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Parun Chadha

๐Ÿ‘ค Speaker
114 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

15 or so.

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

And how do you set that up?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

A lot of founders struggle with this.

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

What's the quota on target earnings ratio?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

When you say 500,000, that's the quota target for you'd say is a good average?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

And with this sales motion, would you credit most of your growth to this or is there something else we're missing here?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

How many new trials per month do you see happening right now?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

About 150.

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

And then you convert about 50 of those into paid, is that right?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

um pure self-serve is probably a lower number uh so it's a it's an aided uh trial is what we do now one of the things prune i love that you've done is you're not just chasing like more money like like you see these people raising every 12 months they're getting diluted like crazy and then they have to exit the vista at like a silly low valuation because they lost all their leverage you only raised i think before this 100 million 5 million in 2018 is that right

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

And when you raised 5 million, what valuation was that at in 2018?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

Are you past a half a billion dollar valuation at this point with the $100 million?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

You're a smart guy.

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

You're not going to give up $100 million worth of control without taking some sort of secondary.

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

How much of the $100 million was secondary to you or other early employees or investors?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

Okay.

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

I mean, can we quantify that?

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

It was more than 80 million going onto the balance sheet of the business and less than 20 million.

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

Okay.

SaaS Interviews with CEOs, Startups, Founders
Board Meeting Software Breaks $24m ARR With Just $5m Raised, New $100m Last Month

It's valuable information though.