1312 How Consent.io Got Its First $15k in MRR

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6 • 683 Ratings

🗓️ 26 February 2019

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Studied Marketing & Mass Comm in the US. Transferred to Int. Business in NL. Started in biz dev on market intelligence products. Transitioned into management consulting. Later and for the longest in political consulting. Interest of social processes and information dissemination led to consent.io startup. 2 failed starts, bad timing, not right team. Now third time lucky and going strong for 2 years.

Transcript

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0:00.0	gone through two kind of failed startups where we learn. Now he's building Consent.I.O.
0:03.7	launched in 2017 with his team of 10 people based between Amsterdam and Bulgaria and other
0:08.7	locations in the UK, currently serving 10 customers doing about $15,000 a month in revenue.
0:15.1	They've only lost one customer since they've turned on revenue about six to 12 months ago,
0:20.1	spending about $1,500 to acquire
0:21.6	the customer, mainly through their business development person. It's too early for other
0:25.6	economics, but again, hopefully going to grow to about 50 grand per month in revenue in the next
0:30.1	nine to 12 months so we can go out and raise $1 million on a $5 million valuation.
0:35.3	This is the top entrepreneurs podcast where founders share how they started their
0:40.8	companies and got filthy rich or crash and burn.
0:46.5	Each episode features revenue numbers, customer counts, and other insider information
0:52.3	that creates business news headlines.
0:56.0	We went from a couple hundred thousand dollars to 2.7 million.
0:59.0	I had no money when I started the company.
1:01.0	It was $160 million, which is the size of any IPOs.
1:04.0	We're a bit strapped.
1:05.0	We have like 22,000 customers.
1:09.0	With over 5 million downloads in a very short amount of time, major outlets like Inc.
1:14.9	are calling us the fastest growing business show on iTunes.
1:18.5	I'm your host, Nathan Latka, and here's today's episode.
1:23.2	Hello, everyone.
1:23.7	My guest today is Orato Rekoff.
	...

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