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Adrian Dayton

๐Ÿ‘ค Speaker
447 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

The only reason we lose customers is because they never started using it, right?

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

They buy it and they never start sending out the emails to get people sharing.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

And so they get to the end of the year and it's like, oh, we didn't use this.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

So they cancel.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Our churn is annually, our churn is about 14%.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Um, but with our key industries, legal and accounting, it's closer to 10%.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

So just to be clear, that's 14% logo churn per, per year.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

So, so when you say logo churn, just that that's yeah.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Logo churn.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

That's right.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

We're just talking about logo churn.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Cause we, in terms of revenue, um, we're not, you know, we're, we're growing.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

So we have a negative and we get enough upgrades that the upgrades more than offset.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

So we have negative, negative churn in that sense.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Before we look at expansion, yeah, I mean, we're churning about $100,000 a year.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Yeah, that's right.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

About 7%.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Revenue churn is quite small.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Yeah, so it's a good question.