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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

I mean, you know, as part of our G&A and sales and marketing expenses.

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

not factored into our gross margin.

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

So that's why our gross margin is what it is.

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

Now we've got about 60 full-timers, full-time equivalents around the world.

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

We've got a couple of partners in India.

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

We've got folks up in Canada and we've got people across the US.

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

Basically, when I founded the company, we've been remote since day one.

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

We've got an office here in Wilmington, North Carolina, which I've got about eight people in, but this is where the critical mass is, but we've got folks all over the world.

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

Churn with our customer base?

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

I thought you were talking about my employees.

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

Either one.

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

Churn's pretty low.

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

Like I said, our retention rate is very, very high.

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

So, you know, our challenge is new account growth because we're so busy keeping up with our existing customers.

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

And so our churn's really low.

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

Good news, bad news.

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

It's about 5%.

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

I don't have exact numbers for you.

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

I've always managed the business as a portfolio.