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Magnet 2

by Rafa KahiLaunched 2022-10via Nathan Latka Podcast
See all SaaS companies using content marketing
MRR$3k/mo
Growthcontent marketing
Time to PMF5 months
Pricingsubscription
Built in5 months
The Spark

Rafa Kahi was working as a digital marketing manager for a leading real estate company in Spain when he identified the core problem. "I was burning a lot of money spent on Google ads, Facebook ads, and it was very expensive to acquire property owners online," he recalls. One day, he had an insight: what if he asked his real estate agents to share content online to attract clients instead? The agents pushback was revealing—"Rafa, I don't want to share boring content. If you share specific content and personalized content, then I will do it." That feedback became the seed for Magnet 2.

Building the First Version

Rafa and his co-founders started building in May 2022 with remarkable frugality. "Barely $200" was spent on the MVP, which was built using Webflow (a no-code platform) and some design assets from Fiverr. "The rest was just you and your co-founder putting in sweat equity," Nathan noted. The product was simple: a platform where employees could access personalized, company-branded content tailored to their personality and company tone of voice, then share it on social networks. Meanwhile, marketing departments could track engagement and measure impact. By October 2022—just five months later—they officially launched the product.

Finding the First Customers

The first paying customer arrived on day two of their official launch, which Rafa described as "really encouraging." But the most interesting part of their customer acquisition came through inbound marketing. In August 2022, before the official launch, Rafa appeared on a podcast. "Through that podcast, we got our first client and it was from Colombia. We weren't actually targeting clients in Colombia and I come from Colombia, but our idea was to start getting clients in Spain or Europe. But the very first client came from my country." This experience converted Rafa into a believer in podcasting and inbound marketing as growth channels. Today, with 11 paying customers across 5 countries, they're averaging 15 seats per company at their current pricing ($26-27 USD per seat, or roughly €24-99 per month depending on content and frequency).

What Worked (and What Didn't)

Their pricing strategy evolved organically. "The very first clients came with, we didn't have like an idea on what to charge for the service. So we started charging very low until one day, one client told us, guys, I will pay like double for this service." This led them to raise prices, though they kept their founding customers at original rates as a loyalty commitment. Early on, they piloted with multiple industries—real estate, others—before settling on real estate as their initial niche. "When we felt that the concept was already proved, we decided to go live." They're now growing at approximately 20% month-over-month, though Rafa acknowledges, "it's easy when you're dealing with small numbers, but if you keep that up for a long period of time, that becomes very interesting."

Where They Are Now

Rafa and his three co-founders raised $255,000 in a pre-seed round in October 2022—the same month as their first customer—at a $2.5 million post-money valuation, selling 10% of the company. They currently have $120k in the bank and are burning $7k per month with a team of 8 (three developers, three marketing staff, CTO as full-stack developer, plus finance). They've committed to raising another $70k from friends and family focused on people who can add advisory value. "Our runway right now is better than we thought it will be," Rafa explained. "We are not kind of needing to raise money now, but we are kind of acting in advance in order to go faster." With $2,860 in monthly recurring revenue and their focus on converting employees into marketing channels, they're positioned in a growing market where companies seek alternatives to expensive paid advertising.

Why It Worked
  • Solving their own acute pain point (expensive customer acquisition in real estate) gave them genuine insight into what employees actually wanted (personalized, non-boring content), which resonated immediately with their first customers.
  • Appearing on podcasts generated inbound interest from unexpected geographies, proving that thought leadership and content-driven visibility could attract customers without paid acquisition spend.
  • Their extreme capital efficiency ($200 MVP using no-code tools and freelance design) meant they could validate product-market fit before burning through funding, allowing early customers to guide pricing and positioning naturally.
  • Starting in a specific vertical (real estate) with a clear employee pain point created natural word-of-mouth and referral potential, allowing them to reach 11 customers across 5 countries with minimal marketing spend.
How to Replicate
  • 1.Identify a costly problem you personally experienced in your previous role or industry, then build the minimum viable solution using no-code platforms and outsourced design to keep initial investment under $500.
  • 2.Pitch your story and early learnings on relevant podcasts in your industry before or immediately after launching, treating podcast appearances as your primary customer acquisition channel rather than paid ads.
  • 3.Launch with flexible pricing and actively ask early customers what they'd pay more for, then systematically increase pricing while grandfathering existing customers at original rates to build loyalty.
  • 4.Focus initial go-to-market efforts on a single vertical where the pain is most acute (e.g., real estate agents struggling with social content), prove the concept thoroughly, then expand to adjacent industries only after establishing clear product-market fit.

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