Suchin Bala, co-founder and CMO of Ready When, describes the initial equity split between himself and CEO Jesse Bade.
0:00 / 0:10exact quote · 10.6s
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“No, we didn't split it down the middle. Jesse, our partner and the founder, he actually had the idea. So we've been working with him. I've been there since literally day one. I came up with the name and everything.”
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More from Suchin Bala
AssertionNot checkable as stated
Ready When converts over 70% of its users into paying customers
“And out of that more than 70% are paying customers.”
Suchin BalaJan 25, 2022▶ 6:39Life Planning SaaS Hits $5k in MRR, Raises $1m on $6m Seed Round
Disclosure
Ready When raised $100K in 2020 and $1M in 2021
“So first year, the first in 2020, we raised close to over a little over a 100,000 to help us build the prototype and carry us through for a few months.
And then later this year sorry, in 2021, we raised close to a million dollars through strategic partners wit…”
Suchin BalaJan 25, 2022▶ 7:31Life Planning SaaS Hits $5k in MRR, Raises $1m on $6m Seed Round
PredictionHeld up
Bala predicts competitor Trust & Will will add document storage features
“Trust & Will right now has been focusing on estates, on will, sorry, and trust. As they get bigger into the US, I'm sure they're going to start to build this idea of, you know, document storage and guided journeys.”
Suchin BalaJan 25, 2022▶ 12:22Life Planning SaaS Hits $5k in MRR, Raises $1m on $6m Seed Round
AssertionNot checkable as stated
Bala says Ready When partners with rather than competes against Willful
“Willful is very focused on the legal sector building wills. They are not in the same space as us. In fact, we're very much you know, partnering in this space where they can actually do the wills. You could store it right on ready when you have it done on a, fr…”
Suchin BalaJan 25, 2022▶ 12:48Life Planning SaaS Hits $5k in MRR, Raises $1m on $6m Seed Round
Disclosure
Ready When charges $50 annually, $5 monthly, or $500 for lifetime access
“So right now we charge 50 dollars per year, five dollars per month, or right now we're offering 500 dollars for a lifetime membership.”
Suchin BalaJan 25, 2022▶ 4:45Life Planning SaaS Hits $5k in MRR, Raises $1m on $6m Seed Round
AssertionNot checkable as stated
Ready When hits 1,000 customers and 1,200 uploaded estate items
“So just about a week ago, we hit actually over a thousand customers which was a fantastic we're getting great feedback, but more importantly, we've had over
had over close to over 1200.
We call them items entered into ready when that can be information or doc…”
Suchin BalaJan 25, 2022▶ 6:17Life Planning SaaS Hits $5k in MRR, Raises $1m on $6m Seed Round
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