Matt Ford, founder of live music management SaaS Prism.fm, discusses the company's runway and path to profitability.
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“But with the money that we have in the bank, we have a really good shot at just not raising again and going to profitability if that's what we choose.”
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More from Matt Ford
Insight
Ford: Focusing on profitability drives more growth than hyper-spending
“And I think by actually focusing on profitability, it actually allowed us to grow more. Like maybe this, there's this perception out there. Like if you're not like spending on your socks and just focusing on growth, you're not innovating or you're not like, yo…”
Matt FordApr 5, 2020▶ 11:231716 $60k/mo Live Event SaaS Company Virus Survival Plans
AssertionNot checkable as stated
Ford: Prism.fm kept roughly 100 of 120 venue customers through COVID
“We also didn't turn a lot during the pandemic, which I think was a major testament to the technology. Like we went in with let's call it a 120 customers. And we came out with, of those a 120, we came out with, you know, a solid a hundred of them. Like we didn'…”
Matt FordSep 11, 2023▶ 4:16How this SaaS For Music Venues Survived Covid Then hit $3m ARR
PredictionNot checkable as stated
Ford sees clear runway for Prism to reach $15M-$20M ARR
“And you know, there's a clear, like I see a clear runway right now to get the company, you know, it's a 15, twenty million in recurring revenue. And it's just my own kind of calculations and willingness to hold on.”
Matt FordSep 11, 2023▶ 12:18How this SaaS For Music Venues Survived Covid Then hit $3m ARR
PredictionNot checkable as stated
Ford predicts Prism.fm will achieve live music ubiquity within six months
“Our eyes are set on being the ubiquitous software solution for the live music industry. And I think in the next six months, we're going to see that happen.”
Matt FordJul 16, 2022▶ 12:25Pandemic should have killed him, he doubled revenue to $1.8m helping live event venues pay and manage talent
Opinion
Ford: General CRMs like Salesforce and HubSpot fail for concert operations
“The process of putting on a concert is this extremely detail oriented. So something like Salesforce or HubSpot just doesn't work all that well.”
Matt FordApr 5, 2020▶ 2:241716 $60k/mo Live Event SaaS Company Virus Survival Plans
PredictionNot checkable as stated
Ford: Live music will see unprecedented volume if COVID clears by fall
“So get ready for like, God willing that, you know, this is cleared by the fall. If it is, Get ready for the most crazy, you know, lineup of live music concerts you've ever seen. Like all the festivals are rescheduled to the fall, all the major tours. There's g…”
Matt FordApr 5, 2020▶ 4:541716 $60k/mo Live Event SaaS Company Virus Survival Plans
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