Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Prasanna Sankar

๐Ÿ‘ค Speaker
177 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

I'm not sure, actually.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

I don't know.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

We look at churn all the time.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

The churn is seasonally high towards the end of the year in our business.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

And it sort of fluctuates a lot.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Yeah, I'm not really sure where it stands today.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Yeah, yeah.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

It is significantly greater than 100%.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

When we raised our last financing round from Kleiner, it was around 300%, which was something, you know, abnormal.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

That was mostly because, you know, we were especially selling to fast-growing companies.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

So, you know,

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

they grow.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

So it was abnormally high.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Now, as we sort of get larger portion of the market, it is, you know, it is less impressive, but it's still pretty impressive.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Most of it has been seat upsells, which is automatic, right?

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Like we don't even put, you know, we have not done historically a great job on upsell so far.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

You know, right now we're sort of investing more on that, but most of it is just like organic seat ads.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

It was Feb last year, so around like a year ago.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

It was like 45 million.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

We were trying to raise for like 30 months at the time.