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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

Um, is that normal?

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

But, um, I think like there are a lot of standards in the business.

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

What's the standard?

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 I think the standards are similar to what you've described.

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

If you probably looked at Dropbox or Box or elsewhere, you'd see something similar.

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

Yeah, I think we think about it more about how much we're willing to spend for a paid customer.

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

We don't spend as much for a new user and the way that we think about how we want to spend for a new paid user.

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

And there, there is this amazing, like, like probably the best article that I've ever read on SaaS metrics on for entrepreneurs.com.

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

And it talks about how, um,

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

Yeah, I mean, you pretty much you spend one third.

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

It's like a three to one ratio of LTV to cap ratio.

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

So for every three dollars you get an LTV, you spend a buck on cap and then other metrics that you look at.

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

is a payback period because certainly if you're a startup company and you're like, you have a three-year payback period, that's way too long from a cash standpoint.

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

Generally what they recommend is that you have a payback period of one year or less.

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

So those are the two metrics that are like the key metrics that you want to focus on as a SaaS company.

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 that's also something we probably wouldn't share, but we definitely try to keep it within those ranges.

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

Yeah, I think that there isn't a lot of upside in sharing really core metrics publicly.

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 there are a couple of metrics that we talk about sharing with the public.

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

But I think apart from that, it doesn't make a lot of sense.