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SaaS Interviews with CEOs, Startups, Founders

What if you knew data behind the fastest growing SaaS companies today? Each morning join Nathan Latka as he spends 15 minutes interviewing SaaS founders. You'll learn how SaaS CEO's launched their startup and grew it into a business. SaaS Founders range from bootstrapped to funded, MVP to 10,000 customers, pre revenue to pre IPO.
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Now displaying: Page 1
Oct 13, 2016

Greg Raiz, founder of Raizlabs – a technology innovation firm for design custom applications, web platforms and other cutting-edge software. Listen how Greg earned the respect of startups and Fortune500 companies through his business.

Famous Five:

  • Favorite Book? – Blink
  • What CEO do you follow? – Elon Musk
  • Favorite online tool? — Invision
  • Do you get 8 hours of sleep?— No
  • If you could let your 20 year old self know one thing, what would it be? – “Just make sure to stop and smell the roses”

 

Time Stamped Show Notes:

  • 01:41 – Nathan introduces Greg to the show
  • 02:10 – What Raizlabs does and how it makes money
    • 02:14 – It is a software design company
    • 02:21 – Build iphone and android apps
  • 02:45 – Average project size and price
    • 03:10 – Raizlabs as a product business service
    • 03:22 – Raizlabs helps with the technology side of the business
  • 03:35 – Greg started Raizlabs in 2003
  • 03:47 – Greg was making $ 60-70,000 when he was working with Microsoft
    • 03:57 – Greg was 23 when he left Microsoft
  • 04:11 – First year revenue in 2013
    • 04:25 – Greg was living off his savings
  • 04:55 – Total revenue in 2015
  • 05:10 – 80 people in team
  • 05:35 – Business has been cash deposited for more than a year
    • 05:44 – Margin and business capital
  • 06:09 – “Paying yourself as a CEO has always been a challenge”
    • 06:23 – Reasonable salary
    • 06:58 – Total annual personal expenses
  • 07:37 – Total savings back then
  • 07:53 – Greg had a day job when he was just starting his company
  • 08:20 – Total monthly headcount expenses on an average
  • 08:55 – Greg uses Basecamp and other tools
    • 09:24 – Spending on tools
  • 09:47 – How Greg feels when their client earns more than them
    • 10:00 – They did some good stuff for HubSpot
  • 10:25 – Just released an interesting product for The Perkins School for the Blind 
    • 10:35 – Challenge for micro-navigation
    • 10:50 – How to get people to the bus stop
    • 11:10 – Launched earlier this week
  • 11:30 – RunKeeper as a client
    • 11:37 – Fitness mapping idea
    • 12:10 – Design development of the product with the iphone GPS
    • 12:40 – Success to take in-house
  • 13:04 – Equity with the companies
  • 13:25 – How much RunKeeper pays Greg
    • 13:40 – Charged 15K early on
  • 14:20 – Exploring apps that can help the employees betterment
    • 14:41- Methodology on how to facilitate feedback
  • 14:48 – Product exploration and incubation
  • 15:05 – Connect with Greg on his website and Twitter
  • 16:40 - The Famous Five

 

3 Key Points:

  • As an entrepreneur, you have to manage your stability and your company’s.
  • It is not about how much other companies earn – it is about how you become a part of their success.
  • You can never turn back time – pause and enjoy the beauty of the present.

 

Resources Mentioned:

  • Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
  • @graiz – Greg’s Twitter handle
  • Raizlabs.com – Greg’s business website
  • Show Notes provided by Mallard Creatives
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