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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

We can do a little bit larger, but that's kind of our middle of our bullseye.

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

We sort of looked at two different things.

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

We looked at where we're already strong.

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

So of our existing customer base, where have we got a lot of customers already?

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

So companies like Box and Zenefits and others that are in that sweet spot already.

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

Then we looked at US census data and US business data to see the distribution of companies in each category.

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

And so we just sort of wanted to pick one that's a little bit aspirational and yet we're confident we can execute on it.

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

And then as we go, we'll move up and up and up to sell bigger and bigger deals.

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

We are very much of a come one, come all kind of company.

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

So we sell much smaller deals than that.

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

Our average deal size is around $500 a month.

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

And so then we we skew up and we skew down.

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

A lot of deals smaller than that we tend to do over the credit card people just put in their credit card and buy salespeople that are trying to close bigger and bigger deals.

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

Well, this is a very individual question.

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

So it will vary based on your product and especially the deal size of your product.

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

The smaller the deal size, the more leads in general you need and the faster they have to close.

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

But, you know, we look to give each individual sales rep about 100 leads a month.

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

to close eight to 10 leads they need to make their quota.

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

Yeah, our quota is $4,000 of new monthly recurring revenue a month.