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SaaS Interviews with CEOs, Startups, Founders

1634 Why This Founder Knows He Has To be 100% Owner (And Thats Not a Bad Thing)

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 14 January 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

Built two profitable startups and then sold them (one e-commerce national, and one international).

The last startup I've got VC investment without meeting the investors, I've incorporated in Ireland without ever going to Ireland, I've run an 8 people team all remote, became profitable and sold it in 2017.

I like going from 0 to 1. I've been in two accelerators.

Transcript

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0:00.0

Competitors. App helps you manage and understand where all your competitors are getting traffic.

0:04.1

Right now, they've got about 20 customers paying 40 bucks a month, so 800 bucks a month in revenue,

0:07.8

getting his first few customers using Facebook groups and just pure hustle,

0:10.9

a combination of duck soup plus text expander on LinkedIn as well.

0:14.5

Currently burning cash, he's trying to, you know, get profitable and call it a year, but no rush.

0:18.0

Bootstrap today, team of three in remote locations spread out all

0:21.8

around the world. Sold his last company for a million bucks and that's where he's using and

0:24.6

getting his investment funds from. Hello, everybody. My guest today is Rosvon Gormacha. He is the

0:30.7

CEO of a company called Competitors.com, which allows you to monitor competitors marketing channels.

0:35.6

He built two profitable startups and sold both of them, one e-commerce national and one international. The last startup, he got VC investment

0:42.1

without meeting the investors incorporated in Ireland without ever going to Ireland and ran a team

0:46.1

of eight people all remote because it became profitable and sold it in 2017. All right, he's been in two

0:51.7

accelerators and currently accelerators, including one right now. Resvano, are you ready to take us to the top? Yeah, sure. All right, he's been into accelerators and currently accelerators, including one right now.

0:54.8

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

0:56.7

Yeah, sure.

0:57.4

All right. So what is competitors.comptop? That's the URL. What's the company doing? How do you make

1:01.4

money? Well, it's a software as a service, of course. It's monitors, competitors, every,

1:08.1

all the marketing channels for $10 per competitor per month.

1:11.6

Okay.

1:12.1

And so what is kind of the average customer pay you per month, would you say, total?

1:16.3

On average, we have four competitors per client.

1:21.8

Okay, so they each pay on average about $40 a month?

...

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