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Growing from 0 to 300k MRR
as a self funded Saas business
What I've learned about growth, funding and
how to set priorities
Key Learning #1
Patience
This is how looooong and painful it’s been
“Get ready for the
long, slow Saas
ramp of death”
Gail Goodman
bit.ly/slow-saas
Founder of Constant Contact
Key Learning #2
Persistence
Key Learning #3
VC Funding is NOT for everyone
1. You value your freedom and independence
more than you value becoming rich
2. You seek advice and guidance more than you
seek money
3. You operate (or plan to operate) in a crowded
space
4. What turns you on is to build a sound,
profitable business
5. You don’t have BIG dreams from Day One
6. You don’t REALLY need the money to keep
going
7. You have not yet figured out your growth levers
(or worse, you’re not sure you have one)
8. You’ve grown your business organically so far
9. You are not 100% sure about how to spend the
money raised in an efficient manner
“9 compelling
reasons not to
raise VC money”
Find it on Medium
bit.ly/no-vc
Key Learning #4
Remote is NOT a fantasy land
“pro-remote”
content is all over
the web
Hint: this is misleading
But choosing
remote is an
utterly
challenging path
1. On-boarding new team members in a remote
environment doubles or triples their learning curve
2. Communication is much more complicated
3. As a team leader, you have to be super disciplined, have
clear processes, document everything, it’s counter
intuitive with early stage needs
4. The high velocity pace small teams need to win is near
to impossible, everything takes a LOT more time in a
remote environment.
5. From our experience, it can work well for support and
marketing jobs, it’s far from ideal for product teams
(PM, UI/UX and developers) as it slows your product big
time.
Key Learning #5
Work / life balance is a mirage
Is this your dream
life?
Forget about it
As a startup
founder, this is
what you need to
be great at
1. Leadership
2. Product
3. Customer support / success
4. Finance / projections / accounting
5. Business development / growth
6. Sales
7. Hiring / coaching / mentoring / culture
8. Networking
9. Analytics / metrics / KPI tracking
10. Personal growth
11. Staying in shape
12. Taking good care of your family
13. Keeping some friends around you
All in 4 hours a week?
Really?
Key Learning #6
Leadership is tough and crucial
Read this one
book
If you only read one book about
leadership, read this one
Key Learning #7
Setting priorities is key (and hard)
Setting priorities
right will make or
break your startup
Ask yourself, every day,
“is this the ONE thing I
should be doing now?”
Setting priorities
for your (growing)
team is even more
important
Everyone has his/her own
agenda. If you don’t align
every team member
behind the right goals,
you’re f***
Key Learning #8
Hiring “right” is tough, very tough
Do the job yourself
until you’re about
to die, then hire
The biggest (and most
expensive) mistake a self
funded business can make
is hiring for a job that’s
not “vital” or well defined.
If in doubt, only
hire for customer
facing positions
You can thrive without lead
gen, ads, pixel perfect
design, email copies, an
active social media
presence…
You CAN’T thrive without
top notch customer support
Key Learning #9
Reinvent everything, all the time
What worked 6
months ago is
probably not
working anymore
Key Learning #10
The right tool can make a difference
We use 30+ tools
Too many? If a 99/month tool can
save 1 hour a day to 1 team
member, it’s a no brainer (sorry
DHH ;-)
bit.ly/saas-tools
Receptive.io
The best system to manage and
prioritize feature requests
Salesmachine.io
The best system to build a
customer success framework
Supporthero.io
The best system to offer top notch
self help support and reduce
redundant support tickets

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Growing from 0 to 300k MRR as a self-funded SaaS business - what I've learned about growth, funding & how to set priorities

  • 1. Growing from 0 to 300k MRR as a self funded Saas business What I've learned about growth, funding and how to set priorities
  • 3. This is how looooong and painful it’s been
  • 4. “Get ready for the long, slow Saas ramp of death” Gail Goodman bit.ly/slow-saas Founder of Constant Contact
  • 6.
  • 7. Key Learning #3 VC Funding is NOT for everyone
  • 8. 1. You value your freedom and independence more than you value becoming rich 2. You seek advice and guidance more than you seek money 3. You operate (or plan to operate) in a crowded space 4. What turns you on is to build a sound, profitable business 5. You don’t have BIG dreams from Day One 6. You don’t REALLY need the money to keep going 7. You have not yet figured out your growth levers (or worse, you’re not sure you have one) 8. You’ve grown your business organically so far 9. You are not 100% sure about how to spend the money raised in an efficient manner “9 compelling reasons not to raise VC money” Find it on Medium bit.ly/no-vc
  • 9. Key Learning #4 Remote is NOT a fantasy land
  • 10. “pro-remote” content is all over the web Hint: this is misleading
  • 11. But choosing remote is an utterly challenging path 1. On-boarding new team members in a remote environment doubles or triples their learning curve 2. Communication is much more complicated 3. As a team leader, you have to be super disciplined, have clear processes, document everything, it’s counter intuitive with early stage needs 4. The high velocity pace small teams need to win is near to impossible, everything takes a LOT more time in a remote environment. 5. From our experience, it can work well for support and marketing jobs, it’s far from ideal for product teams (PM, UI/UX and developers) as it slows your product big time.
  • 12. Key Learning #5 Work / life balance is a mirage
  • 13. Is this your dream life? Forget about it
  • 14. As a startup founder, this is what you need to be great at 1. Leadership 2. Product 3. Customer support / success 4. Finance / projections / accounting 5. Business development / growth 6. Sales 7. Hiring / coaching / mentoring / culture 8. Networking 9. Analytics / metrics / KPI tracking 10. Personal growth 11. Staying in shape 12. Taking good care of your family 13. Keeping some friends around you All in 4 hours a week? Really?
  • 15. Key Learning #6 Leadership is tough and crucial
  • 16. Read this one book If you only read one book about leadership, read this one
  • 17. Key Learning #7 Setting priorities is key (and hard)
  • 18. Setting priorities right will make or break your startup Ask yourself, every day, “is this the ONE thing I should be doing now?”
  • 19. Setting priorities for your (growing) team is even more important Everyone has his/her own agenda. If you don’t align every team member behind the right goals, you’re f***
  • 20. Key Learning #8 Hiring “right” is tough, very tough
  • 21. Do the job yourself until you’re about to die, then hire The biggest (and most expensive) mistake a self funded business can make is hiring for a job that’s not “vital” or well defined.
  • 22. If in doubt, only hire for customer facing positions You can thrive without lead gen, ads, pixel perfect design, email copies, an active social media presence… You CAN’T thrive without top notch customer support
  • 23. Key Learning #9 Reinvent everything, all the time
  • 24. What worked 6 months ago is probably not working anymore
  • 25. Key Learning #10 The right tool can make a difference
  • 26. We use 30+ tools Too many? If a 99/month tool can save 1 hour a day to 1 team member, it’s a no brainer (sorry DHH ;-) bit.ly/saas-tools
  • 27. Receptive.io The best system to manage and prioritize feature requests
  • 28. Salesmachine.io The best system to build a customer success framework
  • 29. Supporthero.io The best system to offer top notch self help support and reduce redundant support tickets