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SaaS Interviews with CEOs, Startups, Founders

1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 3 February 2019

⏱️ 15 minutes

🧾️ Download transcript

Summary

Internet executive with over 10 years of experience, including general management of small to mid-size organizations, product development, business operations, and strategy. Have conceptualized and grown multiple businesses from zero to multi-million dollars in North America and in the Middle East.

Transcript

Click on a timestamp to play from that location

0:00.0

He worked at corporate and then said, he know what? I want to do my own thing. So they kind of spun out this company called VFairs, online virtual event management.

0:06.5

Launched in 2016, now 20 people for remote locations all around the world.

0:10.6

They got customers, 65 customers paying annual contracts, call it 30 grand.

0:14.4

Then another call it 60, 70 customers that pay per event fees of about $6,000 per event. They're currently doing about $165,000 per month. That's up

0:22.3

about 100% year over year. So 80 grand per month just a year ago in September of 27. Teen, scaling

0:28.2

quickly 20% logo churn per year in their cohort, which pays kind of per event and 95% retention per

0:34.8

year and the cohort paying on annual contracts healthy payback period bootstrapped

0:38.8

which I love this is the top entrepreneurs podcast where founders share how they started their

0:45.7

companies and got filthy rich or crash and burn each episode features revenue numbers, customer counts, and other insider information

0:57.2

that creates business news headlines. We went from a couple hundred thousand dollars to

1:02.9

$2.7 million. I had no money when I started the company. It was $160 million, which is the

1:08.0

size of any IPOs. We're a bit strapped. We have like 22,000 customers.

1:14.2

With over 5 million downloads in a very short amount of time,

1:18.5

major outlets like Inc are calling us the fastest growing business show on iTunes.

1:23.4

I'm your host, Nathan Latka, and here's today's episode.

1:28.1

Hello, everyone.

1:28.8

My guest today is Mohamed Yunus.

1:31.0

He's an internet executive with over 10 years of experience, including general management

1:34.2

of small to mid-sized organizations, product development, business operations, and strategy.

1:39.1

He's conceptualized and grown multiple businesses from zero to multi-million dollars in North

1:42.8

America and in the Middle East. He's now building V-Farras.

1:45.9

Mohamed, are you ready to take us to the top?

...

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