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John Panachone

๐Ÿ‘ค Speaker
112 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

It's north of 90%.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

So we've got good recurring revenue, good recurring renewals, and then that provides the base upon which we put

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

incremental revenue on it, about a 10% growth rate, you know, historically over the last few years.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

Proportionally.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

That's about right.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

You know, the smaller deals grow faster on a percentage basis, you know, but the larger ones about what you said.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

Now, we've got north of 60 customers right now.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

The bulk of our revenue, 80-20 rule applies.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

You know, 80% of our revenue comes from a subset of that.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

But, you know, we're proud of that.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

And we're very profitable too, which wasn't easy to get to.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

But, you know, we focus on maintaining strength through profitability and be financially strong vis-a-vis our competition.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

And that goes a long way with our customer base.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

Well, we have a couple of very large customers that are six digits a month in fees.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

So it pulls the average way up.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

Well, uh,

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

It actually goes back to your last question.

SaaS Interviews with CEOs, Startups, Founders
1075 LogicBay CEO: Love Venture Debt! Helped us pass $10m in ARR

Like a lot of startups, we built our product off the revenue from early customers.