How This Bootstrapped Startup Went from Zero to $55K a Month
Mogens Møller is the co-founder and CEO of Sleeknote. A SaaS product that helps eCommerce sites get more email opt-ins, without affecting bounce rate and sales.
The company was founded in 2013 and is based in Aarhus, Denmark. Sleeknote currently has around 700 customers and generates $55,000 in monthly recurring revenue. And the business has been bootstrapped from day one.
In this episode we talk about:
- How the founders came up with the idea for the SaaS product while doing freelancing work for a client
- How the first version of the minimum viable product was developed and shipped in under 7 days
- A major mistake they made by trying to focus on too broad a market for almost a year
- How they got traction and achieved success by niching down and focusing on a segment with the market
- What they did to get traction and go from zero to $55,000 per month
Success Quote
- “A user interface is like a joke. If you have to explain it, it’s not that good.” by Martin LeBlanc
Book Recommendation
- “The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change” by Stephen R. Covey
Links, Resources & People Mentioned
Contact Information
- Mogens Moller – @MogensMoeller | MM [at] sleeknote [dot] com
- Omer Khan – @omerkhan
Recommended Podcast Episodes
- Krepling: How Two Teens Co-Founded a Shopify Competitor - with Liam Gerada [295]
- SaaS Recurring Revenue: Lessons from a Former MMA Fighter - with Dan Faggella [163]
- How Carrd's Founder Turned a Side Project into a Profitable SaaS - with AJ [225]
- Trackier: How 3 Guys in India Bootstrapped a $2M SaaS Startup - with Udit Verma [255]
- AMP: Speed and Customer Focus in Building an 8-Figure SaaS - with Patrick Barnes [408]
- Lessons on Marketing a SaaS App with Zero Marketing Budget - with Erik Christiansen [162]
- Qwilr: SaaS Freemium Pitfalls and How to Avoid Them - with Mark Tanner [261]
- Bootstrapping a SaaS in a Market with Well-Funded Competitors - with Michael Cooney [282]
- Vacation Tracker: 60 Waitlist Signups to $2M Bootstrapped SaaS - with Lav Crnobrnja [406]
- SaaS Customer Discovery: A Founder's Story on Learning the Hard Way - with Tukan Das [156]