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Patrick Bosworth

๐Ÿ‘ค Speaker
221 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Got it.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Interesting.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And so now ours is hovering in the mid 70s.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

It's still healthy.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

It's healthy.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

But but a year ago was in the 30s.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

I mean, we focused on it, for one thing.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

We knew it was important.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And so we've done things on the engineering side to make that sort of onboarding and training process and configuration process more efficient.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And then we've also just gotten smarter and refined our playbook much more than it was.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And so the way the rhythm kind of worked and the way we staffed up our company is we staffed up sales pretty quickly globally.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Then with about a six-month lag, we staffed up our services organization pretty quickly.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And we did it in multiple geographies around the world.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And that was highly inefficient for a period of time.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

But we needed to have those teams in place as the sales came in to make sure that we kept our virtually zero percent.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Onboarding.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

churn rate and get them successful in each of those and get reference customers quickly in those markets.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

But then as we continue to grow the business, we haven't had to continue to add and headcount on a linear basis.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

I mean, obviously, most of it's people.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

So the technology side for us is very inexpensive.