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SaaS Interviews with CEOs, Startups, Founders

Bootstrapped doing $2.4m Revenue, $600k Cash in bank, helps retailers manage inventory

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 2 August 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

$50k Profit Last Month: We don’t celebrate these stories enough. Launched in 1993, this founder bought out his co-founder and has been slow and steady at $2.5m ARR supporting 80 customers. With huge profits, he’s built a wonderful life with total freedom!

Transcript

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0:00.0

You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom.

0:10.2

If you'd like to subscribe, go to getlatka.com. We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, cack, valuation, or other metrics,

0:22.2

the easiest way to do that is to go to gitlatka.com and use our filtering tool.

0:26.7

It's like a big Excel sheet for all these podcast interviews.

0:29.7

Check it out right now at gitlatka.com.

0:34.5

As antusa.com was launched to help retailers manage skews and inventory back in 1993.

0:39.6

He launched the SaaS platform, just to call it 2019.

0:44.1

Now today doing $200,000 a month in revenue, of which $160,000 of that is true recurring.

0:49.2

The other sort of one-time services that turn into recurring over time, he's serving 80 customers

0:53.7

to help them manage again.

0:54.8

The inventory, there are thousands of skews. There are millions of different combinations to make

0:58.9

sure that they can keep making money like he's doing. He's profiting caught 50-ish thousand dollars per

1:04.0

month in revenue, completely bootstrapped with the team of 16. Got a great war chest, 600,000 cash

1:10.2

in the bank and his total expenses every month

1:11.7

is just 150,000 bucks, much less than his revenue. This is the kind of founder we love.

1:17.2

Hey folks, my guest today is Dimitri Goykman. He is a Queens College MIT course. Six started

1:22.3

this company in 1992 for freedom and profit, which we love. He's bootstrapped never took outside capital, still work for living his very hands-on.

1:31.6

He's now building antusa.com, which is merchandise planning for retail chains.

1:37.2

Dimitri, you ready to take us to the top?

1:38.9

Sure.

1:39.8

All right.

1:40.7

Now, how did you get into this space?

...

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