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Joe Payne

๐Ÿ‘ค Speaker
274 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So a big company is going to pay a lot of money if they have a breach from an insider.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So we're a small drop in the bucket compared to that.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

Well, Nathan, the thing I love about SaaS software is it's democratized software for everybody.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So the same awesome product that I'm giving people at $120,000, I'm giving to a 200-person company.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So I'm giving them that same power and capability.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So I'm not going to define a sweet spot per se.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

I will say the people that are buying fastest today from us are mid-market companies.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So think of that as companies between sort of 1,000 and 5,000 employees, because honestly, they're making fast decisions today and it's much easier for them to make decisions.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

Today in this economy, big companies are taking forever to make a decision on new technology purchases.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So again, if you talk about who's buying today, I would say the sweet spot is in that

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

1000 to 5000 sweet spot or medium.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

Yeah, that's right.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So I joined a company called CrashPlan in 2015.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

It was called Code42, but the product was called CrashPlan.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

It was an endpoint backup product, and the board hired me to figure out what we were going to do with that product long term.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

And that's an endpoint backup product.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

So basically think,

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

backing up all your data from your laptop into the cloud.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

And the idea was that like, look, that long-term is going to go away because most people keep their data in the cloud today.

SaaS Interviews with CEOs, Startups, Founders
He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

You keep your data in OneDrive, you keep your data in G drive, et cetera.