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SaaS Interviews with CEOs, Startups, Founders

Bootstrapping Through War to $6M ARR: A SaaS Founder Story

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Entrepreneurship, Business

4.6683 Ratings

🗓️ 17 December 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Vlad Malanin, MD, PhD and co-founder of SpeedSize, shares how he scaled an AI-powered media optimization SaaS from $400K to $6M ARR with just 25 employees. SpeedSize helps enterprise and mid-market brands deliver high-quality images and video without sacrificing site performance, serving over 200 global customers.

In this episode, Vlad breaks down SpeedSize's capital-efficient growth strategy, enterprise pricing model, partnership-led GTM motion, and the hard founder decisions required to survive near-zero runway during wartime—while maintaining low churn, strong expansion revenue, and founder control.

NOTES:

  • Founder background

    • Surgeon turned AI scientist and CTO

    • Forbes Technology Council member

    • Ukrainian-Israeli founding team navigating geopolitical risk

  • Company overview

    • AI-powered image and video compression for rich media websites

    • Focus on preserving visual quality while improving load speed

    • Core customers: fashion, apparel, marketplaces, travel, jewelry

  • Revenue & growth

    • $400K ARR in 2022

    • ~$1.5M ARR in 2023

    • ~$3M ARR in 2024

    • ~$6M ARR today

    • 200+ paying customers

    • Low churn with strong net revenue expansion

  • Pricing & ACV

    • Annual contracts only

    • Pricing based on:

      • Data transferred (GB)

      • Number of original assets / SKUs

    • ACV ranges:

      • $10K–$20K (lower mid-market)

      • $50K–$100K (mid-market)

      • Low seven figures (enterprise)

    • Multiple customers paying $100K+ annually

  • GTM & acquisition

    • Minimal reliance on paid ads

    • Partnership-led growth strategy:

      • AWS Premium Partner

      • IBM Cloud partnerships

      • Agency referrals

    • Focus on cloud providers lacking native media optimization

  • Sales motion

    • Land-and-expand strategy

    • Customers grow usage as they adopt richer media (video, animations)

    • Enterprise-focused negotiations vs self-serve SMB motion

  • Team & operations

    • Team downsized from 50 to ~25 for efficiency

    • ~70% engineers

    • High revenue per employee

    • Cash-flow controlled with variable spend levers

  • Capital & fundraising

    • ~$5M total raised (2022–2023)

    • Founders retain 70%+ ownership

    • Pre-Series A

    • Lessons learned from VC-driven spending pressure

  • Crisis management

    • Two months of runway during 2023 war escalation

    • Cash dropped below $300K

    • Founders cut their own salaries first

    • Focused on survival, efficiency, and customer retention


WHAT YOU'LL LEARN

Founder Story

  • Transitioning from medicine to AI SaaS

  • Building during war and geopolitical uncertainty

  • Making survival-first leadership decisions

Pricing & Revenue

  • Structuring enterprise SaaS pricing by usage

  • Designing ACV tiers from $10K to seven figures

  • Using land-and-expand to drive ARR growth

GTM & Partnerships

  • Why SpeedSize prioritized partnerships over outbound sales

  • How AWS and IBM partnerships actually work

  • The realities of enterprise marketplace distribution

Acquisition & Retention

  • Why low churn matters more than hypergrowth

  • Enabling customer expansion through product value

  • Avoiding paid ads in favor of scalable channels

Scaling & Operations

  • Downsizing teams without killing momentum

  • Managing cashflow with variable spend

  • Staying capital-efficient while retaining founder control


This episode is a must-watch for 
SaaS founders, operators, and investors interested in pricing, GTM strategy, retention, capital efficiency, and real founder resilience.

Transcript

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0:00.0

You obviously went through a crazy story here. What's the closest you came to running out of money?

0:04.2

We were less than two months of the runway. Some people were drafted to the army. There was the

0:10.6

ongoing war in Ukraine where our R&D stays. So we were panicking. The first decision we made is

0:17.0

even before that happens, we stopped all the salaries to both of the founders.

0:21.9

Like, enables your built-in mechanism of survival because you know that, okay, they may have no salary in two months, but we do not have it already today.

0:30.2

You're doing about $6 million of revenue.

0:32.0

If someone came and offered you a Forex multiple today, so $24 million all cash up front to sell the business. Do you take the deal?

0:38.2

100% enough. It's definitely worth way more than that.

0:41.6

Hey folks. My guest today is Vlad Malinen. He's an MD PhD and is a surgeon turned AI

0:47.0

scientist and CTO. Co-founder of speed size today, which is an award-winning startup,

0:52.2

transforming media optimization, think metadata,

0:55.2

for 200 plus global brands. He blends tech, neuroscience, and real-world impact together and is a

1:00.8

Forbes Technology Council member shaping the future of AI. Glad, you ready to take us to the top?

1:05.6

Yeah. All right. So give me a sense or two, what speed size does?

1:22.8

So speed size basically does something that is in one and two sentence, we do AI media compression, even one sentence.

1:28.5

Yeah, AI media compression, guys, to translate that for those who that are not neuroscientists,

1:30.6

we all visit websites with e-commerce brands.

1:34.2

More now than ever, these e-commerce brands are not using just still images.

1:40.2

They're using rotating, you know, animated graphics for products or things that change colors when people scroll or things like that.

1:42.4

It appears Vlad is helping make sure those pages

1:44.9

continue to load fast. Vlad, is that accurate? Yeah, it is. Because the more we live, the bigger

1:51.1

data becomes, especially the modern rich media websites with a lot of videos. And as you mentioned,

...

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