ApproveIt co-founder Serge Gusev breaks down the SaaS company's pricing model to Nathan Latka.
0:00 / 0:16exact quote · 16.7s
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“It depends on the team size, but yeah, for like the bigger teams, teams of more than 50 employees, we charge per number of seats. And for smaller teams, we have a tier, so it's like how much approval requests you can make per month. That's like a 99 dollars tier for 100 requests per month and one 99 for 250 requests per month.”
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More from Serge Gusev
PredictionNot checkable as stated
Gusev: ApproveIt will 'definitely' reach $100k MRR in 2023
“Do you think you can break a 100,000 bucks a month in revenue this year sometime? Yes, definitely.”
Serge GusevJan 11, 2023▶ 15:34How They Used #1 Product Hunt Launch to Hit $20k+ MRR for Expense Management Tool inside Slack
Disclosure
ApproveIt is currently raising a $1 million funding round
“We're raising the million right now.”
Serge GusevJan 11, 2023▶ 13:18How They Used #1 Product Hunt Launch to Hit $20k+ MRR for Expense Management Tool inside Slack
AssertionNot checkable as stated
Gusev: ApproveIt grew revenue 4x year-over-year
“I would say, yeah, we grow four times. So like it's 400%.”
Serge GusevJan 11, 2023▶ 16:02How They Used #1 Product Hunt Launch to Hit $20k+ MRR for Expense Management Tool inside Slack
AssertionNot checkable as stated
ApproveIt's #1 Product Hunt launch brought in its first investors
“And at that time, we got like number one product of the day on Product Hunt. We also got a lot of positive feedback, first paying customers, first investors.”
Serge GusevJan 11, 2023▶ 3:26How They Used #1 Product Hunt Launch to Hit $20k+ MRR for Expense Management Tool inside Slack
Disclosure
ApproveIt's #1 Product Hunt launch yielded only 20-30 new users
“I would say, yes, somewhere between like, 20 to 30 new users, and among those, some paying customers, I would say around 10%.”
Serge GusevJan 11, 2023▶ 3:50How They Used #1 Product Hunt Launch to Hit $20k+ MRR for Expense Management Tool inside Slack
Disclosure
Gusev: ApproveIt ACV averages between $1,000 and $5,000
“Let's say somewhere between thousand to 5000 dollars per year.”
Serge GusevJan 11, 2023▶ 6:26How They Used #1 Product Hunt Launch to Hit $20k+ MRR for Expense Management Tool inside Slack
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