So out of nowhere, people wanted use your product because you outstand as a way way different product? How is it much different than Jira with few plugins?
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
#42Earlier quoted context omitted.
probably works in Belarus where you pay people peanuts, and everything is cheap, also lots of lots of people lie about revenue to get attention.
I can not agree. Salary of an engineer here is $3000-4000 per month (after tax calculation). Still less than in USA, but I can not call it a trifle. As for our revenue, I told the truth. If you do not believe it, well, I will not persuade you. I think a knowledgeable person can check math. BTW, in the article I attached a screenshot from our analytics platform (ProfitWell). What caused your distrust?
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#43Huge congratulations! I noticed there was a constant revenue at 20K MRR but then starting January 2017 it picked up in growth. How did that happen?
The hardest thing is that we could not learn it without failing. We got it only after we showcased the product to the market and after talking to hundreds of customers.
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#44Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#45Hey 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.
FTA: > 5) The advantages of annual billing How do you encourage customers to choose annual billing?
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#46Browser extensions are underrated, and ideal for such use cases! More people should consider it as part of their tech arsenal. Congrats!
But there are some difficulties. For example, sometimes our customers do not understand that the extension is needed and delete it :) Or, for example, they have several computers and on each, they need to install our extension. And they simply forget it.
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#47Huge congratulations! I noticed there was a constant revenue at 20K MRR but then starting January 2017 it picked up in growth. How did that happen?
Not an easy question. I think I can write a separate blog post about it. But generally speaking, we completely redid the whole system. In the beginning, we did not understand correctly what customers really need, and our architecture did not allow us to make this "pivot". The hardest thing is that we could not learn it without failing. We got it only after we showcased the product to the market and after talking to h…
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#48Hey 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
#49So out of nowhere, people wanted use your product because you outstand as a way way different product? How is it much different than Jira with few plugins?
Such platforms as Asana or Trello or Basecamp converts much better. Yes, there were other solutions, but our clients decided that we are better. And objectively we offer some very unique and competitive benefits.
Re: Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money
#50Earlier quoted context omitted.
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 :)
Can’t believe you didn’t mention wargaming they are actually a unicorn.
TargetProcess, PandaDoc, FriendlyData, Eightydays.me, Maps.me (was acquired by Mail.Ru Group), SplitMetrics etc. Plus the biggest company is Epam (Market Cap, 7.406B).