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Colin Earle

๐Ÿ‘ค Speaker
323 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

That is certainly our goal, yes.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

it just refers to the creation and management of contracts, typically contracts between B2B organizations.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And to kind of set the stage for this,

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Negotiating and agreeing upon one of these contracts can well cost well in excess of $100,000 in attorney fees.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

So it's not a small issue.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Of course, the entirety of business is focused around contracts and those define the relationships between the companies.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Organizations from the very largest enterprises down to a few SMB companies.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

There's a list of customers at our website, but it includes the likes of CDW, Chevron, right down to startups.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

We don't disclose that information, but it's significant.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

It ranges from a million plus at the high end down to a few thousand at the low end.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

It's primarily the number of seats.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

There's also different versions of the software.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

For example, the higher end customers will typically use the API.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

They may be using 24 by seven support services, et cetera.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

support services, API frequency, and of course, the number of users.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

We had a round of funding from FTV about a year ago.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Until then, we had no funding at all.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

It had grown purely through bootstrapping and actually achieved number one ranking in the Gartner Magic Quadrant, at least in the Critical Enterprise Capabilities Report, without having a penny of funding, purely through bootstrapping.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Yeah.

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