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Alex Schutman

๐Ÿ‘ค Speaker
230 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

we're well over a dollar, which is a great place to be.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

So the way I look at it is gross retention rate would be, hey, of all the contracts coming up this quarter, all the dollars coming up, what percentage of that did you renew?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

And what I talk to our company about is, here's the magic numbers for me when I talk to the company.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

At our side,

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

north of 30%.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

If we can have a gross renewal rate, that's 90% or greater, and we can have a net renewal rate.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

So that's to your point, that's okay.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

What did you churn out?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

Plus, what did you sell to your base?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

So if we can have a net renewal rate of $1.20, right, and we can have a CAC of 18 months or less, we are in real thin air.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

And I'm just pleased to tell you that we're doing well.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

I have two.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

One is if I'm focused on what am I doing?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

Or one is if I'm focusing on who am I?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

In terms of am I doing the right things?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

I really like Roger Connors, How Did That Happen?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

It's a really great book just about how do you get stuff done through lots of people?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

And then if I'm kind of focused on,

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

I really like The Speed of Trust by Stephen Covey Jr.