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Raj Agarwal

๐Ÿ‘ค Speaker
121 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

where we were able to see, you know, huge growth within our existing customers, strong retention, as well as, you know, good unit economics.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

And for us, that was really always in the enterprise.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Yeah, I don't know the specific numbers, but I would say that, you know, we're seeing like best in class retention with our enterprise.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Right.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

You know, frankly, with the SMB and mid market, we didn't see that.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

But that's now a very, very small part of our revenue.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Yeah, I mean, we're talking high 80s into 90s.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

It was $99.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

That was per month, so you could get in at $1,200 per year.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

We had a free product that went up to 10,000 monthly active users.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Now, their first paid tier was $99 a month.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Once you got to about $10,000 a year, you were off of the self-service version of the product and you had to move into the enterprise version of the product.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

And so that was it depended on the time frame, but usually between 100,000 monthly active users and 250,000 monthly active users.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Since then, we've actually sort of basically disbanded those lower tiers so that the starting point today is about $10,000 a year.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Um, probably about 11 or 1200 paid customers and six to 7,000, uh, total companies using the service, including free customers.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

First of all, a lot of it's about giving them a lot of time to make the transition if they're not able to or willing to pay for the enterprise version of the service.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

So a lot of these things, I mean, we took up to 12 months to give them a really long window to make their decision.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Obviously, you're going to give people that have been with you for some time some incentives to make it easier for them to upgrade and stay on an enterprise service, at least for a certain period of time.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

And so I think at the end of the day, it was just about treating them with respect, right?

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Giving them the ability to download their data and have a smooth transition if we were no longer the right fit for them, which in some cases we were.