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Matt Weirich

๐Ÿ‘ค Speaker
349 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

I mean, if you can make it work, that's great.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

I mean, typically the ratios you see there are something related, you know, it's like a million dollar quota target with a full OT of 200 grand or something like that.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Right.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Exactly.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And this is the first year we're feeling it out.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

We're shooting for the moon.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Um, and we definitely recognize there'll be some settling in with the new team and sales org.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

We brought on, uh, a

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

heavy-hitting industry leader, Christy Picker, to come on and lead the sales org.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

She's been in the multifamily space for 20-plus years and knows it inside and out.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Making a lot of shifts, a lot of changes as we settled into having a sales org.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

It's one of those things, the land and expand, the farming and that growth for us has typically made up about 75% to 80% of our sales.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Expansion revenue is 80% year-over-year.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Exactly.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

And so early, multiplying those early numbers obviously are easier, but 80% expansion is great.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

What's gross revenue churn?

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So very low.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Thankfully, we're at less than 10% annual.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

That's great.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So your net dollar retention is going to be like 150, 160 right now?