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Matt Ristel

๐Ÿ‘ค Speaker
259 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And I, and I'm coming back to answer your question.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

We, uh, cast a, when we, when it comes to top of funnel, um, we're always trying to grow and that's what I live, eat, sleep and drink is how do we grow faster?

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And we cast the net wide and then we narrow it down per channel.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

So if we wanted to go approach a new channel, which we do all of the time, we cast a really wide net, which makes your CAC go up, right?

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Because you have some things that work and don't work.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And what we do is we narrow it, narrow it, narrow it down.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And so we are, our CAC is constantly expanding and contracting.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And that number varies drastically by channel.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Um,

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Well, I mean, it's just whether or not that channel is optimized.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

I mean, it really, it varies per, per channel.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

I mean, overall, what we, we, we have to make sure as a company, if you're a, if you're a company at a Silicon Valley and you're going to, you're okay with burning $2 million a month, which most of them that are our size growing as fast as we are.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

So back to the pricing model, the pricing I quoted you is if you pay for a year in advance, that's the pricing.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Otherwise, if you pay month to month, it's $20 base fee plus $5 per employee.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Oh, we test all the time.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Again, it's, that's one of those channels that goes like this and it really does expand and contract.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Yep.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

The 40 million ARR?

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Oh, why is that the magic number?

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Um, cause I've never heard that as the magic AR.