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Alex Bean

๐Ÿ‘ค Speaker
824 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Don't talk about your own deal, but in most series D rounds, how much of a company is a SaaS founder going to be selling?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Yeah, I think, you know, if you're like, actually, I'll give you this.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

So if you're going to go public, now SPACs do make it a little bit different, but I think you see a lot of companies that go public and we would look at it and say, hey, you got to be doing like 200 million in revenue, you know, 300 million in revenue to be like, to go public, right?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

That's when you start to be a known name and really have traction.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

So for us, you know, in between that 100 to 300 range, like that's where we, you know, we look at that and say, okay, what are your growth rates?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

When do you hit what milestone?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

What do we need to do to accelerate out of this?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

And, you know, look at Qualtrics, which was, they just went public here in Utah.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

They're friends of ours.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

And, you know, it's like, yeah,

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

they hit the $200 million, then they hit the $300 million, then they hit the $600 million, and now they're approaching the billion.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

And it's like, you just have to keep that trajectory of growth.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

So I can't forecast, I'm not going to announce our forecast of two years from now on this podcast, but it's keeping a really healthy growth rate.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

It might not double forever, clearly, because at some point that will stop.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

I mean, do you think, do you guys feel good about your plan to break a $100 million run rate in the next two years?

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Yes.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

I'm very good about that.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

That helps me.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

Go ahead and make the statement.

SaaS Interviews with CEOs, Startups, Founders
Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV

No, I'm very confident that we will, we will achieve that.