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Ray Rothrock

๐Ÿ‘ค Speaker
172 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

So it's all about investigation.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

information, knowledge, that's through the modeling, and the score.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

We score your vulnerabilities, we score your network, and you can tell every time you run Red Seal, did you make it better or did you make it worse?

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

So we've taken what's a very nerdy, technical, very complex subject and tried to simplify it to numbers that executives can understand.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

That's what Red Seal does.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

Average ACV?

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

Well,

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

Let me explain.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

We land into a deal, and then maybe over two or three years, we expand into that deal.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

You referred to that $31 million deal.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

We have several very large deals.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

It started small, maybe $100,000, $150,000, $200,000.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

But over time, you get to the scale you're talking about.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

It's usually $4 million or $5 million a year.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

We've gotten some up to $3 million.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

We had one go to $11 million in the fourth year.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

So it just varies on how quickly the product is adopted into the network.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

About 240, mostly all global 2000 and federal.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

We have every Intel agency, all of the DOD, their services, and many of the civilian agencies are our customers.

SaaS Interviews with CEOs, Startups, Founders
927 SaaS Security Company Hits $40m in ARR, $.50c on $1 to Bottom Line

Yeah, it sure does.