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Ariel Asaroff

๐Ÿ‘ค Speaker
393 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

Basically, they're part of the unit economics of an organization.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

And as data grows faster than revenue, it becomes hard to manage, super expensive, hard to scale, performance issues start to rise.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

We started a company almost seven years ago, but we didn't start where we are today.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

2014, right?

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

That was the end of 2014.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

We started with a lighter version of Splunk, a cloud, cheaper Splunk.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

With time, things started evolving.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

We saw that customers aren't looking just for a solution that can do whatever the others can because

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

Their model started to break.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

Cost containment was impossible.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

Performance was an issue.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

And then we kind of decided after three years of basically doing nothing.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

So the first three or four years, the company was zero revenue, zero customers.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

It was almost shut down.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

The first dollar came in October, 2017.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

Um, and we actually had a board on September, 2017, where there was a decision point where the board members said, you know, we like you guys.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

They were super nice and, and, and, uh, patient.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

How much have you raised to that point?

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

It was a million, then another million.

SaaS Interviews with CEOs, Startups, Founders
Coralogix Breaks $24m ARR, 2k Customers After Turning Down $40m Acquisition Offer in 2019

Oh, I see.