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Mohit Lad

๐Ÿ‘ค Speaker
191 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

The idea of the sales team is they're invested in the success of the customer.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

And oftentimes we don't have a customer that is buying in a quarter, but our team is still engaged heavily to make sure that they're getting the most value.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

And this is something that I think entrepreneurs should realize is you want to create some division of responsibility so the account management can own the renewals, but you never want the sales team to be only focused on new dollars and forget the customer otherwise.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

The team's responsibility is to make the customer successful.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

So a typical customer, let's say they sign up for a hundred thousand dollars.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

They would focus on making sure that they can understand and improve their experience for like the two or three key apps that they care about or the two or three key apps that they're having some concerns or problems around.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

And as they see value, they would add more apps or they would add more coverage from a monitoring standpoint, or they would say, Hey, a security team, this is really cool and very useful.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

You guys should look at it as well.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

So our accounts would go from, you know, a hundred K to a few hundred K to a million dollars.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

The customers that are spending multimillion dollars with us, they all started in the 50 to a hundred K range.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

So we have a very predictable model in terms of growth, but over time, our land rates, our land sizes have also gone up.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

So when you model something that you want to model accurately over the last 24 months or 36 months, and your land sizes are also increasing, that changes the model.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

At this point, we're sort of continuously adapting it, but we...

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

have a very heavy customer retention, plus also the customers continue to do more with us.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

And we focus on mid to large enterprises, right?

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

So we have eight of the top 10 banks.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

We have 60 plus Fortune 500s.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

We have about 110 global 2000s.

SaaS Interviews with CEOs, Startups, Founders
1572 How This CEO Plans to be IPO Ready in 2 Years

And these are not easy customers to get into business with.