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SaaS Interviews with CEOs, Startups, Founders

837: SaaS: A Good Reason to Have Flat Growth at $200k MRR

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 8 November 2017

⏱️ 18 minutes

🧾️ Download transcript

Summary

Aseem Badshah. He’s the founder and CEO of Socedo which is a twenty person, B2B, social media demand generation company backed by Techstars Ventures, Vulcan Capital and Divergent Ventures. Before this company, he was the founder of Uptown Treehouse, a social media marketing agency working with brands like Uniqlo, Nike, Western Union and Lenovo.

Famous Five:

  • Favorite Book? – Good to Great
  • What CEO do you follow? – Satya Nadella
  • Favorite online tool? — Outreach
  • How many hours of sleep do you get?— 6
  • If you could let your 20-year old self, know one thing, what would it be? – “Be patient and focus, above all, on people”

 

Time Stamped Show Notes:

  • 01:34 – Nathan introduces Aseem to the show
  • 02:06 – Socedo helps B2B marketers find the relevant prospect on social media
  • 02:37 – “The last 9 months have been all about efficiency”
  • 02:47 – Socedo now has $4K in MRR per month per AE
  • 03:42 – Socedo is now moving away from the outbound and ABM model
  • 03:47 – Socedo targets SMB companies now
  • 04:03 – Socedo has free trials on their website
    • 04:18 – The point is to become a pipeline for their AEs
  • 04:58 – Socedo is helping Pendo’s growth
  • 05:08 – Socedo is looking at moving up their ACV
  • 05:57 – Socedo helps B2B companies cut through the noise
  • 06:24 – On the sales side, Socedo is more focused on selling to B2B as opposed to B2C companies
  • 07:00 – Average MRR
  • 07:23 – Aseem ties employee count to growth
    • 07:45 – The idea of scaling too quickly isn’t really healthy
  • 08:40 – Aseem wants to make sure that their focus is on the right segment of the market
  • 10:00 – Everywhere in SaaS is crowded these days
  • 10:21 – The outbound path is where Sodeco will bump into their competition
  • 10:54 – Sodeco is specifically serving the B2B social media marketers who are underserved individuals
    • 11:20 – Sodeco helps them grow their presence
  • 12:34 – Hootsuite is great for marketers who are managing their content for their audience
  • 13:00 – Sodeco finds and grows the audience by targeting the right prospects on social media
  • 14:44 – The Famous Five

 

3 Key Points:

  1. Scaling up does NOT necessarily mean growing your team.
  2. Even though your market may be crowded, you can find a way to stand out.
  3. Managing your audience is a very different process from growing your audience.

 

Resources Mentioned:

  • Simplero – The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost.
  • The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
  • GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
  • Klipfolio – Track your business performance across all departments for FREE
  • Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
  • Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible
  • Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
  • Show Notes provided by Mallard Creatives

Transcript

Click on a timestamp to play from that location

0:00.0

A seam at Sosito, he's helping B2B folks give really personalized targeted touches,

0:06.0

especially in industries where it's not, you know, a mass market approach.

0:09.2

He's doing it in a very fragmented space.

0:11.8

He's obviously got funding, growing, really focused on having how to use his 25-person team right now to grow revenues past that $200,000 per month mark.

0:19.6

This is the top where I interview entrepreneurs who are number one or number two in their

0:25.4

industry in terms of revenue or customer base.

0:28.9

You'll learn how much revenue they're making, what their marketing funnel looks like,

0:32.7

and how many customers they have.

0:35.6

I'm now at $20,000 per top. Five and six million. He is hell bent on

0:39.6

global domination. We just broke our 100,000 unit sold mark. And I'm your host, Nathan Latka.

0:46.8

Many of you listening right now don't have time to listen to every B2B SaaS CEO that I've

0:51.2

interviewed. If you want to get access to the database I've created with year-over-year growth rates, customer accounts, margins, and many, many other data metrics and data

0:59.1

points, you can go to g-et-l-a-com. Here's the thing, though, this database, I keep it to myself.

1:06.3

It's so freaking valuable. And to preserve the quality of the data and make sure that the people that

1:11.4

have access to it have a true advantage, I'm only letting 10 companies on each month. So we're full this

1:16.8

month, but you can go to getlatka.com to get on the waiting list for next month. And look,

1:20.8

there's big people on the waiting list. I mean, the biggest VCs you've ever heard of,

1:24.3

you've probably heard of them. They're big, private equity, billions and billions under management. So it's an impressive waiting list. Go get on now at Gitlatka.com.

1:32.0

Hello, everyone. My guest today is A Seam Badshaw. He's the founder and CEO of a company called

1:36.9

Sosito, which is a 20-person B2B social media demand generation company backed by Techstar's

1:42.4

Ventures, Vulcan Capital, and Divergent

1:44.6

Ventures.

...

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