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SaaS Interviews with CEOs, Startups, Founders

1705 Would You Ever Put $1m Of Your Own Money In Before Turning on Revenue?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 25 March 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

Scott grew up in the suburbs of Philadelphia and studied business at PSU. After working as a 3D VFX Artist, Scott ventured into manufacturing, wholesale and distribution of electronic novelties. During the recession Scott realized that business had changed forever and in order to compete businesses were going to need a whole new set of tools. This gave rise to Sellution.

Transcript

Click on a timestamp to play from that location

0:00.0

Solution is his product, essentially all in one marketing and experience automation,

0:03.7

specifically for the manufacturing industry. That's what he knows best, is what he's came from.

0:08.1

He's put a million bucks of his own capital and burning about 17 to 20 grand per month with 10 people,

0:12.5

mostly engineering and developers as he looks to turn on revenue here in the next couple months.

0:16.0

He's got an advisory group or early adopters using the platform again, watching usage metrics,

0:19.9

hoping to turn those people on and to paid customers in the near future.

0:24.4

Hello, everyone.

0:25.1

My guest today is Scott Snyder.

0:26.8

He grew up in the suburbs of Philadelphia and studied business at PSU.

0:29.9

After he started working as a 3D VFX artist, he ventured into manufacturing, wholesale,

0:34.6

and distribution of electronic novelties.

0:36.7

During the recession, he realized that business had changed forever and in order to compete with businesses, we're going

0:41.0

to need a whole new set of tools. This gave rise to his company solution. Scott, are you ready

0:46.2

to take us to the top? Yeah, how you doing? Good, man. Thanks for jumping on. So tell us what the

0:50.6

company does and how you make money. All right.

0:59.2

So what we've created is a unified platform that streamlines your sales, marketing, and customer service and commerce into one system.

1:02.6

It's a SaaS platform.

1:04.5

We're doing a monthly membership fee.

1:08.0

Okay.

1:08.4

And what's membership fee?

1:14.2

We're ranging from right now $35 up to $113. Just the entry level starter plans at $35. Then we go up to $80, then $113 on the enterprise plan,

1:24.5

which is, you know, get everything that you need. Okay. And how many customers today, Scott?

...

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