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SaaS Interviews with CEOs, Startups, Founders

1632 How He Got 1000 Customers from 42,000 Free Users, $150k in MRR

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 12 January 2020

⏱️ 19 minutes

🧾️ Download transcript

Summary

Lionel Roux, Engineer + MBA graduate, my career started in Japan working for Total (oil). Then, I created Nutec (racing fuels) in Southern California that I sold three years later. After graduation, I worked as a strategy consultant. In 2011, I created Wimi which makes teamwork fun and efficient.

Transcript

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0:00.0

launched Wimmy teamwork back in 2010. Now about a thousand customers paying 150 bucks a month.

0:04.5

So 150 grand a month in revenue up 50% year over year. So about 100 grand per month just a year ago.

0:10.1

They've got about 5% and free cash. So going to the bottom line, that's an EBITDA margin,

0:13.7

which is obviously a great place to be. Team of 25 in Paris and remote locations,

0:17.9

3.3 million bucks to raise to get about 20% revenue term per year, but also

0:22.1

20% expansion. So 100% net revenue retention on the cohort. And again, looking to scale fast as

0:28.0

really one of the only French solutions focused on kind of project management for specific

0:31.4

industries like architects. Hello, everybody. My guest today is Lionel Roo. He's an engineer

0:36.6

plus MBA graduate. Started his career in Japan working for total oil. Then he created another company in racing fuels in Southern California that he sold three years later. After graduation, he worked as a strategy consultant. And in 2011, he created Wimmy, which makes teamwork fun and efficient. It's what we're going to talk about today. Lionel, are you ready to take us to the top?

1:02.6

All right, yeah. I think you summarized my background quite accurately.

1:06.7

All right. So tell us about the company. What's the company do and what's the revenue model? How do you make money?

1:16.3

It's a subscription model. It's a SaaS solution it's growing really fast actually we serve many different companies in operating in any kind of industries it goes from you know very

1:24.1

large publicly traded companies to very small businesses.

1:30.4

We serve teams that want to be more productive and want to, who wants to, you know,

1:40.4

realize, execute projects in a more smooth and easy way. And so, Lionel, what do people pay, like, you know, realize, execute projects in a more smooth and easy way.

1:46.1

And so, Lionel, what do people pay, like, you know, on average per month to get access

1:49.5

to this technology you've built?

1:51.2

It ranged from $9 to $18 a month according to the spectrum of features you need.

2:00.2

I assume that's per seat though, right?

2:02.1

I'm talking about when a new company signs,

2:04.7

when a new company signs up,

2:06.0

typically,

...

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