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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

They didn't invent email, but what they helped build is a platform to make it easier for marketers to build and coordinate and run campaigns.

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

And then it became something big, right?

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

Same with video.

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

Same with what David Cancel, if you know David over at Drift, is trying to do with chats and bots and that kind of stuff.

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

And we're trying to do that for Interactive.

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

And so I think we as a company will always have a higher churn rate on the customer count over the next five years than an established vertical, right?

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

A lot of the CRM, marketing automation, analytics, those guys, their churn rates should be much lower because they're known quantities.

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

If you're going to bring in Domo or you're going to bring in Sitecore,

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

You're going to keep it for a long time, right?

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

We're pretty much about 100% MRR retention, right?

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

What about logo?

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

Logo is less.

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

I don't know my exact logo churn, to be honest, because part of the reason is, and this is one of the things we do at the end of every quarter and end of every year, we look back at all the churn and we look at why did you churn?

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

And so part of when we think about our ideal customer profile, we've found customers under 50 million, very high churn rates.

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

Right.

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

Right.

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

Yeah.

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

Right.

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

Right.

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

So we look at, we think about churn in terms of the customer, um, you know, and, and people, they may not be ready to try something new at the scale that we want them to try that.