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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

They are really, really hard to sell to.

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

And we're proud of the fact that we've acquired them as customers, but they continue to

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

grow with the company.

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

And a lot of them are on multi-year deals to begin with when they start engaging.

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

Yeah, we're best in class.

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

So the retention ratio that investors often focus on

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

is the retention with growth, the dollar rate revenue retention.

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

And we're best in class there, but when I take that out and just look at net retention, we're still best in class.

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

No, so the two metrics are right.

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

There's retention, right?

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

There's dollar retention, right?

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

And then there's dollar expansion.

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

But the terminology is often confusing in terms of different companies say different things.

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

When they say DRR, they're including growth.

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

I think both metrics are equally important and both metrics are really strong.

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

Yeah, we're in.

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

So here's the thing about DRR.

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

We're in the range, but DRR is also not point of time.

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

So when you look at these revenue retentions and so on, oftentimes what company would do is they would look at one point and then tell you, hey, our retention.