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Fitbots

12 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Aug 21, 2022 by Vidya Santhanam · said 22 times in 1 episodes since 2022 · across every show →

Mentions by year

brought up most by Nathan Latka (21), Vidya Santhanam (1)

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2022 22 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Fitbots, oldest first

Aug 21, 2022
Disclosure
Fitbots bootstrapped for two years to learn capital efficiency before raising pre-seed
“Yeah, we were bootstrapped for about two years, Nathan, the first two years, and then so we really learned how to use capital efficiently, and we raised our pre-seed round in 2020.”
Vidya Santhanam Aug 21, 2022 ▶ 6:47 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022 neutral
Assertion Not checkable as stated
Fitbots averages a $6,000 annual contract value, or $500 monthly
“The annual contract value is about 6000 ACVs. So it's about 500 dollars.”
Vidya Santhanam Aug 21, 2022 ▶ 3:07 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022 neutral
Assertion Not checkable as stated
Fitbots generated 55 trials and 15 high-quality demos in a single month
“We had about 40 around 55 trials and about 15 high-quality demos which came in.”
Vidya Santhanam Aug 21, 2022 ▶ 10:10 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022
Disclosure
Fitbots skipped Google Ads for content-led lead generation due to budget constraints
“We actually didn't do Google ads at all. We didn't have the money at that point of time to spend on ads. So we just started building a lot of content led lead generation as an engine and in order to get leads.”
Vidya Santhanam Aug 21, 2022 ▶ 7:46 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022
Assertion Not checkable as stated
Fitbots ended the previous calendar year at $14k in monthly recurring revenue
“We closed the year last year, we closed the year at 14 K, so we're probably doing a little less than that.”
Vidya Santhanam Aug 21, 2022 ▶ 6:37 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022
Disclosure
Fitbots is currently seeking a lead investor to raise $2M to $3M
“So we're looking to raise about two to three million at the moment.”
Vidya Santhanam Aug 21, 2022 ▶ 12:04 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022
Assertion Not checkable as stated
Fitbots hit $25k MRR from 50 customers paying $500 per month
“Yeah, you're absolutely correct.”
Vidya Santhanam Aug 21, 2022 ▶ 6:15 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022
Assertion Not checkable as stated
Founders ran 1,000 meetings as OKR coaches while building Fitbots product
“So we got certified as OKR coaches, coached about six, 50 plus teams, ran about a thousand plus check-in meetings and built the product as we were close to users.”
Vidya Santhanam Aug 21, 2022 ▶ 4:22 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022 neutral
Assertion Not checkable as stated
Fitbots raised a $250k pre-seed funding round at a $2M valuation
“That was at two, two million.”
Vidya Santhanam Aug 21, 2022 ▶ 10:42 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022 neutral
Assertion Not checkable as stated
Fitbots co-founders split company equity 50-50 at founding
“Yeah, we're friendly, and we split fifty-fifty.”
Vidya Santhanam Aug 21, 2022 ▶ 11:23 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022
Insight
Santhanam on why enterprise software requires hands-on coaching alongside the product
“The learning that we had Nathan was that not every problem in the world can be solved only with software. So you need some amount of handholding for teams as well, so that they do it correctly.”
Vidya Santhanam Aug 21, 2022 ▶ 4:46 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
Aug 21, 2022 positive
Assertion Supported
Fitbots uses over 100 free OKR templates to drive SEO rankings
“So we've got about a hundred plus templates and that helps us rank up as well.”
Vidya Santhanam Aug 21, 2022 ▶ 9:05 How she broke $25k MRR SaaS revenue by starting off as an OKR coach
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