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P.V. Kannan

๐Ÿ‘ค Speaker
132 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

Yeah, I mean, you know, what happens is in that model, you're delivering an actual outcome, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

It's not just you gave some software and walked away.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So without a doubt, like what you said is, if that service goes to solve real problems and then achieve real project goals,

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

then without a doubt, the retention is very high.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

The customer success function, we've actually doubled down recently.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So if you have a strong customer success function, that's what drives what you're talking about.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So I don't think we paid that much attention in the earlier years.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So there's a lot more of investment.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

in making sure every single account that we have is covered as opposed to a coverage model, which was very biased towards the larger customers.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

We categorize our customers into those who can spend over 10 million a year with us.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

And then where the potential is probably a million or less.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

and maybe less than half a million, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So we are much more aggressive in spending a lot more in the greater than 10 million, and a lot more conservative if it's less than half a million.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

We are optimizing for a 12-month payback.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

I mean, right now we are at that and we hired a new chief revenue officer last year.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So his first thing is, let me go get the, you know, things stabilized.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

We'll relook these metrics as, you know, we want to pump up the growth level, then we need to get more aggressive, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

That's a good question.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

I think, you know, it's about what the aspirations of the founders and the management team is.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

I think, you know, an IPO is more kind of like what the team wants to do and what I would like to do.