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Serge Gusev

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How Approveit Reached 700 Users and 300% Year-Over-Year Growth with Slack-Native Spend Approvals (Interview with CEO Serge Gusev)

Serge Gusev (CEO and Co-Founder of Approveit) spoke to Nathan Latka on January 4, 2023.

Approveit figures from the interview

Total Users (2023)
700
Revenue Growth (2023)
300% year-over-year
ARPU (2023)
$300 per month
Pre-Seed Raised (2022)
$170K
Team Size (2023)
7 full-time
“The first launch was around a year ago, maybe a year and a half. The thing is that that time we got top three product of the day, but the product was really bad, it was just testing the idea. And at that time, we got a lot of feedback that the idea is great, but product sucks, so please do something about it.”
“And then just next six months was spent just iterating on the feedback we got from customers until we finalized the platform. Like in some form that we have now, now it's like, of course, more advanced, but at least at that time, we was able to launch again. And at that time, we got, like, number one product of the day at Product Hunt. We also got a lot of positive feedback, first paying customers, first investors.”
“Yeah. I would say somewhere between thousand to $5,000 per year.”

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Bio

CEO and co-founder at Approveit - #1 Product of the Day on Product Hunt, Top 10 Growing Workflow Automation Software (according to Saasworthy). Tech Geek and Entrepreneur, product owner with expertise in Business Processes Automation. Ex. EY (Business Analyst, Tax Technology & Transformation Group). Love running, science fiction and playing piano

Company

Approveit

San Francisco, United States · Founded 2021

Revenue
$1.5M
Funding
$1.2M
Team size
20
Customers
700

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Also at Approveit