Gal Harzvi
๐ค SpeakerAppearances Over Time
Podcast Appearances
It depends what VC is going to offer this kind of proposal.
But generally speaking, yes, these are pretty much the numbers.
So actually there are a lot of companies here in Israel, a lot of VCs and a lot of foreign VCs as well.
So there's a lot of money comes from US VCs and in the past two years from the Middle East as well, especially from China, also from Russia.
So actually the ecosystem in Israel is the second largest in the world after the US.
In both terms of number of startups
and also in the number of investments being made here.
So not everybody.
We have three branches.
So we have in Israel, we have some salespeople, some marketing, the GNA, and...
Yeah, so actually monthly churn is almost impossible because we do annual subscriptions and many times the contracts are for two years or three years.
So customers will be able to lock the price because we keep changing the price as the product gets better and as we can provide more and more value.
So it's really hard to tell exactly like the average is being changed from month to month.
And again, it really, really depends because we have customers that pays us just a few tens of thousands and potentially our customers and our deals in our space of hundreds of thousands.
So it really, really depends on the customer.
I would say that if I need to guess on average, it's probably going to be around.
$50,000 on average, the lifetime value of an customer.
Probably a third of this amount.
Although today we don't need to spend a third.
We spend much, much, much less.