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SaaS Interviews with CEOs, Startups, Founders

1311 Should he Raise Capital to Compete with Monday?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 25 February 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

The CEO and co-founder of Float.com, the resource scheduling app helping agencies, studios and firms keep track of who's working on what and when. Float.com is bootstrapped, profitable and 100% remote, with Glenn currently based in Melbourne, Australia, where he has ready access to a good flat white.

Transcript

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0:00.0

launched float back in 2012 now 2,000 customers paying 100 bucks a month, 200 grand a month in

0:04.1

revenue up from 130 grand a month in revenue just about a year ago. They do that via $5 per seat.

0:08.9

50% of their new revenue is coming from expansion, essentially seat ads on historical cohorts.

0:13.8

They are bootstrapped, profitable, 15 people, remote locations between really all over,

0:18.3

founded in Brooklyn, 3.5% logo churn per month, but about 0% net churn

0:23.4

because of that expansion we talked about earlier.

0:24.9

900 bucks to get a customer, nine-month payback period.

0:27.7

This is the top entrepreneurs podcast where founders share how they started their companies

0:33.6

and got filthy rich or crash and burn. Each episode features revenue numbers,

0:41.9

customer counts, and other insider information that creates business news headlines. We went

0:48.7

from a couple of hundred thousand dollars to two point seven million. I had no money when I started

0:52.8

the company. It was a hundred and sixty million million, which is the size of any IPOs.

0:56.9

We're a bit strapped.

0:57.9

We have like 22,000 customers.

1:01.8

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

1:06.0

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

1:12.8

I'm your host, Nathan Latka,

1:18.5

and here's today's episode. Hello, everybody. My guest today is Glenn Rogers. He's the CEO and co-founder of float.com, the resource scheduling app, helping agencies, studios, and firms keep track of who's

1:22.7

working on what and when. Float.com has bootstrop profitable and 100% remote with Glenn currently

1:27.2

based in Australia,

1:28.2

where he has already access to a good flat white.

1:32.1

All right, Glenn, you ready to take us to the top?

...

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