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Gavin Wheeldon

๐Ÿ‘ค Speaker
187 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Typically where we see the churn is at the lower end.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

So from the early days where you're typically selling to your mom and pop shops, that's where we see churn because either they've shut down or they're probably not using the products as much as they would do.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

And the economics, we have customer success, but the economics of doing customer success with a $12 a month customer just doesn't stack up.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

So, you know, that, you know, is where we will typically see the churn.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

So if we take out, which we do, the sub $1,000 in revenue, we're up to about 10 years or 20.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

And we also, a lot of these enterprise customers are signing up for three and five years.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Correct.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Yeah.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Where we spend money is events because that's where we've seen the success.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

We try it.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

We track the leads through Salesforce.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

If it converts, we'll do it again.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

If it doesn't, we won't.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

In terms of marketing spend?

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Yeah, so CAC, obviously, you want to be sub-12, which, you know.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Are you?

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

It depends.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

When we go through a higher period of hiring new salespeople, and you've got, obviously, the ramp, which brings or distorts CAC for a while.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

So when we're going through those growth spurts, you know, we typically go up and down with those in hiring.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

HQ is in Manchester in the UK.