Re:How we bootstrapped our SaaS to $1M ARR
by daolf on Friday January 21, 2022 @10:55AM
(#30025250)
So to be honest, we ran the math and never actually spent TinySeed money.
We could have mathematically made without it.
But three things to consider here:
- TS money multiplied our runway by 10 and really reduced the amount stress we've experienced. Especially with COVID, during which we experienced our first negative growth month
- We were able to finally pay ourselves above minimum wage (1,500$)
- The mentoring and advices which came out of the program, really made the whole difference.
Where we live, the startup ecosystem is basically 0, we don't know a lot of startup funders or experienced entrepreneur. It changes everything when you can ask a precise question about business and get a response from an expert in the next 6 hours.
We had call with mentors and other member of the community, basically a one hour free consulting with an expert, about SEO, copywriting, recruiting, sales, growth, and marketing and THIS does move the needle a lot.
We could have mathematically made without it.
But three things to consider here:
- TS money multiplied our runway by 10 and really reduced the amount stress we've experienced. Especially with COVID, during which we experienced our first negative growth month
- We were able to finally pay ourselves above minimum wage (1,500$)
- The mentoring and advices which came out of the program, really made the whole difference.
Where we live, the startup ecosystem is basically 0, we don't know a lot of startup funders or experienced entrepreneur. It changes everything when you can ask a precise question about business and get a response from an expert in the next 6 hours.
We had call with mentors and other member of the community, basically a one hour free consulting with an expert, about SEO, copywriting, recruiting, sales, growth, and marketing and THIS does move the needle a lot.