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Seth Lieberman

๐Ÿ‘ค Speaker
283 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

physical service and you had to lease them from HP and you had to do the, and it was like, like, no, you don't have to do that anymore.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

So the cost of starting is, is awesome.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

It's dramatically lower.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

It also means the noise ratio is so much higher.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

You hang up the phone and 30 days later, you have a product, right?

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

So we view it this way.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

We've never lost a customer.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

We just haven't won them yet.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

And so even a customer who churns, we actually have a high rate where customers come back and sometimes they even churn again, right?

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

And that's part of being earlier than we even thought.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

On average, I'd say our lifetime customers are with us three to five years.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

The problem with CAG is it's a customer acquisition number and it doesn't account for the difference between closing up

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

Amazon or closing HubSpot, right?

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

You know, so if HubSpot buys a $20,000 license from us and Amazon, and they're not a customer, Amazon is a customer actually, and Amazon buys a $20 million, our CAC is still the same, right?

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

So I actually, the way I think about it a little bit differently is, yeah, we look at CAC, though I don't know what it is off the top of my head because I haven't looked in a couple months.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

I like to look at dollars in versus dollars out, right?

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

So how many dollars of contract value did we sign versus how many dollars did we have to pay to sign that

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

We'll get it for the month.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

We'll look at an aggregate.

SaaS Interviews with CEOs, Startups, Founders
898 SaaS: SnapApp Lands Amazon as Customer, Passes $8m in ARR

So if this month we signed $500,000 of bookings, whatever it is, right?