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Sheri Atwood

๐Ÿ‘ค Speaker
178 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

And then we have a free version of the product.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

So that has limited functionality that doesn't impact.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

You can use it on a day-to-day basis.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

So the value of our product is not what's happening on day-to-day.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

It's the actual history.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

So what do people pay $120 for?

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

To have that certified history that they need over time so they can have access to their information.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

Because at any point in time, if they have to go back to court, they have to provide a complete history of all the child support made or received.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

We also provide the certified court records that they can provide that and then for them to be able to submit that.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

So the value to them is not the day-to-day submitting the expenses.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

The value is that long-time history and proof.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

Got it.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

Um,

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

I don't think there wasn't one versus the other because it was a monthly, I mean, the yearly is something that will happen over time yearly.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

And we've shown from a churn rate perspective that we have very little churn once we get an active user.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

Churn on an active user is about 3% right now.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

is they've logged in and they use the system at least once a month.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

Well, right now our conversion rate to an active user for the new users from, let's see, from all the way to, if you look at the entire marketing funnel, we're getting about a 12% from visitor to paid user.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

They built that into the valuation, but for us, the bigger valuation is you look at the problem here, and if you look in the U.S.

SaaS Interviews with CEOs, Startups, Founders
714: You Won't Believe What This Divorced Mom Raised $7 Million For

alone, there's 55 million parents that have this problem, with 1.2 million new parents having this problem every year.