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Jay Fulcher

๐Ÿ‘ค Speaker
211 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

So you've got customers at all different places in terms of how much revenue and how much revenue per customer.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

The other part of it is that it's not all SaaS.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

Some of it's also a part of our brokerage business.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

One of the things that we think is kind of unique about our insurance business is that when we did move that to a third party, we created a rev share vehicle over the course of several years now.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

where we claim some of that revenue as does some of our partner.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

Fairly soon, we're gonna be announcing some additional new broker partners who will also be starting to build some of that capability on top of our platform, which means it gives us an opportunity to sell more of our HR and payroll and benefits products to their customer bases.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

Conversely, they're able to use some of the efficiency that we provide with our tech

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

into their insurance book.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

So it's a very kind of a symbiotic relationship with the broker community.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

We're excited about that, but it's sort of in motion.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

So some of what you're doing there is you're kind of conflating our SaaS business with our insurance business.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

And of course, there's customers of all different sizes.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

I think the best thing I can tell you, Nathan, is the next...

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

imminent milestone that we're focused on is a hundred million bucks.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

Yeah, so we have about 500 employees and we probably have another 150 or so contractors around the world that are working with us.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

We have a headquarters here in San Francisco and then we have a very large operation in Tempe, Arizona.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

If you're familiar with

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

sort of the greater Phoenix area that's a hub for insurance and benefits companies.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

And so we've loved being down there because it's been a great source of talent for us.

SaaS Interviews with CEOs, Startups, Founders
1095 His First Move at Zenefits? 450 Laid Off. Now Eyeing Profitability and $100m in ARR

We also have a fairly large office now in Vancouver, BC.