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DLPad.io

by Adam BakerLaunched 2021-11via Nathan Latka Podcast
See all SaaS companies using cold email
MRR$200k/mo
Growthcold email
Pricingsubscription
Built in9 months
The Spark

Adam Baker, a three-time SaaS founder and former VP of Sales at Salesforce, identified a gap in the sales software market. While most platforms focused on internal tools for sales teams (CRMs, call recording, workflow software), no one was building external software for buyer collaboration. Adam saw an opportunity to help sales teams align with their buyers from the moment a deal becomes an opportunity through to close.

Building the First Version

Adam bootstrapped DLPad with $120K in seed funding and his own personal capital—"hundreds of thousands, not like millions." The team built the platform throughout 2021 and launched in late 2021. From inception through the end of 2021, the company booked $400K in its first year. By 2022, revenue climbed to $1.2M ARR, and by the time of this interview (mid-2023), they had reached $2.3M ARR run rate with projections to finish the year at $2.7M to $3M ARR.

Finding the First Customers

Growth came from two primary channels: events and LinkedIn. Adam credited conferences (presumably Nathan Latka's SaaS Open) with generating "very good" results. The team developed a sophisticated LinkedIn strategy: SDRs identify ideal buyers (typically CROs with large networks), manually research who engages with their posts, assess relevance, then use Connected.io to automate outreach. With four SDRs dedicating one hour daily to this process, the company reached 160+ customers. Adam emphasized the importance of the human element in identifying the right targets before automating the outreach.

What Worked (and What Didn't)

Adam's sales philosophy, influenced by "The Challenger Sale," focuses on challenging buyers who don't yet realize they have a problem. The team optimized their approach through weekly Wednesday call reviews (2 hours) where all sales calls—both cold calls and meetings—are recorded via HubSpot and analyzed. This led to a repeatable 5-6 page master sales script covering opening, value prop delivery, and open-ended questioning. Cold calls are kept to 10 minutes max for qualification, with deeper discovery calls lasting 35-40 minutes.

Quota-carrying Account Executives (AEs) are expected to generate 600-750K in revenue annually with a $100K base and $100K commission at target, totaling $200K OTE. Ramping takes time, but by year two, expectations align with the 750K target.

Where They Are Now

With 16 employees (5 engineers, Kim as co-founder/CTO, 1 product, 1 design, 2 customer success, 4 SDRs, 2 quota-carrying AEs), DLPad is fully remote and growing sustainably. Adam plans to stay bootstrapped as long as possible but indicated he'd likely bring in external capital—potentially debt rather than venture—within the next year to accelerate growth. He remains thoughtful about the company's ceiling: a $20M ARR business flipped for $200M is a win, not a failure.

Why It Worked
  • Adam's deep sales experience at Salesforce combined with identifying an underserved buyer collaboration niche allowed him to build a product solving a genuine market gap that competitors ignored.
  • The two-channel growth strategy of events plus LinkedIn outreach created a self-reinforcing loop where founder credibility attracted high-intent prospects who then became reference customers for further outreach.
  • Weekly call reviews and rapid iteration on sales messaging created a repeatable process that allowed a small SDR team to consistently identify and convert ideal customer profiles at scale.
  • Bootstrap capital constraints forced disciplined unit economics and customer acquisition discipline, ensuring sustainable growth without chasing unprofitable channels.
How to Replicate
  • 1.Identify a specific customer pain point from your own operational experience, then validate that no existing tool directly solves it by mapping competitive solutions to the problem space.
  • 2.Build a LinkedIn prospecting system where SDRs manually identify high-intent targets (e.g., CROs engaging with relevant content) before using automation tools like Connected.io to scale outreach to pre-qualified leads.
  • 3.Implement weekly recorded call reviews of all sales conversations using your CRM, systematize the successful patterns into a master sales script, then train your team to deliver it consistently.
  • 4.Attend niche industry conferences relevant to your ICP and combine event networking with your systematic LinkedIn outreach to build a dual-source pipeline that generates momentum and reference customers.

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