4.6 • 683 Ratings
🗓️ 9 October 2023
⏱️ 19 minutes
🧾️ Download transcript
He owned 3 franchises of the Estonian based ride sharing company Bolt which he sold. Using that money, he starting building Binderr in 2020 and just landed his first customer in March 2023. He still owns 50% of the company and as invested over $2m of his own money. Can he hit $1m in ARR this year building a better Quickbooks for Accountants in Malta?
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0:38.5 | Guys, binder.com with two R's on the end does $500 per customer per month today. |
0:44.6 | They have six customers, so 3,000 in monthly recurring revenue. |
0:48.6 | Jacob has invested so far over $2 million of his own money in the business, mainly to pay |
0:53.4 | for the team. |
0:54.2 | There's 18 full-time. |
0:55.2 | He's burning called $100,000 per month, but has a lot of conviction on the vision of what he's |
0:59.0 | trying to build. |
0:59.4 | He got that money, by the way, from his first exit. |
1:01.6 | Now plowing it into binder, which is helping folks that serve, you know, accountants, |
1:05.8 | lawyers, CSPs, and Malta help them service their customers faster in a more automated fashion. |
1:12.2 | They're launching now looking to scale up their customer base, scale up the team, and obviously |
1:16.1 | scale revenue. We'll see what happens next. |
1:19.2 | Hey, folks. My guest today is Jacob Apple. He loves building companies. He had a nice eight-figure |
1:23.9 | exit from Bolt in 2023 and is now building his life's work with a company called |
1:28.2 | B-I-N-D-E-R-R dot com, which helps you automate the workflow of CSPs. All right, Jacob, |
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