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Joseph Walla

๐Ÿ‘ค Speaker
144 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

per month is a pretty good rule of thumb.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

I've heard that a lot from investors, but it's pretty on point when you talk to a lot of companies in the Valley.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

I mean, if you back and down, yeah, we're definitely doing more than that.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

Yeah, so also something that I can give some broad strokes on without talking about specific numbers.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

I think in general, with a lot of SaaS products, on your pro plans, the churn is a lot higher.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

And then as you get into larger and larger companies, the churn goes down substantially.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

I think in terms of like how are you, are you like, are you mostly small business or mostly enterprise or?

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

So we, you know, we're mainly in the SMB admin market space.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

So we do have some larger customers.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

I think, I think this is what you'll find a lot with a lot of tech companies.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

So they start a lot on the low end of the market on like the pro plans.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

And then gradually as they build out more sophistication in their products and their offers,

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

and they understand the market more and they like bring on a sales team, they gradually move up market.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

And so, um, that's kind of the, that is the path that we've been taking over the last couple of years is that if you look at your pro plans and you look at the churn rate on the pro plans, the revenue per customer, you realize that, you know, you can't continue along that path with say like a sales team and you do hit, um, real quick.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

And that's, um, so we think of those as like prosumers and those are, you know, if you look at Dropbox or boxes or people that are paying like say 10, $15 a month, um, maybe there are people that are individual real estate agents or they own a photography consulting firm or something like that.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

Those are usually the people that pay for those plans.

SaaS Interviews with CEOs, Startups, Founders
EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla

Yep.