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SaaS Interviews with CEOs, Startups, Founders

She has guts! Turned down $20m offer with $15k in MRR for her Ad Management SaaS

10 Dec 2022

Transcription

Chapter 1: How did Victoria Dubin grow her MRR from $300 to $15,000?

4.992 - 47.018 Nathan Latka

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. Guys, she was doing $300 a month a year ago, and last month she broke $15,000 in MRR. She's helping 15 enterprise accounts. These are accounts that spend $25,000 to $30,000 a day on ads.

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47.278 - 59.437 Nathan Latka

She's helping them manage all their different ads, right? So banner sizes, ad creatives, mixing them up, measuring results, all of that on Viewist.com. She just closed a $1.5 million pre-seed round at north of a $10 million cap. It was on a safe.

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Chapter 2: What strategies does Victoria use to manage ad creatives for enterprise clients?

59.457 - 78.926 Nathan Latka

She has a team of 11, and she turned down recently a $20 million acquisition offer. Hey folks, my guest today is Victoria Dubin. She's an ex-pro tennis player and got her MS in physics and applied maths, spent 10 years working in investment banking, and then started from analytics and ended up with trading and project management.

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78.946 - 91.5 Nathan Latka

She's a second-time founder, used to live in four countries, and never gave up on her dreams. Now building VUST, that's V-I-E-W-S-T.com, which is ads, production, project management, and scaling. Victoria, are you ready to take us to the top?

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92.642 - 94.804 Victoria Dubin

Yeah, thanks for the introduction.

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95.122 - 96.188 Nathan Latka

You bet. You bet. Okay.

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Chapter 3: How is AI integrated into Victoria's ad management platform?

96.469 - 99.647 Nathan Latka

So tell us the story of a customer who's using you and exactly how they use you.

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100.606 - 119.403 Victoria Dubin

Okay, so like most of our customers are either like big brands or performance marketing managers, but they have one thing in common. So their like media budgets start from like $25,000, $30,000 daily. So they have to produce a lot of different banners for different channels, first of all.

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119.423 - 130.613 Victoria Dubin

And second, you know, they do a lot of testing and that's why they need a very simple and affordable tool in order to scale their banners, their variations and run a lot of A-B tests.

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130.593 - 138.966 Nathan Latka

Interesting. Okay. So are you using AI to generate more creatives for them? Or is it more like they upload a CSV with a bunch of headlines and you mix and match all the things together?

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139.925 - 145.23 Victoria Dubin

Okay, so of course, you know, AI is a big topic right now and it's a huge evolving trend.

Chapter 4: What is the pricing structure for Viewist's services?

145.31 - 175.288 Victoria Dubin

But to be honest, it's not applied to generating layered visuals as for now, just either like plain images or very good quality texts, but not actually like banners. And we are working on it, but we apply AI to small features like removing background, one of them, and also like resizing. So whenever you have a mock-up, of a banner, then you can resize it to all different sizes perfectly.

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175.389 - 183.087 Victoria Dubin

So that's where we use AI and we keep like improving this. And yeah, so that's about like AI.

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183.688 - 187.718 Nathan Latka

That's great. Okay. And so what does the average customer pay you per month to use this technology?

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188.677 - 193.064 Victoria Dubin

You know, most of our customers are like corporations.

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Chapter 5: When did Victoria launch her business and how did she acquire her first customers?

193.144 - 216 Victoria Dubin

I mean, like, okay, agencies and big brands. And so usually they sign up for a year and our basic turf plan for enterprises starts from $12,000 yearly. But, you know, it depends on how many team members they invite to the platform. So, you know, $12,000 is for five people and more you invite, like more you pay.

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216.318 - 221.588 Nathan Latka

Yeah. Would you say though, five, a five person team is your sweet spot or is it more like 10 people as the average?

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222.67 - 224.914 Victoria Dubin

Uh, you know, I would say it's like seven to 10.

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224.954 - 229.562 Nathan Latka

Okay. So more like your average contract value might be like 20,000 a year or something like that.

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230.303 - 230.724 Victoria Dubin

Yep.

Chapter 6: What lessons did Victoria learn from her first startup experience?

230.744 - 231.666 Victoria Dubin

That's very cool.

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232.067 - 235.092 Nathan Latka

Okay. Give me the backstory here. When did you launch the business? What year?

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236.334 - 237.076 Victoria Dubin

Uh, 2020.

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237.096 - 240.081 Nathan Latka

20. Were you still playing tennis at the time or no?

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240.398 - 250.855 Victoria Dubin

You know, I still play tennis right now, but of course, you know, not professional, but I enjoy playing it. And this is like my best way to network with different people.

Chapter 7: What factors influenced Victoria's decision to turn down a $20 million acquisition offer?

250.875 - 259.369 Nathan Latka

That's amazing. Were you, I mean, did you teach yourself how to code or like what came first, tennis or software and coding?

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260.328 - 272.54 Victoria Dubin

Uh, tennis, you know, it's, it started when I was like four years old and my first competition happened when I was like, probably like seven years old. And I earned my first money with tennis when I was like nine years old.

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273.142 - 277.172 Nathan Latka

Oh my gosh. Amazing. What was the highest rank you worked your way to in the USTA rankings?

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278.114 - 288.87 Victoria Dubin

You know, I quit when I was 15 because of the injury. So like, I didn't get much. Unfortunately, I'm not like, I don't know, Syriana Williams, for instance.

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Chapter 8: What are Victoria's future plans for scaling her company?

288.89 - 301.948 Victoria Dubin

But yeah, I played good. And, you know, it helped me to actually earn some money while studying at the university. So I was coaching people. And that was the best way to network, as I told you.

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302.449 - 306.535 Nathan Latka

That's awesome. Okay, so you started going in 2020. How did you get your first customer?

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308.641 - 331.813 Victoria Dubin

Oh, you know, I would say let's divide customers and like freemium users. So initially we started with freemium users and our first users came from AppSumo. Of course, they paid like lifetime deals, but like it's one time payment. And our first corporate client came just recently, you know, in August, actually. So several months ago.

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332.08 - 344.166 Nathan Latka

So how does that work? I mean, you know, AppSumo is really like, it's, there's not enterprise customers hanging out on AppSumo, right? So you're now serving a very different niche than where you launched on AppSumo. How did that work? Would you do AppSumo again?

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345.175 - 375.182 Victoria Dubin

Probably not. But, you know, I would advise other SaaS founders to try AppSumo because, you know, this is probably the easiest way and low-hanging fruit to talk to your audience. I mean, because there are a lot of users from, like, marketing especially. And if you develop something for marketing, I don't know, email marketing or SEO marketing or some kind of tool for production, you know,

375.162 - 392.561 Victoria Dubin

Content production tool, for instance, it's a good place to test it and to get a lot of feedback. And, you know, when you build something for B2B customers, anyway, you need to develop product to a certain point to make it interesting and valuable for professional teams.

393.081 - 402.992 Victoria Dubin

But on the way to this point, you start with like small guys, probably small businesses or freelancers and Epsom is the place where you can find a lot of them.

403.293 - 406.337 Nathan Latka

Okay, now fast forward to today. How many customers are you working with now?

408.62 - 422.777 Victoria Dubin

Okay, it depends. If we're talking about how many checks we've signed, it's probably right now, it's 15 starting from July this year. But if you're talking about users, these are... No, no, no.

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