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Lonnie Schneiberg

๐Ÿ‘ค Speaker
175 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

People wake up in the morning and say, okay, I'm going to change my time and attendance solution.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

If it works, you just stick with it.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

So the only companies leaving us were actually the ones that went out of business for some reason and decided to fire most of their staff.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

No, no, of course, of course.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

I'm saying that the companies are not leaving the tool to move to a different one for any other reason than that.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

I'm just stating it.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

We had about, until now, eight companies.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

Yeah, two points.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

Yes, it's somewhere in the area.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

We're measuring, I'm just, it's not, I wasn't expecting to dive too deep in the numbers at this call, so I...

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

I'm just trying to think what I want to reveal and what I don't.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

Well, first of all, in terms of the support and the guidance of the users, we're very hands-on and trying to be more proactive than reactive.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

So we're well aware of what's going on in the system.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

And if we see some sign of people stop punching or something happens that we can prevent, we actually contact the customer and try to figure out if there's a problem.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

So this has been really helpful, this kind of strategy.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

So we know that once they install the application and invite over seven employees, the demo usually continues for a while.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

Like there's no...

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

The people don't stop the demo and it helps us to get to the conversion point.

SaaS Interviews with CEOs, Startups, Founders
1549 Why Did He Leave a $60m Revenue "Unicorn"?

So the goal for us is to get to seven employees actively punching on the application.