The SaaS Podcast - AI, Growth & Product-Market Fit for SaaS Founders

Omer Khan
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Oct 4, 2018 • 47min

First Customers: Referral Formula to 1M+ Users

Nick Macario has built four companies over 10 years. Three of them grew to over a million users each. He sold two. And he used the same formula for getting first customers every time - referral marketing, content education, and obsessive attention to retention. In this episode, Nick shares the exact mechanics of his repeatable growth playbook, how Branded Me reached 500,000 early customers in four months, and how Dock.io raised $20 million through an ICO. Nick's startup traction formula starts with making it easy for users to import contacts from Google and LinkedIn, then delivering value before asking for referrals. His first company Branded Me hit 500K initial traction users in four months but taught him that getting first customers means nothing without retention. Growth without retention is just expensive churn. Nick Macario is the co-founder and CEO of Dock.io, a blockchain-based service that lets you control your information across the web and own your digital identity. šŸ”‘ Key Lessons šŸš€ Use referral marketing as the backbone for getting first customers: Nick used the same formula across four companies. Making it easy for users to import contacts and invite friends was the primary driver behind reaching 1M+ users each time. šŸ“‰ Retention matters more than acquiring first customers: Branded Me grew to 2-3 million users but could not retain them because users had no reason to return. Growth without retention is just expensive churn. šŸŽÆ Deliver value before asking users to refer: Dock lets users experience the product's value before offering the option to invite friends. No incentives needed when the experience itself motivates sharing. 🧠 Engagement does not equal revenue product-market fit: Branded Me attracted M&A interest from Amazon and LinkedIn yet almost nobody would pay. Proving people want something is different from proving they will pay. šŸ¤ Content marketing educates users in new categories: Dock invests heavily in content about data privacy and GDPR because most users do not understand how their information is misused. Education builds awareness first. Chapters Introduction What drives Nick - unique and innovative ideas What Dock.io does - blockchain-based digital identity Nick's background - four companies, two exits over 10 years How Dock works - two-sided protocol and consumer app How Dock differs from Google or Facebook login Building the consumer side and partner ecosystem Referral marketing as the repeatable first customers formula Content marketing for educating a new market How referral growth works without incentives at Dock When to ask for referrals - after the aha moment Building content strategy for blockchain and privacy education The retention lesson from Branded Me Partner integration and blockchain adoption challenges Traction with partners - 130 dialogues, 40 commitments Team structure - 25 people across 8 countries Lightning round Where to find Nick and Dock.io Resources Full show notes: https://saasclub.io/189 Join 5,000+ SaaS founders: https://saasclub.io/email
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Sep 27, 2018 • 52min

