939 How he Bootstrapped To $15m in ARR Before $20m Round from IVP
SaaS Interviews with CEOs, Startups, Founders
Nathan Latka
4.6 • 683 Ratings
🗓️ 18 February 2018
⏱️ 19 minutes
🧾️ Download transcript
Summary
Chris Hall, the CEO of Bynder has grown his company to over 200 employees with six international offices in just 3 years. He first conceptualized Bynder in 2010, while working to establish a web development company, Label A (still in business). In 2012, the Bynder was incorporated and by early 2013 had a license for business.
Chris is an entrepreneur at heart, has successfully setup and scaled multiple SaaS companies, Bynder being most notable to date. Chris built these companies on the belief that young people, with the right attitude and coaching can achieve great results. Chris is currently a coach and mentor for young entrepreneurs, interested in tech and startups.
Transcript
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| 0:00.0 | This is the top entrepreneurs podcast where founders share how they started their companies and got |
| 0:06.9 | filthy rich or crash and burn. Each episode features revenue numbers, customer counts, and other |
| 0:16.1 | insider information that creates business news headlines. We went from a couple hundred thousand dollars to two point seven million. |
| 0:23.6 | I had no money when I started the company. |
| 0:25.6 | It was a hundred and sixty million dollars which is the size of any IPOs. |
| 0:29.6 | We're a bit strapped. |
| 0:30.6 | We have like 22,000 customers. |
| 0:33.6 | With over five million downloads in a very short amount of time, major outlets like Inc are calling us the fastest growing business show on iTunes. |
| 0:43.6 | I'm your host, Nathan Latka, and here's today's episode. |
| 0:48.6 | Hello, everyone. |
| 0:49.6 | My guest today is Chris Hall. |
| 0:51.8 | He's the CEO of a company called Binder, which has grown, and he's grown the company to over 200 employees with six international offices in just three short years. |
| 0:59.0 | He first conceptualized the idea in 2010 while working to establish a web development company, Label A, which is still in business. |
| 1:05.0 | In 2012, the binder was incorporated and by early 2013 had a license for business. Chris, are you ready |
| 1:11.8 | to take us to the top? Yeah. All right. What is binder and what's your business model? How do you |
| 1:16.4 | make money? Well, it's we're a SaaS company, software as a service, and we are solving the problem |
| 1:24.4 | that the marketing departments are experiencing, they can't find their files. |
| 1:28.8 | So we're basically solving the ageal problem, going through subfolders and searching |
| 1:34.1 | everywhere on your local drives and network drives to find imagery or logos or the right |
| 1:39.6 | version of the right file. |
| 1:40.8 | Yeah, this is like the marketing person just finished the demo call, the person said, yes, send the proposal. And they're like, shit in their Google drive, trying to find the right file. Yeah, this is like the marketing person just finished the demo call, the |
| 1:44.2 | person said, yes, send the proposal. |
... |
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