If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Here is yet another story of a high-growth SaaS company that was bootstrapped first. When I spoke with RJMetrics Co-founder Robert Moore in 2016, the company had gone on to raise $22 million. RJMetrics was acquired by Magento and is now part of Adobe Commerce Cloud.
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Here is yet another story of a high-growth SaaS company that was bootstrapped first. When I spoke with RJMetrics Co-founder Robert Moore in 2016, the company had gone on to raise $22 million. RJMetrics was acquired by Magento and is now part of Adobe Commerce Cloud.
Sramana Mitra: Where are you right now in terms channel, or other strategic pieces that enable you to grow? How do you acquire customer? Is it a direct channel? Is it an online channel? Robert Moore: We have two main channels through which we acquire customers. One of them is inbound marketing and one of
Sramana Mitra: You said you’ve raised about $22 million. Let’s talk about other strategic moves during the past four years that you’ve been a venture-funded company. Robert Moore: One thing that we did quite recently that I think was very strategic in nature was we decided to release a second product. For most SaaS companies,
Sramana Mitra: What were your metrics when you were putting this round together? What kind of monthly revenue run rate did you have at that time? Robert Moore: At that time, we were less than a million in revenue. That would translate to something to the order of a hundred customers, or just below a hundred. We
Sramana Mitra: I presume you guys started the company with your own money? Robert Moore: We did. It was not a lot of money. It was about $10,000 in total between the two of us. Sramana Mitra: Who built the software? Who wrote the code? Robert Moore: I wrote the original version in my attic.