1393 Agency Spin Out Launches, Gets First $9k/mo in Revenue

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6 • 683 Ratings

🗓️ 18 May 2019

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Time Stamped Show Notes:

0:55 – Why he spun the company out of his agency one year ago
3:45 – Average customer pays them $3,500 annually
4:15 – How they've scaled to 250 paying customers
4:35 – Did $9k in MRR last month
5:20 – Less than 1% gross revenue churn monthly
6:05 – They are raising $1m right now on $2.5m pre money value
7:10 – How they've scaled with just two full-time employees
8:00 – Why they are paying under $100 to acquire a new customer

Transcript

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0:00.0	part of an agency for many years then in 2017 spun out up content just now recently turning on
0:06.5	revenue have about 250 customers paying 36 bucks a month to do about nine grand per month in
0:11.2	revenue churn is healthy sub 1% revenue churn per month that's on a gross basis spending anywhere
0:17.1	between caught 50 and 100 bucks in terms of fully diluted cack that includes includes his time with his team of two people based in Pittsburgh, getting about a
0:24.7	three-month payback period there again on that cack.
0:27.0	Currently raising around a million bucks at a $2.5 million pre-money valuations.
0:31.7	This is the top entrepreneurs podcast where founders share how they started their companies and got filthy rich
0:39.2	or crash and burn.
0:43.0	Each episode features revenue numbers, customer counts, and other insider information that
0:49.3	creates business news headlines.
0:52.3	We went from a couple of hundred dollars to $2.7 million.
0:55.0	I had no money when I started the company.
0:57.0	It was $160 million, which is the size of any IPOs.
1:01.0	We're a bit strapped.
1:02.0	We have like 22,000 customers.
1:05.0	With over 5 million downloads in a very short amount of time,
1:10.0	major outlets like Inc.
1:11.3	are calling us the fastest growing business show on iTunes.
1:15.0	I'm your host, Nathan Latka, and here's today's episode.
1:19.8	Hello, everyone.
1:20.2	My guest today is Scott Rogerson.
1:22.5	He spun out a B2B SaaS technology company,
	...

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