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SaaS Interviews with CEOs, Startups, Founders

1680 Why Even After Raising $1.4M, $180k MRR CEO Having Trouble Hiring Developers in Finland

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 29 February 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

Serial entrepreneur with a wide experience in IT domain from software development to services and software/solution sales. +15 years in service management. Excellent track record of building and leading winning teams. Personal goal: help business leaders to see Information Technology as an organic and critical part of their businesses, not just hard-to-understand-expensive-techie-driven-cost center.

Transcript

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0:00.0

This company, Oneio is really integrating business and connecting services.

0:03.6

It's basically a B2B integration hub.

0:05.7

They've just passed 40 customers paying on average $4,500 a month, so $180,000.

0:09.9

And monthly recurring revenue, that's up from $95,000 a month just about a year ago.

0:14.1

They're operating at about break-even, just raised $1.4 million.

0:17.8

Team of 15, trying to hire more developers, but ultimately it's a struggle in

0:21.5

Finland because it's a specialized skill set he's looking for. The team, again, is in Finland and the

0:25.2

UK. 0.1% revenue churn per year. So obviously, really healthy economics. Lifetime value about

0:30.8

36 months or 162 grand spending about call it 60, 70 grand to get a new customer. So 2.2

0:36.8

LTV to KAC ratio there.

0:39.8

Hello, everyone. My guest today is Yuha Berghal. He's a serial entrepreneur with a wide

0:44.1

experience in IT domain from software development to services and software solutions and sales,

0:48.9

and along with 15 plus years in service management. He's got an excellent track record of building

0:52.8

and leading winning teams. His personal goal is to help business leaders to see information technology as an organic

0:58.1

and critical part of their business, not just a hard to understand expensive techie

1:01.6

driven cost center.

1:03.3

Uh-huh.

1:03.6

Are you ready to take us to the top?

1:05.8

Yeah.

1:06.2

Let's go.

1:06.8

Okay.

1:07.0

So tell us what the company name is first because you're going through a rebrand right now, and then help us understand what you do and what your business model is.

...

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