Inbound Marketing SaaS: Auth0's 6-Step Framework

Martin Gontovnikas started coding at 12, built his career as a software engineer, then switched to "the dark side" - marketing. At Auth0, he applied a 6-step inbound marketing SaaS framework that grew the company from $200,000 to eight figures in less than five years. In this episode, Gonto walks through each step, shares a case study where two experiments failed before the third unlocked growth, and explains why 85% of Auth0's revenue comes from inbound marketing SaaS strategy driven by developer content. The six steps are: decompose the problem, formulate a hypothesis, define a metric, run the experiment, verify the data, and iterate. Auth0's first SaaS content marketing experiment attracted existing users instead of new ones. The second got great conversion but low traffic. The third - greenfield content distributed through Hacker News and developer newsletters - finally drove organic growth SaaS founders can replicate. Martin Gontovnikas is the VP of Marketing and Growth at Auth0, a platform that makes it easier for developers to implement authentication and authorization for web and mobile products. šŸ”‘ Key Lessons šŸŽÆ Decompose big inbound marketing SaaS problems into testable pieces: Auth0 was flat on signups. By interviewing developers about their habits, Gonto broke the problem into specific, testable experiments rather than guessing at solutions. šŸ”„ Treat content marketing SaaS failures as data for the next experiment: Auth0's first two experiments failed, but each revealed critical insights. The third iteration combined both learnings into a scalable acquisition engine. šŸš€ Write greenfield content that solves problems without mentioning your product: Auth0's breakthrough came from writing about authentication in Angular without leading with Auth0. A small aside converted at much higher rates than product-focused content. šŸ“‰ Inbound marketing SaaS without distribution is invisible: Auth0's second experiment had excellent conversion but almost no traffic because SEO alone was not enough. Adding distribution through Hacker News and developer newsletters multiplied page views. 🧠 Scale by spinning up dedicated teams for proven channels: When developer content worked, Auth0 hired 10 technical writers as their first marketing team. The experimentation squad moved on to test new channels. Chapters Introduction Favorite quote - be yourself, everyone else is taken What Auth0 does and its developer-focused platform Martin's role as VP of Marketing and Growth Transition from software engineer to marketer What is developer evangelism How Martin joined Auth0 through serendipity The rise of the CTMO and engineering approach to inbound marketing SaaS Step 1 - Decompose the problem into smaller pieces Step 2 - Formulate a hypothesis The first experiment that failed Steps 3-6 - Define, Run, Verify, Iterate Deep dive into qualitative and quantitative decomposition Formulating hypotheses with problem statements Setting time frames and statistical significance Verifying data - segmenting metrics to find hidden insights Getting traditional marketers to embrace experimentation Auth0's growth - from $200K to eight figures Lightning round Where to find Martin and Auth0 Resources Full show notes: https://saasclub.io/188 Join 5,000+ SaaS founders: https://saasclub.io/email
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Sep 21, 2018 • 59min

SaaS Serial Entrepreneur: $2M ARR on Word of Mouth

Calvin Correli lost his biggest client to outsourcing, had a mortgage three times higher than expected, and his second child would not sleep at night. Everything he tried to make money fell flat. Then this SaaS serial entrepreneur sat down one night and asked himself what he was actually meant to do - and that moment of clarity launched a bootstrapped SaaS growth story that reached $2 million in annual recurring revenue. Calvin failed at five different startups before building Simplero. As a serial SaaS founder, he tried project management, journalism, publishing, and recruiting - none worked. He paid $2,000 for Marie Forleo's B-School course solely to access its Facebook community, where answering questions organically earned him 25 US customers. Word of mouth was the only channel that ever worked for this SaaS serial entrepreneur. Calvin Correli is the founder and CEO of Simplero, a bootstrapped SaaS platform that makes it easy for subject matter experts to market, sell, and deliver their information online. šŸ”‘ Key Lessons šŸ› ļø Build your SaaS for yourself first to ensure growth: Calvin built Simplero because he needed it for his own online courses. When other course creators saw it, they asked to use it too - proving demand before spending a dollar on marketing. šŸ’° Buy access to communities where target customers gather: Calvin paid $2,000 for B-School not for the content but for access to its Facebook group of online course creators. Answering questions organically earned him 25 US customers. šŸŽÆ Word of mouth outperforms paid channels for a SaaS serial entrepreneur: Simplero tried AdWords, agency-led content, and affiliate programs. All produced zero bootstrapped SaaS growth. Personal customer service was the only strategy that worked. šŸ“‰ Kill affiliate programs that cost revenue without driving growth: Simplero's affiliate program cost 20% of revenue but attracted mostly existing customers wanting retroactive credit. Only one affiliate ever used it as a real acquisition channel. 🧠 Finding your purpose concentrates scattered entrepreneurial energy: Calvin failed at five startups before asking what he was truly meant to do. Once he found alignment, every effort compounded instead of canceling out. šŸ”„ Founders who step back lose customer confidence: When Calvin pursued other passions, customers said they would not choose Simplero because the SaaS serial entrepreneur seemed disengaged. Visible founder commitment is a trust signal. Chapters Introduction Favorite quote - persistence and changing his name to Calvin What Simplero does and who it serves Rock bottom - losing clients, mortgage crisis, new baby The pivotal night that defined his purpose How finding purpose led to the idea for Simplero Letting early users try Simplero for free When Simplero became a real business Getting first 25 US customers through B-School community Growth strategies - what worked and what failed Why paid ads and affiliate programs produced zero results The newsletter strategy that built loyalty Reaching $1M ARR run rate Mindset struggles and hiring challenges The journey of a SaaS serial entrepreneur Lightning round Where to find Calvin and Simplero Resources Full show notes: https://saasclub.io/187 Join 5,000+ SaaS founders: https://saasclub.io/email
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Sep 12, 2018 • 1h

