Randy Wootton
๐ค SpeakerAppearances Over Time
Podcast Appearances
What I would say is a lot of our contracts are TCV.
So they're multiple year deals because what you find with these large enterprises is they run a robust RFP process and they're looking for partners.
And so if you make it all the way through and you get to the end, they often say, great, let's do a three year deal.
They're also looking for preferred pricing if they make the commitment and that such.
But it's very, very different than like a mid mark high transaction sale.
I won't give you the exact number.
I would say all of, or I'll tell you this, 95% of our deals are paid up front.
A large percentage of them are paid annually on the contract date.
Some are paid up front fully.
So what's neat about this business versus when I was at Rocket Fuel is
where we were having to buy inventory, chase agencies to get paid.
They had to go chase advertisers to pay them.
We were basically playing a bank to the agencies.
In the pure SaaS model, where you get paid up front, the more you grow, the more cash you have.
It's a wonderful working capital dynamic.
And you also reduce churn.
You also reduce overall cost of customer acquisition costs.
So, you know, bigger deals, longer terms.
I will always go for those.
Great question.