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Matthew Bellows

๐Ÿ‘ค Speaker
123 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

And the reason why that is, is twofold.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

One is before that, it's very, very hard for a buyer to take a risk on a new product.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

But if the CEO or one of the founders is in the room, you know, telling you about the passion behind the idea and where they're going to take it, that carries a lot of weight.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

The converse of that is that the CEO or the founder has a tremendous built-in advantage to selling.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

So you're not really sure this will scale.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

until you can bring in about a million dollars revenue yourself and at that point then you go to the sales people and you say hey here are the logos i brought in like and the the sales person's thinking of themselves oh my gosh if that guy can bring in a million bucks with these good logos i'm gonna kill it and that's exactly the kind of dynamic you want so that's great you gotta do a bunch of it yourself yeah yeah and give us a sense now of total size uh i mean to the extent that you can i mean maybe how many paying customers are you guys at currently

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

So we have about, like you said, 750,000 registered users.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

And I don't think we've announced recently the number of paying customers, but I do know Harvard Business School did a case on Yesware where we talked about this being about a $7 million company that was about a year ago.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

We'll be on 10 right now.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

No, we're above 10 now.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

Yeah, it's a very good question.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

And it's something that we didn't really have to think about too carefully at the beginning because we focused on the Google Apps ecosystem.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

We're building product for companies in the Google Apps world, which is about 5% of our total market.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

So we didn't have to specifically pick a target market.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

Now that we're also in Outlook, we needed to pick.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

And so our...

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

The target market is customers, companies with 1,000 to 2,000 employees, 200 to 300 salespeople.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

And those are companies that we go after aggressively.

SaaS Interviews with CEOs, Startups, Founders
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware

We can do a little bit smaller companies.