Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

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?

Yeah.

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

And so we're at this inflection point where we're trying to decide, we have a second product we're coming out with in the next month.

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

Do we go deeper into this industry, increase the annual price for each customer, or do we increase the number of industries that we're going after?

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

And we're trying to do both, but we never had the luxury of being written a check for $2 million last year.

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

with a three-year runway.

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

Like, okay, hopefully in three years you can make something happen.

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

Oh, like just a few thousand dollars.

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

So the tough thing about the legal industry and accounting industry is it's really tough to get... You think about law firms, oh, they have tons of money.

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

It's tough to get them to buy anything.

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

But once they buy something, they use it forever, right?

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

So I'm not going to say the lifetime value is infinity, but I think the lifetime value is...

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

they're going to use this for at least five to seven years.

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

Oh, absolutely.

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

Yeah, the lifetime value is over 50 grand.

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

And it's borne that out, right?

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

The firms that use our product successfully, they would never consider leaving it behind because it's the one simple product that just works for them, right?

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

Yeah, so they just have to do two things.

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

They've got to click on the link, the invite to the software that they get, and they've got to click the share button, schedule their first share.

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

And when we do a big kickoff, we give all the materials, all the emails for the marketers to send out in advance.

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

We do video training and webinars to kick it off.