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SaaS Interviews with CEOs, Startups, Founders

Was my $22m ARR bootstrapped good enough? I felt pressure to be a unicorn, tried, and failed miserably

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 30 April 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

Adam Robinson had a 6 person team doing $10m in ARR. Then he went all in on linkedin, pivoted to B2B, and broke $20m in ARR. He did $1,858,399 MRR in Jan 2024 and profited $509,984. Can he break $5m in profits this year?

Transcript

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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.

0:38.9

This is our January P&L.

0:40.5

We actually got to 12 million with six people.

0:43.7

Well, I mean, I paid myself $4 million last year.

0:46.8

Pirate domain burning email strategy that you can do.

0:53.3

All right, what are we got? Okay, so the ringer's turned off. Let's go. Okay. Question for the crowd. How many people here have ever been stuck? Come on. I mean, this is my experience as an entrepreneur. It's just getting stuck and getting unstuck. So how many people have been stuck and gotten unstuck?

1:14.8

That's really good.

1:15.8

And then how many people are stuck right now?

1:19.1

I mean, when I was stuck, and I still am, by the way, my hand is up.

1:22.7

I was coming to these things all the time, like trying to figure out what to do next.

1:27.1

So I've been on

1:28.1

this entrepreneurial journey for 11 years and I started this company that's

1:31.8

now 22 million ARR four years ago and before that I was stuck at 3 million

1:37.6

ARR for four years I had a company called Robly email marketing in Ryan

1:42.9

Alice space actually it was an email newsletter app and couldn't get it going there was a company called Robly email marketing in Ryan Alice's space, actually, it was an

1:44.3

email newsletter app, and couldn't get it going.

1:47.6

There was this company called MailChimp that was just like decimating everybody.

1:50.9

And look, the feeling of desperation in reaching for any type of information that would help me grow

1:57.7

it was all that I was doing. I had this weird feeling of inadequacy.

2:03.2

Like, is this the biggest startup that I can create?

...

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