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Osman Rashid

๐Ÿ‘ค Speaker
142 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

Yes, it is.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

So Convo is an enterprise social collaboration platform.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

It's designed to enable easy, secure conversations between desk and feed employees to accelerate company productivity and engagement.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

And unlike existing email-focused or chat-centric collaboration platforms,

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

Only Convo combines the ease of social networks with rich collaboration capabilities for your enterprise.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

Yeah, so there are actually a few things which really differentiate us.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

We are really focused on document collaboration and conversations around areas of your work.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

For example, Slack is a fantastic product, and it's a messaging tool.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

And we are...

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

Our use case really is 3% of our users for messaging.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

So we frankly plan to integrate with products like Slack.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

97% of our use case is people working on a document or a conversation in large groups and hate email because it creates so much more clutter for you.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

And for them to be able to easily use Convo without having to worry about email groups and sending and forwarding emails to each other makes it almost 25% easier for them to work.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

And that number is based on a study done by McKinsey that collaboration tools like Convo improve productivity by up to 25% for your employees when compared to email.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

So I would say we average around $7 per user per month is what a customer pays us.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

So our largest customer is H&M, which has 15,000 employees on the platform.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

But we can have a small customer within a big company who has a group of 20 people on it.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

No, so we actually focus more on the larger enterprises, big companies.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

The ability for people to get started themselves is interesting where people come in and start checking the platform out.

SaaS Interviews with CEOs, Startups, Founders
1595 Chegg Founder's New SaaS Company Breaks $7m ARR To Help CNBC Communicate

Some of our large customers started with 10 people and then they grew from there.

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