Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
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Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#2Hey guys,
My name is Mike. I'm co-founder and product at Everhour.
I'd be happy to answer your questions if any. Feel free to ask here or on Medium.
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#3Hey guys, My name is Mike. I'm co-founder and product at Everhour. I'd be happy to answer your questions if any. Feel free to ask here or on Medium.
What's the venture capital market like in Belarus? What kind of options are there for a growing SaaS business, in regards to either angel investors or traditional venture capital firms?
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#4Congratulations on your success. Have you ever worried about VC funded competitors doing what you are doing?
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#5Congratulations on your success. Have you ever worried about VC funded competitors doing what you are doing?
Thanks!
I did not study 100% of our competitors, but the most known like Toggl, Harvest or Hubstaff did not get investments. Perhaps only some small amount on seed round.
I continue to believe that VC money needed for explosive growth. We believe that it is a little too early for us. We are still continuing to pay a lot of attention to the product, communication with our customers, finding our product/market fit and not marketing. Our current revenue is enough for this.
And no, we are not nervous about our competitors :)
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#6I don't see the point of this, is just content marketing.
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#7Hey guys, My name is Mike. I'm co-founder and product at Everhour. I'd be happy to answer your questions if any. Feel free to ask here or on Medium.
What's the venture capital market like in Belarus? What kind of options are there for a growing SaaS business, in regards to either angel investors or traditional venture capital firms?
Generally speaking, the are no VC is Belarus.
However, we do have some great success stories (e.g. AIMatter (was acquired by Google), MSQRD (was acquired by Facebook)).
Most promising startups incorporate in US from day one and raise money there. In addition, there are number of funds in Russia or Ukraine.
In other words, if you have an interesting idea, you will find money or money will find you :)
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#8Huge congrats to you guys. I've been using your product for at least two years now for a particular client and they seem very happy with it (especially the pivotal and chrome integration). Keep up the great work guys!
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#9I don't see the point of this, is just content marketing.
You do not see the point in the article?
Products never start with $1M revenue. It is a certain bar. And to be honest it is hard. In the article we share our experience, what decisions we made, what worked for us etc.
I think that for many entrepreneurs it might be useful.
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#10Huge congrats to you guys. I've been using your product for at least two years now for a particular client and they seem very happy with it (especially the pivotal and chrome integration). Keep up the great work guys!
Many thanks. I am very pleased there are people on HN who heard about us (we are still such a small company). This means that we are doing something important. Will keep doing our best.