1411 This Tool is Flat, Bootstrapped, Why Won't Founder Get The Hell out and Sell?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6 • 683 Ratings

🗓️ 5 June 2019

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Former consultant to MIcrosoft, GE, GM, American Express and others. Founder of Spokal.

Transcript

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0:00.0	By 2014, they topped down the high five figures per month in revenue.
0:03.5	His co-founder left.
0:04.6	He's now basically said, you know what?
0:05.8	This is going to be a lifestyle business or bootstrap.
0:07.8	It's now flat, call it, you know, do it somewhere, but, you know,
0:10.2	less than obviously 80, 90 grand per month in revenue.
0:13.1	They've gotten churn in check, so less than 3% logo churn per month.
0:16.2	Folks paying on average 50 bucks per month. They have between 10 and 1,000 customers, again, bootstrapped
0:21.3	as he builds his team traveling the world for people fully remote. This is the top
0:27.7	entrepreneurs podcast where founders share how they started their companies and got filthy rich
0:33.5	or crash and burn. Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines.
0:46.3	We went from a couple hundred thousand dollars to $2.7 million.
0:49.3	I had no money when I started the company.
0:51.3	It was $160 million, which is the size of any IPOs.
0:55.2	We're a bit strapped.
0:56.2	We have like 22,000 customers.
1:00.1	With over 5 million downloads in a very short amount of time,
1:04.3	major outlets like Inc are calling us the fastest growing business show on iTunes.
1:09.2	I'm your host, Nathan Latka, and here's today's episode.
1:13.2	Hello, everyone.
1:13.6	My guest today is Chris Mack.
1:15.3	He's a former consultant to Microsoft GE, GM American Express, and many others.
	...

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