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Giles Palmer

๐Ÿ‘ค Speaker
175 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

Even a company, I mean, look, even a company like Ryan at Holmes, at Hootsuite, I mean, if he's looking to deploy capital in a smart way and his idea is how do we increase ARPU, right, across our current customer base, which they have a huge base, they bring on a tool like yours and, you know, add an upsell.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

Exactly.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

That's right.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

That's right.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

Interesting stuff.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

Okay, cool.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

Last few economics questions before we wrap up with the famous five.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

CAC, what are you spending right now to acquire new customers?

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

When you say on a margin basis, you take ACV, right?

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

And then you multiply times 85% gross margin.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

So call it 30 grand times 0.85.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

It's like 25 grand.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

And so you're spending about 28, 29 grand to acquire them and you get that back in 15 months.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

Interesting.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

And where are you spending that money typically?

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

Is that mostly a sales team or is that paid ads?

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

And Giles, what do you assume like on these folks, lifetime value can really lie to you.

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

Uh, especially if you just multiply, right?

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

What do you assume a minimum LTV is?

SaaS Interviews with CEOs, Startups, Founders
Looking Back: Listen to Founder 3 Years Before Exiting for $450 Million

They're definitely worth X amount.