4.6 • 683 Ratings
🗓️ 13 February 2024
⏱️ 13 minutes
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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. |
0:13.5 | 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, cac, valuation, or other metrics, the easiest way to do that is to go to gitlatka.com and use our filtering tool. |
0:30.0 | It's like a big Excel sheet for all of these podcast interviews. Check it out right now at gitlatka.com. |
0:38.5 | As bundletech.io launched Middle of 20203, they help you launch your affiliate program and |
0:43.8 | manage partners using software. |
0:45.3 | He's got 30 folks on the beta list, signed up a bunch of them from Sastry, closed |
0:48.6 | one million of his 1.4 million pre-seed round. |
0:51.2 | That's at a 7 million valuation. |
0:53.0 | So selling about 20% to the company. |
0:54.7 | They're burning just 30 grand a month right now all in. Again, they're pre-revenue, but plenty of |
0:58.2 | runway with himself, his co-founder, who he gave a CTO, who gave a 40% equity to and other |
1:03.9 | employees own 10% for engineers, 2 to 3 are part-time. We're going to move them over to full time as they get to revenue. He's hoping to charge about a grand per month for the software to these 30 beta users when it launches. We'll see if he can get it done. |
1:14.9 | Hey, folks. My guest today is David Walsh. He's a three-time founder with 10 years of experience as a startup, |
1:19.9 | leader, angel, investor, and serial entrepreneur. Loves building companies, taking them from zero to one. Now working on bundle tech.io if you want to follow along. It's a B2B |
1:27.5 | referral software for SaaS. David, you ready to take us to the top? |
1:31.7 | Yeah, absolutely. Thanks for having me. |
1:33.2 | You do have like a nightmare affiliate situation at a past company and that's I got the |
1:36.6 | idea for this or what? |
1:38.9 | That's a great starting point. Yeah, I launched a referral program in two separate |
1:42.4 | companies, one back in 2018 and it was all Excel spreadsheets, email marketing, and I was like, this needs to be improved. |
1:50.6 | What needed to be improved? |
1:52.0 | I mean, so many times founders think I got to build this out and then Excel wins long term because it's just the thing that's always there and it works. |
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