Zenhom: Webinar Ninja will stay bootstrapped and reject venture capital
Omar Zenhom · He's Taken No Funding, Doing $2,600,000 Per Year With SaaS Business Webinar Ninja, EP 252: Omar Zenhom · Jun 3, 2016 · at 19:04
Omar Zenhom, co-founder of Webinar Ninja, discusses his decision to bootstrap the company and reject outside venture capital with Nathan Latka.
0:00 / 0:28exact quote · 28.6s
720p mp4 · rendered on demand · StarZero watermark
“I don't really believe the need for it. I don't have any need for it. Like I don't, I'm happy the way it is. I'm happy growing slow. I don't really want to blow up because I just enjoy my job right now. You know, I'm sure you're familiar with like Derek Sivers's model. Like I really like the fact that he encourages people that you don't need funding. You don't need to do that. You can build your own business and do it slowly. And for me, that's just how I roll. I don't it's not attractive to me to give up equity.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Omar Zenhom
Zenhom: Webinar software competitors over-promise and ship unstable features
“One of the biggest problems with other, our competitors is that they over-promise and under-deliver with the technology. It's not stable enough. They've released features that don't really work yet.”
Zenhom: Webinar Ninja acquires SaaS customers for just $3.20 each
“Currently our acquisition cost for a customer is actually not too high because we have more of a long-term view. We spent about three dollars and 20 cents per customer.”
Zenhom: Hosting bi-weekly product update webinars for customers reduces SaaS churn
“And then I do every two weeks I do a webinar as well for our members, which is just open Q and a, as well as exploring and showing them the new features that released that last month. And it's also helps reduce churn is to get people to understand that, Hey, b…”