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SaaS Interviews with CEOs, Startups, Founders

1347 "Our minimum is $500m" Says Ecommerce Tool CEO

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 2 April 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

Chad Rubin (Ecommerce Renegade) builds e-commerce businesses. Fresh out of college and Wall Street, he took his family vacuum business online and built his own direct to consumer e-commerce business called Crucial Vacuum. He grew it from 0 a $20 million dollar valuation in just 7 years. He happens to be a top 250 Amazon seller. He co-founded Skubana with DJ Kunovac and built one of e-commerce's hottest operational softwares.

Transcript

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0:00.0

My new book, How to Be a Capitalist, without any capital is out. You can get it at Capitalistbook.com.

0:05.9

Here's what Nicholas said on March 6th on Amazon. Incredibly incisive, useful, and sensible.

0:12.1

The author is not greedy and is in fact extremely generous and does not hold back on the knowledge

0:16.6

he imparts. I've barely made it halfway to the book, and I'm already gushing over the book because

0:21.0

it's an absolute gem. Nathan gets to the point quick, shows proof and best of all,

0:25.7

shows you not just what to do, but how to do it in explicit detail. To say the book is actionable,

0:30.6

is an understatement. Now, you guys, I listen to the podcast, know I'm detail-oriented,

0:34.7

so that review might not surprise you, but I hope you grab the book.

0:41.0

It's now a Wall Street Journal, instant national bestseller.

0:43.3

Grab it at capitalistbook.com.

0:44.6

Audible version is available, too.

0:51.9

He goes from vacuums to Wall Street to coffee filters to e-commerce, started scuba on in 2015.

0:56.7

His team is now as 27 people based up there in New york city and jersey helping well well over a thousand customers ecommerce brands scale get more efficient understand purchase

1:02.8

history inventory things like that growing rapidly 1500 a month is kind of a minimum rpoos so somewhere

1:09.3

in the 1.5 million range is a healthy minimum

1:11.1

in terms of MRR, 3.3 to 5 percent annual gross logo churn, which he feels like is

1:16.1

addressable churn, obviously healthy there, minimum lifetime value there, 18 months at 26 grand.

1:20.7

Scaling, and I love this part, basically bootstraps.

1:24.6

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

1:31.0

filthy rich or crash and burn.

1:35.7

Each episode features revenue numbers, customer counts, and other insider information that creates

1:42.5

business news headlines.

...

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