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Michael Litt

๐Ÿ‘ค Speaker
457 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

When you send the video, so if you dump it into Gmail, it automatically parses it as a thumbnail.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

You send it to the recipient, and then you get a notification in an email that tells you how much of the video the recipient viewed and for how long.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

So that's why it's called Viewed It.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

And again, it tends to be very useful in sales prospecting.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

Yeah, so one of the unique opportunities of being a Canadian company is that we sell in primarily USD and spend in Canadian.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

So there's a bit of a hedge on Forex, which allows our money to go a lot further than it would if we were elsewhere in the world.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

So we actually just started dipping into Series C cash.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

We raised it well in advance of needing it, and we've been pretty conservative with spend despite our growth.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

That was announced in January of 2016 now.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

Yeah.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

Yeah.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

Yeah.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

You know what you, uh, so a wise person once told me to drink tea when tea is served.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

Yeah.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

So first of all, uh, your CFO has to become what we call the house of no.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

And so you get to a phase where as you bring in experienced executives and individuals who've been a part of bigger businesses, they want to spend a lot of money.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

They know there's a big balance sheet.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

They want to hire really valuable executives.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

They want to spend lots of money on campaigns.

SaaS Interviews with CEOs, Startups, Founders
810: SaaS: With $70m Raised, White Board Videos Secret to VidYard 2x YoY Growth

Maybe they want to do a Super Bowl commercial, which everybody knows is an awful idea.