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Jason Hsiao

๐Ÿ‘ค Speaker
262 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

So we kind of extend it slightly, but I'd say we're relatively conservative because we kind of found that it works.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Yeah, well, it took growing into, right?

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

So we started with 12 months, and then as we felt comfortable that we were reliably getting that cash back, we could extend to a year and a half or two.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

So now we feel like that we're confident enough in this channel, and we have enough cash in the bank that we can extend to 24 months.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Um, and it, and it's a, it's a dominant channel, but it's not like, uh, it's, it's not our only channel, right?

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Uh, total hits probably in them.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

And then, gosh, I should know that's right.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Um, in, in the millions, I don't know what it is.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Uh, well, we'll get about a business customers.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

We get probably average about 150,000 a month.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Uh, we have about like a 7% conversion rate.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Yep.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

And those are specific business customers.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

And we have a bunch of

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

So non-business customers that we try to figure out what to do with also.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

But where we're kind of betting is on the business customers.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Yep, we like it.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Yeah, that's good.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

But we have challenges on the churn side, retention side, and we've got to get people using video more regularly.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

We're about 100 folks, mostly in New York.