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Garen Hess

๐Ÿ‘ค Speaker
179 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And then as they share the demo with other people, and this is one of the primary goals, is to discover and engage other stakeholders in the buying group.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

As they share that demo with others, the demo will, again, personalize automatically to each stakeholder in the buying group.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And then under the, behind the scenes, or under the hood, we're tracking all that that's going on, and we actually bring back analytics, what we call demolytics,

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

back to the salesperson.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And this allows them to see not only what's happening with the individual prospect, but how what that one prospect is doing compares to what all the other stakeholders are doing.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

So you get the sense of alignment or misalignment.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

So average customer, average deal size is about $17,000 a year.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

Okay.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

So we typically get in a lot of companies at about 25 seats and then they scale up from there.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

A lot of companies, because we're a brand new technology, arguably a brand new category of software, need to see proof in the pudding before they're going to expand.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And so they'll start out with a team of, say, 20 to 30 reps, see what happens, and then expand from there.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

Interesting.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

If it's a marketing use case, then there's a usage component.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

But our main focus is on the sales side.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

So we launched the company back in

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

2014 and, um, and, uh, well, technically in 2013, but got to market out in, uh, 2014.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

So that's kind of when it was launched out on the marketplace.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

So we've got about 200 customers.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

Um, it's been an interesting journey because I thought this was going to be a small business play where we're just going to charge, you know, I don't know what I, what I was thinking at the beginning, but, um,

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

It's turned out that fairly quickly we started engaging companies that had large sales teams and they were getting good traction.