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Dave DuPont

๐Ÿ‘ค Speaker
266 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

It's an extra zero.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

And I think that I may have answered your question wrong in the sense of, I think you were asking maybe number of paying teams, and I answered number of active teams.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

And not all the active teams are paying.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

Well, we don't release revenue numbers, so I don't want to enable people to figure out what our revenue is exactly.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

But I'll tell you that...

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

Our conversion rate, we have a freemium model.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

Our conversion rate is much higher than most companies.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

So, so yeah.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

So with freemium models, most companies are lucky.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

And, and in fact, this allows me to tell a story.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

Um, I had a conversation with a VC friend of mine early in the history of the company and.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

He said, I think freemium models don't make any sense.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

And I said, well, why is that?

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

And he says, well, let's just take an example.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

Let's imagine that you make, you know, X dollars and your conversion rate is Y. OK, let's just say 10 bucks a month and the conversion is Y. And I said, actually, our conversion is more than three Y. I don't want to get to the exact number, but he's like, oh, forget everything I was about to say then.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

So what we find is when people use TeamSnap, they love it and they use it.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

You're in the right range.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

That's okay.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

Um, I'm not sure.

SaaS Interviews with CEOs, Startups, Founders
866 SaaS: Sports Teams Use This $40m+ Company To Manage Communication

Nothing weird comes to mind.