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SaaS Interviews with CEOs, Startups, Founders

1548 When Will He Stop Consulting And Go All In on $13k MRR SaaS Product?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 20 October 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

Tom Cameron abandoned a Structural Engineering career in 1997 to pursue Internet technologies. He has founded multiple small businesses and 2 Internet SaaS businesses. He currently lives in Brisbane Australia where he co-manages a coworking space, manages todo.vu and still has a hand in a web consulting business he founded 18 years ago.

Transcript

Click on a timestamp to play from that location

0:00.0

created to do view back in 2014 again helps freelancers manage billing time management a bunch

0:05.2

of other stuff uh you know sending out invoices they fast 500 customers paying 27 bucks a month

0:10.6

so 13000 bucks per month in revenue that's up from 4k per month in revenue just a year ago

0:15.6

3% logo churn per month spending 162 bucks to get a new customer at 27 bucks a month so six

0:20.5

month payback period,

0:21.5

team of, you know, one or two people with a small, you know, three, four group of freelancers

0:25.7

working on a need basis, all based down in Australia. Hello, everyone. My guest today is Tom

0:32.0

Cameron. He's abandoned a structural engineering career in 1997 to pursue internet technology.

0:37.1

He's found in multiple small businesses and two internet SaaS companies.

0:40.3

He currently lives in Brisbane, Australia, where he co-manages a co-working space and manages his company to-do view and still has a hand in a web consulting business he found it 18 years ago.

0:49.3

Tom, are you ready to take us to the top?

0:51.3

Yes, I am.

0:53.3

All right. So what is to-do view and is your revenue model purely a SaaS one?

0:58.3

Yes.

0:59.3

So To-Doo view is a SaaS solution providing a suite of productivity tools to freelancers and small and micro-businesses.

1:08.9

And yes, yes, our revenue model is purely SaaS.

1:11.8

That's great. So what are people paying on average per month for this kind of tool?

1:15.7

Well, it's $9 per user per month, and our average team is around three users. So it's actually

1:22.2

quite small and quite cheap. That's great. So maybe 27 bucks per new logo, three team members?

1:27.3

That's great. Yes. That's great. And when 27 bucks per new logo, three team members. That's correct. Yes.

1:28.2

That's great. And when did you launch this company? What year? It was 2014. We started up with

1:35.2

the idea. We didn't really go live until about a year or so after that. Okay. And kind of why get

...

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