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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

Not to say it can't be used for small business, but you have to put in a pretty significant effort at getting your content in there.

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

And the larger companies tend to have

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

the resources, whether it be pre-sales, sales engineers that are building content or sales enablement focused people that are able to go through the implementation phase more effectively, I think.

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

And that's been a learning curve for us.

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

Yeah, exactly.

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

We had one investor call it proactive churn.

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

I think it was because it's a little frustrating to

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

see growth in the enterprise, but not see a lot of growth on the top line.

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

But we know that we'll return to that.

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

And what we're doing is transforming maybe what you might call low quality revenue to high quality revenue.

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

That's exactly where we see it heading.

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

Our ACV used to be at about 12, 13, something like that.

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

And so we do see it increasing.

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

What I think is interesting is I was sitting in Sequoia capital's office with Matt Miller over there a couple of years ago, and I was telling him we're trying to make the shift.

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

And he said, you know, I'm going to tell you something that no one else will tell you.

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

And I said, what is that?

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

And he said, moving from small business to enterprise focus will be as hard or harder as starting your company over.

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

starting your company in the first place.

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

And it was actually really good advice and I've appreciated that because even though I knew it was gonna be challenging, I hadn't thought it would be that challenging.

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

It turns out it is that difficult, I think, to make that transition.