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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?

It's got the collaboration that's occurring.

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

It's got the task itself that you're trying to work on.

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

And then it does have the output of work, which is increasingly digital content.

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

And so most companies come at the problem from their native position.

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

If I'm a collaboration vendor, I have collaboration and I try to staple collaboration.

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

task and content to it as an example.

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

Workfront built the DNA of work into the product.

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

So you come in through the content, you see the task and the collaboration.

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

You come in through the task, you see the collaboration and the content.

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

And it's that integration of those three things that

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

that you would consider the DNA of work that allows us to be successful.

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

The average customer pays us about $40,000 to $45,000 a year.

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

But what we really see is a customer starts with a department, and then they actually start expanding that work to many departments.

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

So most of our larger companies are in

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

you know, 10, 12, 13 different departments with some pretty unique use cases that were not the way that we started.

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

What we know is that if we've actually gone through and used an analytical tool and we look through about 22 different attributes of customers that we had sold to, that might even be like their Alexa score or the number of job openings that they have in marketing or so all these different attributes.

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

And so what we know is if we sell to a customer that scores well in those set of attributes for us,

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

anywhere between $30,000, $40,000.

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

You know, within a couple of years, they're a customer that's over $100,000 for us.

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

We actually used a technology and we fed all the customers we had ever sold into, we fed it into that technology and then coming out of that