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SaaS Interviews with CEOs, Startups, Founders

1457 eLearning Company For Internal Teams in Kentucky Hits 1000 Customers, $600k MRR

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 21 July 2019

⏱️ 18 minutes

🧾️ Download transcript

Summary

Don Weobong is founder and president of Telania, a technology software-as-a-service company based in Louisville, Kentucky. Telania specializes in helping organizations solve tough challenges through e-learning technology, leaves of absence management solutions, and sales channel management. Premier products include eLeaP, CaptureLeave, PRMDeals, and Azimio.

Transcript

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0:00.0

My new book, How to Be a Capitalist, without any capital is out.

0:03.7

You can get it at Capitalistbook.com.

0:05.8

Here's what Nicholas said on March 6th on Amazon.

0:09.2

Incredibly incisive, useful, and sensible.

0:12.0

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

0:16.2

knowledge he imparts.

0:17.5

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

0:20.9

it's an absolute gem. Nathan gets to the point quick shows proof and best of all shows you not just

0:26.2

what to do but how to do it in explicit detail. To say the book is actionable is an understatement.

0:32.2

Now you guys that listen to the podcast know I'm detail oriented so that review might not surprise

0:36.2

you but I hope you grab the book.

0:40.9

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

0:43.2

Grab it at capitalistbook.com.

0:44.5

Audible version is available too.

0:46.2

They're in Kentucky.

0:50.4

Just past 600 grand per month in revenue, a solution that helps enterprise teams build processes and document them internally so they can teach other team members faster.

0:54.8

Currently over 1,000 customers paying 500, 600 bucks per month. They're growing, oh, call it 20, 30%

1:00.9

year over year up from 450 grand a month just about a year ago, raised very little capital,

1:05.2

less than 100 grand, and they bought those investors out. So fully owned by Don and his wife

1:09.0

founded in 2005 team of 15 people, mainly in Kentucky.

1:12.7

Ten of them are doing outbound calls. Four thousand a week. That's their prime channel,

1:16.8

spending $1,300 to acquire customers. So it's a three-month payback period.

...

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