SaaS Interviews with CEOs, Startups, Founders

867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR


Listen Later

After receiving his MBA from Stanford, Steven Benson worked in Sales at IBM, HP and Google where he was Google Enterprise's Top Sales Executive in 2009. In 2012 Steven founded Badger Maps, the #1 Sales App in the Apple App Store, which helps Field Sales People be more successful.

How do you put touch on such a low price point?

The sales cycle is quick, about 3 weeks, so we're able to put touch on most free trials even though starting price point is $35 a seat.

Marketing, Sales, and customer success all tied together but manage themselves in pods. There is no variable comp, including the sales roles. Everyone is on salary and everyone owns equity so they can take part in upside.

What is revenue growth?

Back in December 2016 we were doing $130k, now in August 2017 we're at about $180k in MRR so about 80% yoy growth rate.

We're using bank debt, 19% interest rate with LighterCapital, to fund growth because its non dilutive.

In July 2017 spent about $15k on paid marketing. Has sales team of 30 that works those leads and makes up larger part of cost structure.

Are you cash flow positive? (Minute 17)

Yes because we're pulling cash forward in the form of multi year deals. We incentivize this by giving customers a 20% discount.

Favorite business book is Predictable Revenue.

I'm following Jason Lempkin at SaaStr.

My favorite online tool is gmail.

Steven has no kids, gets 7 hours of sleep and is currently 39. He wishes his 20 year old self would choose a career path that he enjoyed, that their are jobs in, and that he was good at.

Connect with Nathan:

Website

Twitter

Facebook Page

Snapchat

Instagram

...more
View all episodesView all episodes
Download on the App Store

SaaS Interviews with CEOs, Startups, FoundersBy Nathan Latka

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

637 ratings


More shows like SaaS Interviews with CEOs, Startups, Founders

View all
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

539 Listeners

The Knowledge Project by Shane Parrish

The Knowledge Project

2,686 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,103 Listeners

Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

Marketing School - Digital Marketing and Online Marketing Tips

1,262 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,346 Listeners

Founders by David Senra

Founders

2,198 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,987 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

233 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,484 Listeners

My First Million by Hubspot Media

My First Million

2,665 Listeners

Acquiring Minds by Will Smith

Acquiring Minds

279 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

211 Listeners

Moneywise by Hampton

Moneywise

646 Listeners

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner by Chris Koerner

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner

258 Listeners

David Senra by Scicomm Media

David Senra

228 Listeners