Bastin Gerald, founder and CEO of Apptivo, explains why he built an integrated business software platform targeted at small businesses rather than large enterprises.
0:00 / 0:06exact quote · 6.9s
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“Small businesses need the, need them more than enterprises in my opinion because they're juggling like too many balls.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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“You know, if you look at churns, probably like, you know, in the, you know, 15%.”
Bastin GeraldJan 2, 2018▶ 13:27892 SaaS: How he Sold 80,000 Seats at $10 a pop
Disclosure
Gerald: Apptivo has taken no institutional venture capital
“We've I mean, mostly bootstrapped, and then we've raised some capital from private investors. We've not done any Venture investment yet, like an institutional investment yet.”
Bastin GeraldJan 2, 2018▶ 4:12892 SaaS: How he Sold 80,000 Seats at $10 a pop
Disclosure
Gerald: Apptivo has raised close to $3.5 million
“So we've raised close to three and a half million so far.”
Bastin GeraldJan 2, 2018▶ 4:23892 SaaS: How he Sold 80,000 Seats at $10 a pop
AssertionNot checkable as stated
Gerald: Apptivo serves over 200,000 businesses worldwide
“We are over 200,000 businesses worldwide.”
Bastin GeraldJan 2, 2018▶ 10:19892 SaaS: How he Sold 80,000 Seats at $10 a pop
AssertionNot checkable as stated
Gerald: Over 75% of Apptivo's users are on the free tier
“Actually, more than 75% of them are not, are free users.”
Bastin GeraldJan 2, 2018▶ 10:28892 SaaS: How he Sold 80,000 Seats at $10 a pop
AssertionNot checkable as stated
Gerald: Apptivo generates slightly under $800,000 in MRR
“No, no, it's actually around that, a little bit less than that.”
Bastin GeraldJan 2, 2018▶ 11:40892 SaaS: How he Sold 80,000 Seats at $10 a pop
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