Free Trial Conversion: How JotForm Hit 4M Users

Aytekin Tank launched JotForm as a completely free product in 2006 and waited 14 months before charging a single dollar. That free trial conversion bet turned into a company with over 4 million users and seven-figure annual revenue - all without raising a cent of outside funding. In this episode, Aytekin reveals how he validated his idea without customer interviews, got his first 500 paying customers through word-of-mouth alone, and why adding branding to free forms increased daily signups from 1,000 to 300,000. JotForm's free trial conversion strategy started with zero paid features. Aytekin wanted to see adoption patterns before building billing. In the first year of paid plans, 500 users converted to paying customers out of 20,000+ free users. Adding branding to free-tier forms in 2017 increased daily signups from 1,000 to 300,000 - proving that freemium SaaS virality can transform growth overnight. Aytekin Tank is the founder and CEO of JotForm, a bootstrapped SaaS product that helps people create and publish online forms. The company has over 4 million users, 100 employees, and generates seven figures in annual revenue with zero outside funding. šŸ”‘ Key Lessons šŸ› ļø Launch free first to validate demand before optimizing free trial conversion: Aytekin launched JotForm with zero paid features and waited 14 months to see if users would adopt the product before investing time in billing. šŸ’° Treat free users as a marketing investment, not a cost: JotForm provides support to free users because successful free users eventually upgrade. The cost of serving free users is lower than traditional marketing spend for trial to paid conversion. šŸš€ Add product branding to unlock viral growth: JotForm resisted adding branding to free forms for years, but when they tested it in 2017, daily signups jumped from 1,000 to 300,000 - proving built-in virality beats paid acquisition. šŸ“‰ Never ship major releases behind closed doors: JotForm's 2009 release changed too many things at once, angering users who depended on the product daily. The team spent three months fixing problems and switched to continuous updates. šŸŽÆ Turn support threads into an SEO engine for SaaS free trial optimization: By defaulting support questions to public, JotForm created 100,000+ searchable threads that rank for long-tail queries and provide social proof. 🧠 Focus beats diversification for bootstrapped founders: Aytekin split his time between JotForm, side products, and consulting for three years, slowing growth significantly. Concentrating all resources on one product accelerated everything. Chapters Introduction Favorite quote and learning mindset What JotForm does and who it serves How the idea for JotForm was born Building the MVP and launching free in 2006 Free trial conversion - 500 paying customers from 20K users Why freemium worked - lessons from college Pricing evolution from $9 to $19 per month Growth strategies - word of mouth and SEO Public support forums as SEO and social proof How Aytekin thinks about competition Mistakes - divided focus and big releases Lightning round Where to find Aytekin and JotForm Resources Full show notes: https://saasclub.io/186 Join 5,000+ SaaS founders: https://saasclub.io/email
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Sep 5, 2018 • 49min

