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Leif Abraham

๐Ÿ‘ค Speaker
142 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Six zero.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And then since the acquisition, we've grown that by about 600%.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And so we're now close to 250,000 users.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Um, so in the past though, there was always also a free plan.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

So there were also free users attached to that.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

So it was a mix of free users and paying users.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

In the past we had, uh, like, so back in the day we had a conversion rates of six, 7% from, from a free to paid.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Uh, it was 60,000 by the way, six, zero.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

I think in general, it's not just about where you put the paywall, but what value do you add for paid users, right?

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And in terms of value add, at the time back when we were paid, there were things like lower payment fees if you accept online payments, the ability to kind of like white label the product more to bring your own branding in more and not having like

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

outcalls of ENCO within the experience, things like that.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And I honestly think that these are most often better conversion drivers than, for example, limits.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Limits are good to force someone to the moment of having to make a decision.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

But I think what will really bring people over the hump is the value that you provide on the other side.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And so I think for me, it's always, it has to be a combination of the two.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

If you only do value, right?

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Then what was yours?

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Um, so back in the day we had a limit on invoices.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Correct.