32 - September 2023

XO Capital's Fund Stuff

In the September 2023 recap of XO, Danny discusses the theme of "spinning plates," emphasizing the company's focus on quality over quantity. The month was about taking baby steps to improve the quality of their portfolio companies, team, and customer experience.

Financially, September was a mixed bag. While MRR was up for some products, net volume was generally down compared to August. Danny dives into the performance of individual portfolio companies, mentioning that each has its unique challenges and growth trajectories.

Cold DM saw its first uptick in months, thanks to overcoming Twitter API changes. Screenshot API remained steady but lost some larger customers. Analytics struggled due to new competitors and LinkedIn changes, but a new path forward is in sight.

Danny also touches on upcoming growth strategies, including backlinking processes, Google search cloud integration, and a shift to free trials for some products. The goal for October is to move from a reactive to a proactive approach in managing their portfolio.

Overall, the episode offers a transparent look at the ups and downs of managing multiple SaaS companies and sets the stage for what's to come.

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