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Nathan Berry

๐Ÿ‘ค Speaker
1489 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Let me go use MailChimp, which is the tool that I know how to use.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And so basically Freemium drove all of this where they would get big accounts switching over, knowing how to use the tool right away.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

He was just like, this is...

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

This is mind blowing.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And we were in the process of figuring out how could we offer a free plan?

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

We basically looked at it and said, look,

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

What if as a profitable company with plenty of cash in the bank and all that, we started to adopt some of these more like Silicon Valley startup methodologies and said, we don't have to make money from every customer up front.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

We can play this long game because we're profitable.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And so we launched that free plan.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And honestly, it's doing so well.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

In our models, we expect it at 3%.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

free to paid conversion rate.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

Um, we came in at a 5% rate and we're like, that's fantastic.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So you can sign up for a free account without a credit card.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And then if you want to try out our automations product or something like that, you can start a free trial for the paid version.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And that requires a credit card to go from the free version to trialing that on a 14-day trial.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

So not 3% conversion on the trial, but 3% of all free accounts converting to a paid account.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit Raising at $196m Valuation?

And it ended up at five.