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Adam Sandman

๐Ÿ‘ค Speaker
453 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So you'll see it's in an evolving state, but really trying to hone down what is our ideal customer, what is our USP at a much more deep level, not just the technology that sells quality software, but

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

What is our client trying to do?

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

Which clients do we find resonate the most?

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

And then putting our resources into those clients rather than chasing everyone under the sun.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So I think when it comes to the new sales, really honing down, obviously we'll be opportunistic if someone comes to us, but not expending resources and not prospecting and not focusing outside of that core as much as we might have done 18 months ago.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

It's been about a period of a period about 25%.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So we would hope to be actually higher about, I think, 30, 35%, I may have said.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So it's been a little bit lower than we'd hoped.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

But the reason for that, the number one reason has been- Well, just to be clear, Adam, sorry, just to give everyone a number.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

That's right.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

That's right.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So we were hoping for a little bit higher, but I think what we found is that the sales cycles this year, particularly a little bit less than last year, have extended.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

Typically our sales cycle is 60 to 90 days.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

A lot of deals are taking 30 to 60 days longer than that.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

And mostly it's not in the buyers, it's the procurement, it's the legal and the compliance.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

A lot of those stages are taking just incredible amounts of time.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

The client says, yes, we want to buy the tool.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

The CTO, the CIO, the VP of engineering, whoever the stakeholder is, has said yes.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

All the bureaucracy now takes another 60 days longer than it did a year ago.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

A lot of it's budget.