Vidya Santhanam explains Fitbots' early bootstrapping and customer acquisition tactics to Nathan Latka.
0:00 / 0:10exact quote · 10.7s
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“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.”
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More from Vidya Santhanam
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 SanthanamAug 21, 2022▶ 4:46How she broke $25k MRR SaaS revenue by starting off as an OKR coach
AssertionNot checkable as stated
Fitbots hit $25k MRR from 50 customers paying $500 per month
“Yeah, you're absolutely correct.”
Vidya SanthanamAug 21, 2022▶ 6:15How she broke $25k MRR SaaS revenue by starting off as an OKR coach
AssertionNot 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 SanthanamAug 21, 2022▶ 10:10How she broke $25k MRR SaaS revenue by starting off as an OKR coach
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 SanthanamAug 21, 2022▶ 12:04How she broke $25k MRR SaaS revenue by starting off as an OKR coach
AssertionNot 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 SanthanamAug 21, 2022▶ 3:07How she broke $25k MRR SaaS revenue by starting off as an OKR coach
AssertionNot 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 SanthanamAug 21, 2022▶ 4:22How she broke $25k MRR SaaS revenue by starting off as an OKR coach
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