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Mike Lapchick

๐Ÿ‘ค Speaker
242 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

And we say, hey, it's just like LinkedIn.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Here are other brands that you may know.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Would you like to connect with them now?

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Build a dependency for that retailer on Shopfarm, a one-user interface, several brands that they collect content from becomes easier for them.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

with the hope of pushing that retailer to a mandate to use ShotFarm and it just kind of grows from there.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

So you will not see a lot of ShotFarm marketing out on the internet.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Well, yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

But I do look at the free platform as a marketing expense versus a technology expense.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

So what would you say your fully-weighted CAC is?

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

It's about... Oh, boy.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

You can look at it a couple different ways.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

So my carrying cost for a free customer is about...

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

30 bucks a year, 20 bucks a year, and around there.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Maybe even a little bit less, depending on how much free storage they're using or how much of the free storage they're using.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

So it can go down from there.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

So now if I look at that cost and compound that against the paying number of customers, I could give you that figure, but then you could reverse engineer to figure out how many paying customers we have and figure out the revenue.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

But just suffice it to say that it's...

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

We look at the carrying cost of those and the cost to convert versus an aggregate cost of those against the paying customers.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

Well, as quickly as possible.

SaaS Interviews with CEOs, Startups, Founders
1042 "We're selling the company right now" for $10m+

But we don't get it.