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Max Yoder

๐Ÿ‘ค Speaker
216 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

I mean, it's pretty easy because we can look at the cash balance in the bank and we can look at our ARR as a business and we can say, hey, we're doing it or we aren't or we're on track to do it.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

And so far, we're exceeding the amount of cash that we've spent over time in terms of our annual revenues greater than that.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

So pretty easy metric to track, but one that really motivates me.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

When we talk to investors on the coast, they're usually quite excited about the fact that you can turn a dollar of capital into a dollar of ARR.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

Because they said, one person told me last week, we've had given somebody $10 million, they turned it into $1 million.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

It wasn't a great magic trick.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

Yeah, we have 450.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

We just passed the 450 mark.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

Yeah, great question.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

Largely inbound.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

They're coming to us.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

More than 60% of our customers are finding us on the internet through either organic search or directories.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

And they are liking what they're seeing and converting.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

And the other 40, actually the other 30, there's 30% that are coming from outbound sales and like 10% referral.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

Oh, yeah, sure.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

Yeah, we're outpacing 100% on the dollar side, and that feels really good.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

I mean, what I always say to the team is we don't want 20% of our clients to leave every year, but I think the 80-20 rule holds pretty strong.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

The Pareto principle around 80% of people are going to find what they need, and they're going to buy more to make up for a loss if there is the 20%.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

We've outpaced that 20% in certain quarters and fallen short of it in others.

SaaS Interviews with CEOs, Startups, Founders
891 SaaS: Lessonly Hits $6m+ ARR for Internal, Non-HR Solution for Team Learning

Uh, but I, I think it's kind of healthy for people to not agree with our philosophy in some small portion, because that means we have an opinion and we have a direction.