Where are they now? is a periodic review into the successes, languishments and failures of Minnesota tech startups featured some 6+ months ago.
When we met MinuteBids last August, the company was laser focused on getting a product to market and establishing Minnesota-based beta customers. Nowadays, this free online RFP platform for commercial property managers has gone through a learning curve and ironed out the kinks as it expands nationally to reach New York, Arizona and Indiana.
MinuteBids largest account to date is Holiday Stationstores – a 450 unit gas station chain who brought with them over 60 service providers, created projects that drove over 1.2 million dollars of bids through the system and pushed this startup into profitability.
Reflecting on the earliest days, Co founder Jon Coudron describes the pivotal moments – most notably a fundamental change in shifting the focus from smaller individualized property managers to large portfolio firms. As Minutebids continually improves the SaaS based on customer feedback, the pricing model has also evolved by removing the bidding fee for service providers bidding on projects.
“As a startup you’re constantly tuning your product in pursuit of the right feature set” says Mr. Coudron “…and once you’ve got a method that delivers, it’s a simple function of scale. Naturally, many of our initial assumptions were tested and through early beta customers we’ve found a sweet spot that’s proven to work.”
The near term MinuteBids agenda includes the launch of an affiliate program, adding more sales reps and continued product refinement.