4.6 • 683 Ratings
🗓️ 2 March 2019
⏱️ 17 minutes
🧾️ Download transcript
3rd time entrepreneur, now on my first Saas. Spaniard between Barcelona and San Francisco. Trained in business, always worked with technology.
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0:00.0 | Work hard, not smart. He got involved with the hotels network back in 2015. That's when they |
0:05.0 | launched the company. Today, 39 people. They basically get installed on websites of these different |
0:10.2 | hotel locations. They help with booking. They're now working with over 3,000 customers paying |
0:14.5 | 100, 150 a month. They're doing about 360 grand per month right now in revenue, about 4.3 million |
0:19.5 | in ARR. That's up 100% year-percent year |
0:21.8 | from 170 grand in July of 2017 in monthly recurring revenue. They raised about $4 million. |
0:27.7 | They just raised about $3.7 million in February of 2018 at a 6 to 8x ARR multiple, and at the time |
0:33.7 | they were doing about $3.5 million in ARR. That's a pre-money evaluation. |
0:41.9 | Spending about 600 bucks to acquire these customers, optimizing for a six to nine-month payback period. |
0:43.3 | This is the top entrepreneurs podcast where founders share how they started their companies |
0:49.3 | and got filthy rich or crash and burn. |
0:54.6 | Each episode features revenue numbers, customer counts, and other insider information that |
1:01.0 | creates business news headlines. |
1:04.0 | We went from a couple hundred thousand dollars to $2.7 million. |
1:07.2 | I had no money when I started the company. |
1:09.2 | It was $160 million, which is the size of any |
1:11.8 | IPOs. We're a bit strapped. We have like 22,000 customers. With over 5 million downloads |
1:19.7 | in a very short amount of time, major outlets like Inc are calling us the fastest growing business |
1:25.0 | show on iTunes. I'm your host, Nathan Latka, and here's today's |
1:29.6 | episode. Hello, everyone. My guest today is Juan Rodriguez. He's a third-time entrepreneur, now |
1:34.8 | building his first SaaS company. He's from Spain between Barcelona and San Francisco. He's |
1:41.5 | trained in business always working with technology. |
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