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SaaS Interviews with CEOs, Startups, Founders

1333 Dealing With Professional Services Temptations with Cliently CEO

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 19 March 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

At 23 Spencer accepted his first Sales Director role and a year later was promoted to VP of sales for an e-commerce doing $5M+ in revenue. Spencer went on to begin is own company then found himself working at PandaDoc, a hot Silicon Valley startup before founding Cliently.

Transcript

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0:00.0

launched about a year and a half, two years ago with a product, grew it to about six grand

0:04.1

per month, seven grand per month in revenue over about 10 months, then said, you know, there's

0:08.1

way more money doing professional services, which is scaled to about 60, 70 grand in revenue

0:12.0

per month. But again, it's low, low margin, hard to scale. So raise additional capital,

0:16.4

800 grand in the company so far, now relaunching his SaaS platform at Cliently.

0:25.0

Again, about 13 customers right now make up about 40,000 bucks in AR.

0:27.8

He's hoping to really double down over the next five months and see if he can hit that $1 million ARR bar.

0:30.2

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

0:36.1

and got filthy rich or crash and burn.

0:41.3

Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines.

0:50.3

We went from a couple of hundred thousand dollars to two point seven million.

0:53.3

I had no money when I started the company. It was a hundred and sixty million dollars,

0:57.6

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

1:04.2

With over five million downloads in a very short amount of time, major outlets like Inc are

1:09.9

calling us the fastest growing business show on iTunes.

1:13.4

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

1:18.4

Hello, everyone.

1:18.8

My guest today is Spencer.

1:21.0

At 23 years old, he accepted his first sales director role, and a year later was promoted

1:25.4

a VP of sales for an e-commerce doing five million

1:27.7

bucks in revenue. He went on to begin his own company then found himself working at Pantadoc, a hot

1:31.7

Silicon Valley startup before founding his current company, Cliently, which we're going to talk about today.

...

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