SaaS SEO: Use-Case Pages That Drive 20K Hits Each

Christopher Gimmer built 10 use-case landing pages that each drove up to 20,000 hits per month. That SaaS SEO playbook helped Snappa grow from zero to $45K MRR with a team of just four people and no outside funding. In this episode, Christopher shares the exact SaaS SEO approach he used to outrank competitors, how a failed dating startup taught him keyword research, and how he validated the product through 15 Skype interviews before writing any code. Snappa's homepage keyword "graphic design tool" had almost no search volume. But use-case keywords like "Twitter header maker" and "Facebook cover maker" had massive demand. Christopher built dedicated SEO for SaaS landing pages for each use case, then drove backlinks through guest posts. Each page needed only about 5 backlinks to rank in the top 5 results, generating organic traffic SaaS founders dream about. Christopher Gimmer is the co-founder and CEO of Snappa, a bootstrapped graphic design tool that makes it easy to create online graphics in your browser. šŸ”‘ Key Lessons šŸŽÆ Target use-case keywords instead of generic terms for SaaS SEO: Snappa's homepage keyword had almost no volume. Ten use-case pages targeting "Twitter header maker" and similar terms each drove up to 20,000 monthly visits. šŸ› ļø Validate with non-leading questions before building: Christopher conducted 15 Skype interviews using the Lean Customer Development framework, never mentioning his product idea to let prospects reveal their own pain points. šŸš€ Build an audience asset to bootstrap your SaaS SEO: StockSnap, a free stock photo site, drove leads into Snappa by ranking for "free stock photos" and providing a built-in audience for early customer acquisition. šŸ“‰ Failed startups teach the skills that make the next one work: Classmate Catch taught online marketing. BootstrapBay taught keyword research and SaaS search marketing. Both failures directly enabled the strategy that grew Snappa. šŸ”„ Guest posting drives backlinks to commercial landing pages: Guest posts were the most predictable way to build backlinks. Each use-case page needed only about 5 quality backlinks to rank in the top 5 search results. Chapters Introduction What motivates Christopher - consistent daily execution What Snappa does and who it serves The Classmate Catch dating startup failure Getting 1,000 users but unable to scale Lessons from the first failed startup Building BootstrapBay through keyword research Cold emailing theme authors for marketplace supply Growing BootstrapBay to $10K per month and selling it How StockSnap was born from a viral blog post Selling StockSnap to focus on Snappa How both businesses were acquired Getting started building Snappa Validating with Skype interviews and non-leading questions Getting first customers from StockSnap leads Building use-case landing pages for SaaS SEO How competitor research in Ahrefs revealed the keyword opportunity Building 10+ use-case pages with identical layouts Guest posting to drive backlinks to commercial pages Only 5 backlinks needed to rank each page Size guide blog posts as additional SEO traffic Revenue and profitability at $45K MRR Can low-price SaaS be profitable Lightning round Resources Full show notes: https://saasclub.io/185 Join 5,000+ SaaS founders: https://saasclub.io/email
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Jul 25, 2018 • 46min

SaaS Go-to-Market: Build a Community Before a Product

Sangram Vajre, co-founder and CMO of Terminus, talks about driving SaaS B2B growth through building a community and account-based marketing. He discusses targeted advertising, engaging with potential customers, building a community-first approach, and the challenges of meeting customer expectations.
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Jul 19, 2018 • 39min

