SaaS Interviews with CEOs, Startups, Founders

Bootstrapping Through War to $6M ARR: A SaaS Founder Story


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Vlad Malanin, MD, PhD and co-founder of SpeedSize, shares how he scaled an AI-powered media optimization SaaS from $400K to $6M ARR with just 25 employees. SpeedSize helps enterprise and mid-market brands deliver high-quality images and video without sacrificing site performance, serving over 200 global customers.

In this episode, Vlad breaks down SpeedSize's capital-efficient growth strategy, enterprise pricing model, partnership-led GTM motion, and the hard founder decisions required to survive near-zero runway during wartime—while maintaining low churn, strong expansion revenue, and founder control.

NOTES:
  • Founder background

    • Surgeon turned AI scientist and CTO

    • Forbes Technology Council member

    • Ukrainian-Israeli founding team navigating geopolitical risk

  • Company overview

    • AI-powered image and video compression for rich media websites

    • Focus on preserving visual quality while improving load speed

    • Core customers: fashion, apparel, marketplaces, travel, jewelry

  • Revenue & growth

    • $400K ARR in 2022

    • ~$1.5M ARR in 2023

    • ~$3M ARR in 2024

    • ~$6M ARR today

    • 200+ paying customers

    • Low churn with strong net revenue expansion

  • Pricing & ACV

    • Annual contracts only

    • Pricing based on:

      • Data transferred (GB)

      • Number of original assets / SKUs

    • ACV ranges:

      • $10K–$20K (lower mid-market)

      • $50K–$100K (mid-market)

      • Low seven figures (enterprise)

    • Multiple customers paying $100K+ annually

  • GTM & acquisition

    • Minimal reliance on paid ads

    • Partnership-led growth strategy:

      • AWS Premium Partner

      • IBM Cloud partnerships

      • Agency referrals

    • Focus on cloud providers lacking native media optimization

  • Sales motion

    • Land-and-expand strategy

    • Customers grow usage as they adopt richer media (video, animations)

    • Enterprise-focused negotiations vs self-serve SMB motion

  • Team & operations

    • Team downsized from 50 to ~25 for efficiency

    • ~70% engineers

    • High revenue per employee

    • Cash-flow controlled with variable spend levers

  • Capital & fundraising

    • ~$5M total raised (2022–2023)

    • Founders retain 70%+ ownership

    • Pre-Series A

    • Lessons learned from VC-driven spending pressure

  • Crisis management

    • Two months of runway during 2023 war escalation

    • Cash dropped below $300K

    • Founders cut their own salaries first

    • Focused on survival, efficiency, and customer retention

WHAT YOU'LL LEARN Founder Story
  • Transitioning from medicine to AI SaaS

  • Building during war and geopolitical uncertainty

  • Making survival-first leadership decisions

Pricing & Revenue
  • Structuring enterprise SaaS pricing by usage

  • Designing ACV tiers from $10K to seven figures

  • Using land-and-expand to drive ARR growth

GTM & Partnerships
  • Why SpeedSize prioritized partnerships over outbound sales

  • How AWS and IBM partnerships actually work

  • The realities of enterprise marketplace distribution

Acquisition & Retention
  • Why low churn matters more than hypergrowth

  • Enabling customer expansion through product value

  • Avoiding paid ads in favor of scalable channels

Scaling & Operations
  • Downsizing teams without killing momentum

  • Managing cashflow with variable spend

  • Staying capital-efficient while retaining founder control

This episode is a must-watch for SaaS founders, operators, and investors interested in pricing, GTM strategy, retention, capital efficiency, and real founder resilience.

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SaaS Interviews with CEOs, Startups, FoundersBy Nathan Latka

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