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SaaS Interviews with CEOs, Startups, Founders

Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

05 Feb 2016

Transcription

Chapter 1: What inspired Matthew Bellows to start Yesware?

0.031 - 15.768 Nathan Latka

This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base. You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

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16.268 - 18.39 Matthew Bellows

I'm now at $20,000 per top.

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Chapter 2: How much capital did Yesware raise and why was it necessary?

18.41 - 19.271 Matthew Bellows

Five and six million.

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19.411 - 27.54 Nathan Latka

He is hell-bent on global domination. We just broke our 100,000-unit soul mark. And I'm your host, Nathan Latka.

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Chapter 3: What is the target market for Yesware's services?

27.52 - 43.977 Nathan Latka

Okay, Top Tribe, this week's winner of the 100 bucks that I give away every Monday is Kim Dust. She's in the entertainment industry and is currently working a full-time day job and doing her side hustle on the side. Kim, congrats.

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Chapter 4: When should a startup hire its first salesperson?

43.957 - 65.69 Nathan Latka

For you guys' chance to win 100 bucks every Monday, simply subscribe to the podcast on iTunes now and then text the word Nathan to 33444 to officially enter. Again, text the word Nathan to 33444 after you've subscribed. Top drive, don't forget tomorrow morning and every morning you hear from somebody new.

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Chapter 5: What strategies does Yesware use to engage new customers?

65.79 - 74.689 Nathan Latka

Tomorrow is with Jason Coleman. He plans to be the number one WordPress membership plugin by 2017. Okay, Top Tribe, good morning.

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Chapter 6: How does Yesware measure sales effectiveness?

74.709 - 75.911 Nathan Latka

I'm here with my tea this morning.

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Chapter 7: What is Matthew's vision for Yesware's future revenue goals?

75.931 - 97.47 Nathan Latka

I'm excited about the guest we have, mainly because I've used their free tools before. It's a great one. His name is Matthew Bellows, and he's the founder and CEO of Yesware. Yesware serves more than 750,000 salespeople at companies like Acquia, AdRoll, Groupon, Salesforce, Twilio, Yelp, and Zendesk. Now, prior to Yesware, Matthew was the vice president of sales at Vivox.

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97.45 - 122.282 Nathan Latka

Before that, he served as general manager at Floodgate, which was acquired by Zynga. He was also founder and CEO of WGR Media, which was acquired by CNET Networks. And he was VP of sales and marketing of Interstep, which was acquired by Flycast or CMGI. He earned his bachelor's from Naropa University and his MBA magna cum laude from the Olin School for Business at Babson College.

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122.322 - 134.251 Nathan Latka

Matthew, are you ready to take us to the top? I'm ready. Thanks for having me, Nathan. Yeah, I'm excited that you're here. You know, I always have wanted to meet someone who started off in the gaming world and then is all of a sudden in sales. You are that person.

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134.792 - 139.725 Matthew Bellows

Yeah, that's right. Very cool. I'm still in the gaming world as a hobby, but...

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140.06 - 142.602 Nathan Latka

Are you writing games or just playing ones you enjoy?

142.662 - 155.374 Matthew Bellows

Well, my very first job actually was in the games industry. As a high school kid, I was a beta tester for a company called Infocom back in Cambridge, Massachusetts. And I've worked in the video game industry on and off for about half my career.

156.875 - 168.025 Nathan Latka

And so I want to fast forward because there's so much we could talk about. The exit to Zynga, all your experience there. Yes, where's your baby though now? I want to focus on that. What year did you found the business in?

168.511 - 173.556 Matthew Bellows

We founded it in late 2010 and raised our first round of financing in early 2011.

173.896 - 191.251 Nathan Latka

Okay, great. And guys, his experience, Matthew did a great job summing it all up in a great New York Times piece, and he really pulled out the struggles, which I appreciated. So I'll link to that in the show notes at NathanLatka.com forward slash the top 172. And I'm going to pull the story forward, and I want to talk about kind of now.

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