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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

We say we close 20% of those deals of the demos we have, and then we back into a price.

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

We'd look at, in that case, somewhere we'd like to acquire that qualified demo for about $2,000, which is kind of a, that would be our CP objective 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

Yeah, well, that that's how you typically look at 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 think that's a I think that's a crappy stat.

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

Yeah, no, I don't.

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

I mean, you could we can that number looks very good in our decks.

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

I just think that stupid number by some Harvard analysis actually doesn't make any sense in the real world.

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

Yeah, when that number, one divided by your churn, will project your LTV at like, oh, you're three and a half years or four years.

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

Meanwhile, every year your business changes, your contract values change, your contract lengths change, your product can get better or worse.

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 really not relevant at all.

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

And projecting out of anything that projects at LTV a few years in advance is nonsense to me.

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

So I think you got to look at a much more short-term basis.

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

So I look at CPA objective based on where we currently are, what I consider the closer of my salespeople, what I consider a sales cycle, what I think is the potential upsell expansion opportunity based on that certain category.

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

So we can upsell e-commerce a lot more than say B2B right now.

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

So B2B, we'd have to acquire those leads or those qualified demos at a much lower price than e-commerce company, because I knew the room for expansion differently.

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

You'll add that into the LTV.

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

No one knows how long.

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

What I'm saying, that formula is nonsense because it takes where your current churn is or recent churn is

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

or aggregate churn, and it projects something into the future.

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

You don't know.