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Peter Friedman

๐Ÿ‘ค Speaker
268 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

And then there's consulting services, which typically have, you know, 40 percent something margins.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

The space where people get it mixed up,

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

is they combine the workforce agents and the consulting and they think uh you know just scales like professional services when in fact it scales quite a bit more especially if you have our technology which really helps us got it got it so you're able to preserve some margin because you've built tech that helps you execute these more efficiently and faster with less human time right and the technology is designed not to replace humans but to scale the human touch so does all kinds of things

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

that technology can do, and then queues up the customer conversations for humans with tools that let them go very fast and efficient, but with a human touch.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

Oh, gosh.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

Well, it's tens of thousands to hundreds of thousands for the SaaS part.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

Oh, well, the minimum is really probably 30,000 to 50,000.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

But it's so blended in.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

And we've had some of these clients for over 10 years.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

And so exactly what they've got and the way they're using it, it varies.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

If you look at the SaaS platform, which...

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

Originally, when we started the company, it was all community websites.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

Okay.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

We are the oldest standing social media company.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

Everybody else started later, went out of business, or stopped.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

In any case, when we started coming out of Apple Computer, it was community websites and a service we had called Talk City, which was a precursor to Facebook.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

And we had a SaaS platform.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

When we switched over to the social web, we took the best part, the tools to manage conversations, extracted it and plugged it into the social web, Facebook and everything.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

But we didn't make that available as a SaaS platform.

SaaS Interviews with CEOs, Startups, Founders
905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why?

You had to get our services.