Bootstrapped EcomVids spent $25,000 developing its new SaaS platform
John Reyes · eComVids Pivots to SaaS For DropShippers to Get Product Creatives · Jan 31, 2021 · at 10:22
John Reyes, founder of EcomVids, explains the funding and capital expenditures behind building his SaaS platform to Nathan Latka.
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“No, it's all bootstrap... We put about, I would say, 25,000 of just, like, development costs and labor.”
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More from John Reyes
Dropshippers fail on Facebook because they neglect to refresh ad creatives
“In the Facebook world, it's all about, you know, what a lot of dropshippers don't do is they don't refresh a lot of their ads and they die out and they move on to the next product.”
EcomVids' SaaS beta holds 15,000 clips with launch planned for March 2021
“We are basically in beta phase right now. We have over 15,000 clips, basically on our website right now, and we are about to launch in about a month and a half.”
EcomVids generated just under $2M in 2020 revenue as a video agency
“In 2020, we did shy of two million.”
Reyes: EcomVids equity is split 40/40/20 across three partners
“It's 4040, 20. We had a third partner come in that was like, later in the game. We just focus on operations.”