Entrepreneurial Mindset: Set "No Goals" to Grow Faster

Most SaaS founders let fear of failure startup anxiety stop them from making enough sales calls, booking enough demos, or asking for the price they deserve. Andrea Waltz argues the entrepreneurial mindset fix is counterintuitive - set a goal for how many times you want to get rejected. Her "Go for No" framework transformed how millions approach overcoming rejection in sales. The entrepreneurial mindset shift is simple: 92% of customers say no four times before saying yes. Founders who set "no goals" - targeting 100 rejections per month instead of 10 sales - consistently outperform those who stop after hitting their quota. Andrea's startup sales mindset framework helped her own speaking business double its pipeline. Andrea Waltz is the author of "Go for No! Yes is the Destination, No Is How You Get There." The book took 10 years to gain traction before hitting number one on Amazon's sales list - a "10-year overnight success" that proves the entrepreneurial mindset she teaches. šŸ”‘ Key Lessons šŸŽÆ The entrepreneurial mindset requires setting no goals: Instead of targeting 3 sales per month, target 100 rejections. The behavior-focused approach keeps activity high all month and removes the emotional sting from each individual no. 🧠 Fear of failure startup anxiety is normal - action is the fix: Andrea warns against waiting to feel confident before taking risks. The entrepreneurial mindset shift happens through action, not through waiting for courage to arrive. šŸ“‰ Persistence beats perfection when overcoming rejection: With 92% of customers saying no four times before saying yes, founders who quit after one rejection are leaving most of their revenue on the table. šŸ’° Stop deciding for customers what they will pay: Fear of failure leads founders to underprice or skip opportunities because they assume the answer will be no. Let the customer decide - just make the ask. šŸ”„ Quota-based goals create a ceiling on startup growth: Andrea and Richard hit their 4-booking monthly target and stopped selling. Switching to rejection targets eliminated this ceiling and doubled their pipeline. Chapters Introduction What motivates Andrea - the entrepreneurial mindset of overcoming rejection About the book Go for No How the Go for No book was written The old and new models for failure and success Why the new failure model changes daily behavior What it means to "go for no" Go for No is about taking risks not screwing up The dating analogy for getting rejected more often Applying the entrepreneurial mindset to SaaS business goals Setting no goals instead of yes goals How no goals change the math of sales conversion If everyone says yes your game is too small How to deal with fear of failure and rejection Expecting rejection makes it easier to handle Most of overcoming rejection is mindset What to do when you get too many rejections The importance of follow-up after initial rejection Wrap-up and where to find Go for No Resources Full show notes: https://saasclub.io/183 Join 5,000+ SaaS founders: https://saasclub.io/email
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Jul 11, 2018 • 47min

Founder-Led Sales: $0 to $5M ARR with Zero Inbound

Oleg Rogynskyy bootstrapped Semantria to $5M ARR in two and a half years using founder-led sales with zero inbound marketing. His consultative selling SaaS rule: ask five questions before giving one answer. He sold a product that didn't exist for nine months, landed million-dollar B2B SaaS sales deals through extreme listening, then applied the same approach at People.ai. Founder-led sales at People.ai meant no demos until the third or fourth meeting. Deep preparation - an hour per call with 5-10 page research documents - made outbound SaaS sales work at scale. At People.ai, Oleg interviewed hundreds of VP Sales, built a prototype in two weeks, and signed nearly 100 logos in 45 days. Oleg Rogynskyy is the founder and CEO of People.ai, an AI platform that captures sales activities and delivers actionable insights. He previously bootstrapped Semantria to $5M ARR using pure founder-led sales before selling it to Lexalytics. šŸ”‘ Key Lessons šŸ¤ Founder-led sales means asking before pitching: Oleg's rule of asking five questions before giving one answer kept him in discovery mode on every call, letting him position the product using the prospect's own language. 🧠 Deep preparation makes founder-led sales work at scale: Oleg spent an hour preparing for each call with 5-10 page research documents covering blog posts, Twitter history, previous companies, and mutual connections. ⚔ Ship features without announcing them to build trust: Oleg quietly shipped feature requests from Sprinklr's CTO through consultative selling SaaS, letting them discover improvements organically over six to eight months of daily conversations. šŸŽÆ Use founder-led sales to validate before building: Nine months of selling a product that didn't fully exist gave Oleg real market data to shape the roadmap. Customer conversations were simultaneous product development. šŸš€ Turn customer development into rapid sales traction: At People.ai, Oleg interviewed hundreds of VP Sales, built a prototype in two weeks, and signed almost 100 logos in 45 days before Y Combinator demo day. Chapters Introduction What motivates Oleg - people, product, then profits What People.ai does and who it serves The backstory of Semantria and cloud-based text analysis Building the product as a non-technical founder Founder-led sales for nine months before the product was ready Getting the first customer through consultative selling Identifying ideal customer profile by volume and revenue Landing enterprise contracts through deep discovery Why consultative selling is really customer development No demos until the third or fourth meeting Outbound only - no inbound marketing at either company Teaching prospects to build curiosity about your product Selling Semantria to Lexalytics Building People.ai at Y Combinator Getting 100 logos in 45 days through founder-led sales Building the first dashboard prototype in two weeks Creating social capital through smart questions Lightning round Resources Full show notes: https://saasclub.io/182 Join 5,000+ SaaS founders: https://saasclub.io/email
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Jul 5, 2018 • 47min

