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SaaS Interviews with CEOs, Startups, Founders

How he Bootstrapped to $4m In Real Estate SaaS Space

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 28 March 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

Real estate cost estimates.

Transcript

Click on a timestamp to play from that location

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.

0:13.6

If you'd like to subscribe, go to getlatka.com. We've published thousands of these interviews,

0:19.5

and if you want to sort through them quickly by

0:21.8

revenue or churn, cack, valuation, or other metrics, the easiest way to do that is to go to

0:27.4

gitlatka.com and use our filtering tool. It's like a big Excel sheet for all of these

0:31.9

podcast interviews. Check it out right now at getlatka.com.

0:37.7

Titlecapture.com launched back in 2013.

0:40.2

They finished 2021 with $280,000 a month in revenue.

0:43.3

And they've grown nicely 5 to 10% year every year.

0:45.6

The definition of a healthy bootstrapped company, they profit 30% every month.

0:50.6

So on 33,000 bucks a month in top line revenue today, call it 90,000 bucks

0:54.5

worth of profits, which they keep 50% of that in the bank to grow their cash balance. Now over

0:58.3

600,000 bucks. He likes to see three to five months of expenses in the bank to stay safe. Now,

1:03.4

thinking about capital allocation, what can he buy? Can he buy distressed asset to keep growing the

1:07.4

company? He's got the team to do at 35 folks, 10 engineers as they look to continue to scale in a bootstrapped way.

1:13.7

Hey folks, my guest today is Alex Simani's co-founder of titlecapture.com where they helped US

1:18.4

title agents, real estate agents, and loan officers provide hyper-accurate cost estimates to home

1:23.1

buyers and sellers. The company was founded in 2013, 100% bootstrapped and now doing almost

1:27.3

$4 million in ARA. He's got personal skills and background, including product to design and sellers. The company was founded in 2013, 100% bootstrapped and now doing almost 4 million

1:27.8

in ARA. He's got personal skills and background, including product to design and marketing.

1:33.1

Alex, you ready to take to the top?

1:36.3

Yeah, I'm really thankful for being on your podcast, Nathan.

...

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