4.6 • 683 Ratings
🗓️ 23 January 2024
⏱️ 26 minutes
🧾️ Download transcript
He turned down $20m in 2021 for his Slack competitor, Chanty.com. Today, the company has over 24,000 paying customers and does $3m revenue, profiting $1.2m in 2023. The company is fully bootstrapped. Can he find a sales co-founder willing to hustle hard for 15% equity?
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. |
0:13.5 | 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, cack, 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. |
0:42.3 | Guys, chanty.com is competing with Slack and Loom and Trello. They're trying to be your work productivity app all in one and having success, completely |
0:45.9 | bootstrapped. |
0:46.9 | They got their first customers in 2018, turned on a $20 million acquisition offer in 2021 as |
0:51.8 | they passed $1.5 million bucks of revenue. Today, they're serving over |
0:54.9 | 24,000 to paying customers doing $3 million a year in revenue, really leveraging an affiliate |
1:00.4 | strategy. In fact, one of their largest resellers, which is an India-based reseller, brings in |
1:05.0 | about 250 of their total 500 new customers every month. Those margins on the affiliate deals |
1:10.4 | obviously improve for Chante over time, but they already have great margins. On the $250,000 of top line |
1:15.6 | revenue every month, he's profiting about $100,000 per month, but he's looking for a sales |
1:19.7 | co-founder. A rock star can come in and help him grow the business, willing to give up 15% |
1:23.8 | equity if he can find the right person. We will see what Chante does next. Hey folks, my guest today is Dmitro Oakenyev. He has bootstrapped Chanti from zero to three |
1:33.3 | million bucks in AR trying hard to compete with MS Teams and Slack. Demetro, you ready to take |
1:38.2 | us to the top? Yeah, I guess. A lot of people would say you're crazy. Slack is huge. Microsoft Teams |
1:44.1 | is huge. How are you going to bootstrap and compete? What would you say back to them? |
1:49.3 | Yeah, I can't believe that we made it. Yeah, that's thanks for the, um, our obsessed with our product. And, um, yeah, you you know we still doesn't have |
2:02.4 | self people on the team so it's just pure product that growth mm-hmm when you |
2:07.3 | last came on in 2021 you'd said that you passed about a thousand customers they |
2:11.4 | were each paying about 120 bucks a month so you're doing about 1.5 million in |
2:15.7 | revenue then where are you today so we are around 3 million right now. The customer lifestyle value grew up to the 4.6K and the |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Nathan Latka, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Nathan Latka and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.