SaaS Content Strategy: $0 to $500K MRR Then a Reset

Andy Baldacci, marketer who led content and email funnel work at Groove and hosts the Early Stage Founder Podcast. He recounts how a transparent startup-journey blog drove growth to $500K MRR, why success plateaued as audience and buyers diverged, and the bold pause to rebuild content for the real customer, add SEO focus, and create segmented email funnels.
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Jun 28, 2018 • 1h 3min

SaaS Exit: From $0.28 Stock to an $8.3 Billion Sale

Mike Hilton co-founded Concur in an apartment in 1993, selling a $69 Windows product. Twenty-one years later, they achieved a SaaS exit to SAP for $8.3 billion. But between those two points, their stock crashed from $60 to $0.28, their market cap dropped from $1 billion to $8 million, and everyone left them for dead. The path to selling a SaaS business required betting everything on cloud. Concur gave on-premise customers a sunset window and migrated 100% to SaaS, going from $50M in license revenue to $1 billion in pure recurring revenue. A Wall Street Journal review by Walt Mossberg on launch day drove 2,000 copies in two days - the startup acquisition story began with that single review. Mike Hilton is now chief product officer at Accolade. Concur reinvented itself five times across 21 years - Windows shrink-wrap, client-server, intranet, hosted SaaS, and mobile - without ever changing its core mission of automating expense reports. The SaaS exit for $8.3 billion proved that persistence and reinvention can outlast any crash. šŸ”‘ Key Lessons 🧠 Irrational belief sustains the journey to a SaaS exit: The three Concur co-founders maintained almost irrational belief when their stock hit $0.28 and less than 1% of companies in their position ever survive. šŸ“‰ Radical transparency builds trust during a near-death SaaS exit crisis: Concur invited all employees to earnings calls and held open Q&A sessions, building trust that lasted through 14 more years of growth. šŸ”„ Reinvent the delivery model without changing the core mission: Concur transformed five times across 21 years, from Windows shrink-wrap to pure SaaS, but never changed its mission of making expense reporting less painful. šŸ’° Bet the entire company on SaaS to build toward selling a SaaS business: Concur migrated 100% to cloud, going from $50M in license revenue to $1 billion in pure SaaS revenue before the $8.3B exit. šŸš€ Enter SaaS through a new market segment to avoid cannibalization: Concur launched its first cloud product for mid-market through an ADP partnership in 1999, testing the model without threatening the on-premise business. Chapters Introduction Mike's favorite quote - be the change you wish to see Background - Apple, MacWrite, ACT for Windows Founding Concur in 1993 from an apartment Self-funding with ACT royalties First product - $69 Windows shrink-wrap Getting early customers through Walt Mossberg review 2,000 copies sold in two days Pivot from B2C to B2B within the first year Client-server product using email for workflow Intranet browser product - 100,000 users live in one day First SaaS product in 1998 - hosted mid-market through ADP Going public in December 1998 The crash - stock from $60 to $0.28 How they survived - obsessing over profitability Betting the entire company on the SaaS exit model Convincing enterprise customers to move to cloud Mindset during near-death - irrational belief The last 14 years - $1B SaaS revenue and $8.3B SaaS exit Lightning round Resources Full show notes: https://saasclub.io/180 Join 5,000+ SaaS founders: https://saasclub.io/email

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