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Santiago Bibiloni

๐Ÿ‘ค Speaker
301 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

But once these companies try to professionalize them better, they need to jump to a vertical solution.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

That's what happened with Procore in the construction vertical, for example.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

I see.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

And so when they do jump to you, on average, what are they paying you per month to use your technology?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

Yeah, so they pay $30 per user per month and they will have access to the whole solution.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

It means you'll send estimates, you're going to manage projects, fees, overheads, your invoicing and everything.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So what's the average?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

What I'm asking is not necessarily the per seat average, but the actual company average.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

When a company signs up with you, what are they paying you on average per month, would you say?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

Today, our ACV is $19,000 per year.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

But of course, we have enterprise customers that are paying us over $100,000 per year.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

And we have some now.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

We have a lot of SMBs who are paying, I don't know, like 5K a year.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

Yeah, that makes a lot of sense.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So you have sort of different sales motions, sort of an upper mid-market at $19,000 ACV, then an SMB motion as well, which hopefully is probably closer to no touch, right?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

Yeah.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

What does your team look like today?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

How many folks do you have building this?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

66 65 66 okay and and what's the breakdown how many would you say are engineers so today we have half and half we have just closed our tsa so we're going to invest 70 growth and 30 product okay but how many engineers are the 66 today 30 yeah okay and i guess the reason i'm asking is when you look at your sales motion do you have quota carrying sales reps or is most selling happening no touch

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So as a company, we target more the enterprise segment.