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Scott Brandley

๐Ÿ‘ค Speaker
111 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Actual paying customers.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

No, because what we've done, and I don't know if every company does this, but as we've grown and our prices have increased, we've, um, grandfathered our clients in at the prices that they originally paid.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Churn is 0.08%.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

You did your homework.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Yeah, but the reason I did my homework is because we almost got, we almost sold out a couple of years ago and Goldman Sachs made us figure it out.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Yeah, that's monthly churn rate, yeah.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

That is revenue.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

No, it's 10%.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Well, what we do is we do 0.08 times 12.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Well, we add it up over the year, but it ends up to be about 10%.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

For the year.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Okay.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

We have a pay-as-you-grow pricing model.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

What we found is that our customers are very sticky.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

And so when we get almost 100% of our revenue is driven by call centers, direct calls to different businesses.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

And so what we do is we can actually project how many reviews they'll get within a year, and then we lock them in at a fixed rate for life.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

It's about $400.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

In our call center.

SaaS Interviews with CEOs, Startups, Founders
1138 Goldman almost sold us for $12m, thankfully it failed

Got it.