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Franz Riedel

๐Ÿ‘ค Speaker
136 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

It's probably 15,000 to 20,000 a month, 20,000 per trade show.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

And well, we usually get at least one deal out of a trade show.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

So let's say anything, like if it's five really decent leads, it's good enough for us.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

Sometimes it's 10, sometimes 20.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

And sometimes it's also people we've spoken to before, but for them, it's really helpful, especially from an old sort of industry and meeting to meet somebody in person.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

That's really important for their purchasing decision.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

So we see this as an important step, even though we might have talked to them before.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

And it's a bit hard to quantify.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

It's at least one new cold lead for a trade show.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

Uh, and the customer acquisition cost?

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

Well, it's a bit higher because we have some, some, some other chances around 25,000.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

Yes, we do.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

However, we should have much more.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

So our average, well, we had a net negative turn last year for the first time.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

First half of the year, we didn't have so much to upsell, but with the new product line, things have, yeah, have taken off a bit.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

Let's say over the last 12 months, well, let's say about zero.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

Last six months, it was probably 2.5 net negative per month.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

Still room for improvement, but yeah, it's a start.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

That would be amazing.

SaaS Interviews with CEOs, Startups, Founders
1733 They're Raising $5m Right Now on $3.6m in ARR

But let's see if we can scale it this way.