Natwar Maheshwari, founder of social media tool Around.io, explains to Nathan Latka why he is not seeking venture capital at his current stage.
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“I would not consider it at the moment because we are at a place that it's very, very, it's going to be very tough, right? If I go to an investor right now and say I've been alive for more than three and a half years, and now I would raise funds, they're going to ask very serious questions, and they're going to have very serious concerns.”
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More from Natwar Maheshwari
Disclosure
Maheshwari: Around.io took eight months to reach 30 customers at $20 pricing
“It took us, like eight months to get to 30 customers, and at that time, we priced the tool twice as All the, so the buffer was 10 dollars at the time, and we were pricing it at 20 dollars, just because you want to build something for a niche, and we wanted to …”
Natwar MaheshwariDec 21, 2017▶ 5:21880 SaaS: Why Is This Engineer Competing in Highly Competitive Space?
Disclosure
Around.io founder Natwar Maheshwari currently takes zero salary
“I do not pay myself right now. I was paying myself last year, and then I realized if I want to grow this, I really have to take myself Stuff out.”
Natwar MaheshwariDec 21, 2017▶ 6:14880 SaaS: Why Is This Engineer Competing in Highly Competitive Space?
AssertionSupported
Maheshwari: Buffer recently crossed $15M in ARR
“Buffer just crossed, like, 15 mil recently.”
Natwar MaheshwariDec 21, 2017▶ 2:12880 SaaS: Why Is This Engineer Competing in Highly Competitive Space?
AssertionNot checkable as stated
Maheshwari: Over 500 tools worldwide offer social media automation
“My research says there are more than 500 tools in the world right now, Who are doing something in social media automation.”
Natwar MaheshwariDec 21, 2017▶ 2:24880 SaaS: Why Is This Engineer Competing in Highly Competitive Space?
AssertionNot checkable as stated
Around.io monthly gross logo churn is between 3.5% and 4%
“Gross logo churn is around three point, Five percent right now 3.5 and four.”
Natwar MaheshwariDec 21, 2017▶ 3:36880 SaaS: Why Is This Engineer Competing in Highly Competitive Space?
AssertionNot checkable as stated
Around.io previously suffered from 9% to 10% monthly logo churn
“I have been to like nine percent and 10% lower churn, and that was not a good place.”
Natwar MaheshwariDec 21, 2017▶ 3:52880 SaaS: Why Is This Engineer Competing in Highly Competitive Space?
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