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SaaS Interviews with CEOs, Startups, Founders

EP 535: He's 24 yo Founder, Now VC at Hummingbird

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 10 January 2017

⏱️ 18 minutes

🧾️ Download transcript

Summary

Dominik Vacikar. He is currently an Associate at Hummingbird VC, but was previously the co-founder of Spaceship and some other startups, including Growth at Nestpick. Listen as Dominik gives us an inside look at the workings of Spaceship and why he was chosen by Hummingbird for a very specific task. 

Famous Five:

  • Favorite Book? – Zero to One
  • What CEO do you follow? –  N/A
  • Favorite online tool? — Stripe
  • Do you get 8 hours of sleep?— No
  • If you could let your 20-year old self, know one thing, what would it be? – Dominik wishes he wasn’t so hard on himself, so long as he was progressing

 

Time Stamped Show Notes:

  • 01:35 – Nathan introduces Dominik to the show
  • 02:00 – Spaceship started as a side project when Dominik had their lead generation tool in social media
  • 03:02 – Dominik shares how Spaceship works
    • 03:18 – Spaceship searches your entire target audience and provides you with prospect data
  • 03:35 – Spaceship is pay-as-you go
  • 03:51 – 10% of Spaceship’s customers are on a monthly plan
  • 04:10 – Spaceship was launched in October 2015
  • 04:30 – 2015 revenue
  • 04:55 – Current total revenue
  • 05:12 – Dominik shares why he turned to Hummingbird
  • 06:33 – Spaceship was bootstrapped
  • 06:52 – Spaceship’s current team size
  • 07:20 – Dominik has been with Hummingbird for 2 months
  • 07:30 – Hummingbird wants Dominik to build a radar for startups
    • 07:54 – The radar will track interesting companies and identify them
  • 08:29 – Dominik shares how their product is different from Crunchbase
  • 09:31 – Dominik shares the variables they use to identify the startups
  • 10:30 – The current biggest problem is updating the data as frequently as possible
  • 11:45 – Hummingbird is good at identifying the funders’ DNA
  • 12:08 – Hummingbird’s main area of expertise
  • 13:00 – Hummingbird might be interested in a Series A
  • 13:21 – Hummingbird’s ARR target
  • 14:05 – Nathan asks Dominik about Spaceship’s founder
  • 14:37 – Dominik is active on Twitter and LinkedIn
  • 16:10 – The Famous Five

 

3 Key Points:

  • Growth comes in many forms—sometimes from within your own company or from the help of others.
  • Develop your expertise by drawing knowledge from other fields and markets.
  • Your progress determines your future and YOU set the pace.

 

Resources Mentioned:

  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
  • Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel
  • Toptal – Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to the quality of Toptal
  • 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.
  • 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
  • Jamf – Jamf helped Nathan keep his Macbook Air 11” secure even when he left it in the airplane’s back seat pocket
  • @chichikid – Dominik’s Twitter handle
  • LinkedIn – Dominik’s LinkedIn account
  • Show Notes provided by Mallard Creatives

Transcript

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0:00.0

This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.

0:09.0

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

0:16.0

I'm now at $20,000 per talk.

0:18.0

Five and six million.

0:19.0

He is hell-bent on global domination.

0:21.2

We just broke our 100,000 unit sole mark.

0:23.9

And I'm your host, Nathan Latka.

0:28.4

Okay, Top Tribe, this week's winner of the Hunter Bucks is Daniel Al-Soudini.

0:32.9

He's based overseas.

0:35.3

He's an employee at a current company and can't wait to break free.

0:39.3

For your chance to win 100 bucks, top tribe, simply subscribe to the podcast now and then text

0:44.3

the word Nathan to 3344 to prove that you did it.

0:48.2

Again, text the word Nathan to 33444 to prove that you did it.

0:53.0

I give away 100 bucks every Monday. Folks, many of you reach out to me and you did it. I give away $100 bucks every Monday.

0:56.0

Folks, many of you reach out to me and you say, Nathan, so many guests on your show

0:59.5

talk about the importance of batching.

1:01.4

But whenever I try and batch, you tell me this.

1:03.3

You go, Nathan, they don't book back-to-back times.

1:05.5

So you, or they don't show up after they book.

1:07.8

It's frustrating.

1:08.8

The answer is, guys, you have to use smart tools.

1:16.2

I use a tool called Acuity Scheduling at Nathanlacka.com forward slash schedule. I'll tell you specifically how I use it later on in the episode. This is episode 535. Coming up tomorrow morning,

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