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Muhammad Yunus

๐Ÿ‘ค Speaker
136 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

I had no money when I started the company.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So we provide a virtual event platform that companies use to run their online events.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

We have companies like Fortune 500 companies who use our platform to do virtual career fairs.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

Then we have universities who do virtual open days with us.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

We have government organizations who run virtual job fairs with us.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

And then we have trade show providers who do virtual trade shows with us.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So it's primarily a software as a service virtual event platform.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So we have two pricing.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

We have a per event pricing, then we have an annual license.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So per event pricing is $6,000.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

Annual license is close to $30,000 on average.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

Yeah, so I think that's what we initially thought also.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

But I think the way it has worked for us ever since we have started a couple of years back is that those companies who have done one event with us, they keep on coming back to us to do repeat events.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So right now, almost 60% of our revenue comes from repeat business, from our repeat customers.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So even though it's seasonal, but given the price tag is decent, $6,000 per event over the, over the whole year, it just works better than any other software as a service company.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

I said 6,000.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So one time is 6,000.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So basically, any company who wants to do five events or more would go ahead with our annual license.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

So the likes of Nestle, T-Mobile, AT&T, all of these are our customers.

SaaS Interviews with CEOs, Startups, Founders
1289 Virtual Event Management Business Passes $2m in ARR Selling $30k ACV's

They do annual license with us because they run 10 to 12 events a year.

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