
Kyle Racki, Proposify
SaaS Growth Lessons from $800 MRR to $4.5M a Year
Kyle Racki is the co-founder and CEO of Proposify, a SaaS product that helps you create proposal documents, collaborate with your team, and streamline your sales process so you can close deals faster. The company was founded in 2014 and is based in Halifax, Nova Scotia. Kyle and his co-founder Kevin came up with the idea for Proposify when they were running a design agency. But they did not do anything with that idea for several years. Eventually they decided that they wanted to get out of the agency business and went back to their idea. They built a prototype and got a lot of positive feedback. But when they launched, the results were disappointing. They got to around $800 a month in MRR and flatlined there for almost a year and a half. Today, their business generates over $4.5 million in annual recurring revenue. The SaaS growth unlock came from a single product change - pre-built proposal templates. Before that, customers had to manually copy-paste their existing proposals into Proposify, which created massive onboarding friction. Once Kyle's team created 20 professionally designed templates for specific industries, new signups could pick one, customize it, and start closing deals immediately. MRR jumped from $800 to $1,500, then $3,500, then $8,000 in consecutive months. We talk about what kept them going during those 17 months of SaaS growth stagnation and deep dive into the specific things they did that led to their hockey-stick growth.






















