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Scott Sessions

๐Ÿ‘ค Speaker
129 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

So we launched earlier this year, my partner and I. April timeframe was our launch point.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

Since then, we've signed two major clients, one of which is a global RPO, Cielo Talent, formerly

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

pinstripe.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

Uh, and that's one I can talk about cause they went out public with that.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

Others, uh, the other didn't, doesn't want to talk about it yet, but they are a fortune 100 company and utilizing our platform within integration to their ATS.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

Uh, actually those are our higher end customers.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

So we're already

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

Close to a million in annualized revenue.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

OK, do you only have two customers?

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

So, no, we've got a handful of others.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

OK, so that is that average down.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

But those two that I really want to talk about are our higher customers.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

Well, because that's where retention comes in.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

when customers know that they can rely on a partner to come in and take good care of them, they're going to renew.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

So our retention will increase and continue to grow in the 80s and 90s percentage points versus

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

low touch and having that churn churn burns a lot of calories and frankly i want to focus on those who really want to utilize the tool and improve their diversity efforts yep and so it's it's a little early because there's not a lot of cohort or sample size here yet but i mean do you have any insight into what churn might be and what expansion might be year over year

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

You know, you're right.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

It's early.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

You could compare it to other subscription SaaS businesses that are focused in the talent space.

SaaS Interviews with CEOs, Startups, Founders
1633 Why He's Going $100k+ ACV From Day 1 in Recruiting Diversity Space

However, with D&I, because it is early and the results may vary from company to company, we're waiting to see what that churn is going to be.