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Bart Lorang

๐Ÿ‘ค Speaker
125 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

Yeah, I think so.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

I think that with the recent IPOs of, say, Twilio, and now you have the success lately of Vox, I just think that you've got to be north of $100, well north.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

I don't think you go public in...

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

at 70 million anymore but that's one person's opinion yeah what i think you've got to be well market cap to be and the reason is because you've got to be above a billion dollar market cap otherwise analysts won't cover you get sort of dead zone and with the sas multiples uh having dropped you've got to have your revenue up there so your sas multiplier gets you above a billion dollar market cap that makes sense yeah it makes perfect didn't hub wasn't hub start at around 50 million and then they popped at what 1.2 billion i think

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

Uh, yeah, they were, no, they were, I think they were about a hundred million ARR.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

So our gross turn is actually quite low.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

It's less than 2%.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

And our net turn is actually negative.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

So we have expansion of our customers.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

We have an inside sales team that actively sells.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

Our account management team is awesome.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

And they help customers understand that

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

Well, again, it depends.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

We have such a wide range.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

So if I'm on the low end, we're willing to pay $50 to acquire a premium customer.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

At the high end, when we're talking about some enterprise accounts, we're willing to pay $50,000 or $60,000.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

So we have such a wide range, which is a unique challenge.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

It does.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

And so it is a challenge.

SaaS Interviews with CEOs, Startups, Founders
EP 513: $50M Raised, Helping 50k Customers Get Accurate Contact Data with FullContact CEO Bart Lorang

There's always a constant question of focus.