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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

of which I'm compensated against.

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

And then best in glass net retention tends to be about the 120% range.

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

And of course, based on that gross retention number and our 30% target, which we hit, we're above that as well.

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

We're north of 1,000 is probably the best communication I can give you there.

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

But, you know, the next important milestone for us is 10.

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

But as we now have this free product unit, it's being used in tons of organizations.

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

So given the number of users on that product in terms of an NAU basis, I would say that our technologies exist in approaching 10,000 businesses around the world.

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

Yeah, I think so.

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

I mean, there's obviously not a ton of strategic value in talking about those numbers specifically, but... As the big smile comes on your face.

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

Yeah, we subscribe to more than doubling our business year over year as a key strategic target, right?

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

If you can, you know, a company our stage, if we can have an aggressive gross margin, aka something north of 85%, 90%,

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

We could be more than doubling on a year-over-year basis while managing a pretty effective revenue per head number that I think would be relevant for a space.

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

Look for zero cost, lead sources to scale in an as organic way as possible, plus focus on upsell.

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

You know, if you get all those elements of strategy right, it's possible to continuously double.

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

But the amount of horsepower required is interesting because if you think about, you know, five years of selling since we launched from YC in 2011, let's say it was actually four years of selling once we figured out our motion.

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

every year you have to condense that previous four years of effort into the next year and then the five years of effort in the next year.

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

And if one of those elements of your strategy goes wrong or goes awry or something you can't control, it gets pretty tough to hit that kind of scale.

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

But we've definitely exceeded my expectations.

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

Yeah, so streaming costs are an interesting thing, right?

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

Because like anything, there's economies of scale based on the amount of content that you publish.