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Chi-Tung Leong

๐Ÿ‘ค Speaker
149 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So our net burn per month is about $20,000.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Okay.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So we have two different types of markets that we're going after.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So one of the markets that we've seen are the more quote-unquote mature markets, markets where products like ours are relatively familiar.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So the United States, Australia, we've actually seen some decent traction in both markets already with quite limited outbound efforts.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So we're continuing to double down on outbound efforts in those markets.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

In Southeast Asia, it's a half a billion dollar addressable market today.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Mostly we're looking at Indonesia and Thailand as pretty large markets where we have the ability to position ourselves as the market leader.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So that's something that we're working on.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So our net retention rate is actually quite high.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

It's 101%.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

So the expansion revenue is about, for those customers that are within our ideal customer profile, which took us a good two and a half years to figure out, we've actually expanded by 25%.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

The logo churn, you mean?

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Yeah, yeah.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Okay, so I'm not sure how we...

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

like how we're calculating net retention.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Oh, right, right, right.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Yeah, no, no, that's not what I mean.

SaaS Interviews with CEOs, Startups, Founders
EngageRocket Targets $3m Raise on $15m Valuation For HR Tech Platform

Essentially, for every dollar recurring revenue that we have, we're getting that dollar back the next year.