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Jon Lee

๐Ÿ‘ค Speaker
181 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

That's it.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

I'm building a sales team to do that.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

We took a different approach, which was, look, let's build a product that's going to be useful for somebody.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

And in the early days, you know, the product was useful mainly for very small businesses.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

So, you know, anywhere from one to five people per

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

So on a net, I can't comment on our gross, but our net churn is actually negative.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

Yeah, so it means that we actually add more revenue than we lose on a monthly basis.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

So in our case, the way that we upsell our customers is we just add additional seats.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

And so a typical expanding customer may start out with 50 seats and they add 10, they might add 15.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

And on the contrary, you know, we may lose a customer that has five or seven seats.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

But if you average those two out, people are actually adding more seats than we are actually losing.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

That's correct.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

I wouldn't say we could disclose that number, but it's a little less than that.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

Yeah, I mean, the best place is really LinkedIn.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

So, you know, LinkedIn slash John Lee 168 or on my Twitter, John Lee Prosper Works.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

I would say Mark Benioff.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

I wish my 20 year old self would have started all my companies earlier.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

I would not have waited.

SaaS Interviews with CEOs, Startups, Founders
EP 397: ProsperWorks SaaS 40k Paying Customers, Announces New Funding Adding to $10M Already

Yep.