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Ryan Urban

๐Ÿ‘ค Speaker
730 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

But for lower ends in the market, say companies that might be paying us $10,000 to $15,000 a month, we might be converting those at a higher rate.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

we, uh, the, the value might be even, uh, like that we're targeting them at $2,000 a month.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And, and some, some leads might be a 500 to a thousand dollars.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

What's, what's our target.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

We've, we've always been below our target.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

So that means like, what is it?

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

I don't really look at CactLTV.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

I look at the breakeven.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

I look at what are we going to make in the first year, which hopefully gets us a breakeven.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And then I look at our job is to expand upsell and keep that client.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

Well, um, way below that.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

So it's, it's, we're typically like, um, we're typically somewhere between 10 and 30% of, of whatever the breakeven is over the course of the year, just because it's not, uh, uh, it's, it's also how much, how much business our team can support.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

It'd been very, it would be very easy.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

If they're paying us $100,000, say our gross margin would be $75,000 or $80,000, but that's not including engineers, sales, all the other stuff.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

It would take us about a year to break even on that.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

I know that's about our math.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

So even if we do a one-year contract, we don't make money on that client unless they choose to continue to move forward with us after.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And some would even as long as that.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

But we look at it like so.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

We would try to acquire the client.