SaaS Partnerships: $230K MRR With Zero Paid Marketing
Author: Omer Khan
February 22, 2024
Duration: 49:47
Ian Brodie and his co-founder quit their jobs in March 2020, got laughed out of every VC meeting, and built a services business instead. After selling it for a mid-7-figure deal, they launched Levanta and hit $230K MRR in 9 months through SaaS partnerships with affiliate agencies - without a dollar in paid marketing.
Learn how SaaS partnerships drove 650 brands and 2,500 affiliates to one platform, why validating on Fiverr works, and how partner-led growth replaced traditional acquisition channels entirely.
🔑 Key Lessons
🤝 SaaS partnerships can replace paid acquisition entirely: Levanta hit $230K MRR in 9 months without spending on paid marketing by partnering with affiliate agencies who brought sellers and affiliates to the platform.
🎯 Validate demand on Fiverr before building any SaaS partnerships product: Ian posted affiliate recruitment services on Fiverr and got 100+ inquiries within days, proving market demand without a product or website.
📉 A failed SaaS product can be a lucky escape: Grovia's self-service tool flopped because customers wanted managed service. Raising VC to build it would have wasted millions.
🏢 Close aggregators to load your SaaS partnerships marketplace: Levanta partnered with Amazon aggregators owning 100+ brands each, loading the two-sided marketplace quickly through channel partners.
🚀 Co-create content with SaaS partnerships to scale awareness: Levanta co-authored ebooks and case studies with agency partnerships, then partners distributed content to their own networks.
Chapters
Introduction
Ian's favorite quote from Rand Fishkin
What Levanta does and who it serves
Current metrics: $230K MRR, 650 brands, 2,500 affiliates
The backstory begins: wanting to build a SaaS company
How Ian and Rob met and quit their jobs in March 2020
Using Fiverr to validate the agency business idea
Why Fiverr works for demand validation
Moving upmarket from SMB clients
Building SaaS partnerships with affiliate tracking platforms
Funding the SaaS dream from services revenue
Why the first SaaS product failed as self-service
Realizing Grovia was a services company, not SaaS
Selling Grovia: acquisition offers and the mid-7-figure deal
Bootstrapping Grovia with almost no outside capital
Transitioning out of Grovia after the acquisition
The genesis of Levanta and Amazon's Attribution API
Validating Levanta through months of customer calls
Building the product with a technical co-founder
Raising a $430K pre-seed round in two weeks
From incorporation to beta in three months
First customers: targeting Amazon aggregators
Selling to affiliate agencies as channel partners
Scaling content through co-marketing with agency partners
Why the partner-led growth model worked for both sides
Challenges of finding the right level of funding
Choosing a boutique VC over traditional growth rounds
Lightning round
Wrap up
Resources
Full show notes: https://saasclub.io/387
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