapter 1: What valuation strategies are discussed for SaaS companies?
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Again, both plural founderpath.com forward slash products forward slash valuations. You are listening to Conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom. If you'd like to subscribe, go to getlatka.com.
We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, CAC, valuation, or other metrics, the easiest way to do that is to go to getlatka.com and use our filtering tool. It's like a big Excel sheet for all of these podcast interviews. Check it out right now at getlatka.com. timebolt.io.
They're adding 10 new customers per day, doing 12,500 per month just in recurring revenue. They've also sold almost 300 grand total sales and lifetime sales since they launched in 2019. They help all those YouTube creators, businesses on TikTok, et cetera, quickly edit videos. They save a lot of time, a lot of money.
That's why people are willing to pay them $17 per month, over 1,000 monthly paying customers. Profitable today, team of two. And they then lean on five other contractors, Bootstrapped, which we love. Hey folks, my guest today is Doug Wolf. He is building Time Bolt, the world's fastest video timeline editor. Delete dead air and speed up silence instantly and rapidly cut through boring footage.
The timebolt.io. Doug, you ready to take us to the top?
Yes.
All right. Fill in more of your history there because Time Bolt's not your first gig. How many years have you been in startups?
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Chapter 2: How did Doug Wolf transition into the SaaS industry?
I'm sorry. I'm sorry. That's gross profit.
Chapter 3: What unique features does Time Bolt offer for video editing?
I apologize for that.
Okay.
Okay.
Because we're a downloadable software, it actually sits right there on your computer. So your computer is what's powering all the algorithms. So, you know, we pay maybe seven bucks a month to Amazon, you know, for the server, just for actually downloading the software. So the expense of running these large gigabit files, you know, long video files is negligible.
It doesn't cost us anything additional.
Okay. And how many folks are full-time today?
two. We just have a team of two. And we, of course, open that up to contractors, whether that's design contractors, technology creators over the course of time. So we have about four or five of those.
What kind of contractor did you pay the most money to in November here of 2022? A designer, a video editor, something else?
Something you won't be able to see until another two weeks. But is a brand new brand story, new homepage.
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Chapter 4: How does Time Bolt generate revenue and what are its pricing models?
Seven. Okay. Situation, married, single, kids?
Oh, it's a mess. I can't. Well, a 44-year-old dude lives in an apartment, right? I stay here so I can be with my kids and stay with my kids, but I learned a lot of life lessons. But I am single to put fully into my company.
Four kids, you said?
No, no. Well, I have three. One of them is a Marine and grown up and
Oh, wow. All right. So not married, three kiddos, and you said you're 40?
Yes, 44.
44. Okay, last question. Something you wish you knew when you were 20.
If you do startups for too long, you become unhirable in the marketplace.
This is very true, guys. TimeBalt.io, they're adding 10 new customers per day, doing $12,500 per month just in recurring revenue. They've also sold almost 300 grand total sales and lifetime sales since they launched in 2019. They help all those YouTube creators, businesses on TikTok, et cetera, quickly edit videos. They save a lot of time, a lot of money.
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