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Steve Hartert

๐Ÿ‘ค Speaker
368 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And we will see what shows up as far as, is that one of our competitors?

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Is it something completely random that no one ever knew about?

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And so when we structure it that way, the picture starts to develop and show you where that path is at and which way you need to go with it.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

I mean, really what we're willing to pay is, you know, I think we would go as high as maybe 20 to $30 per acquisition for a paid customer.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Um, but we're not paying anything near that, to be honest with you.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Um, because again, because the way our, the model works for us when they come in and they will spend, um,

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

they will generally come in as a free user to start with.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

We do get a certain percentage that come paid right off the gate, but we get a certain percentage that will come in as a free user.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And then when they, they will stick around as a free user, probably for say,

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

six to eight weeks maybe nine maybe 90 days and then they start to see the value and their needs grow and then at that point it's like well i need the i need to purchase the product because i need additional forms or i need more form submissions or i need additional features maybe they want to take more online payments something along those lines and then from that point then they come on and then the long term the long term of a customer for us is and we measure that in years how many years do you assume they stick with you usually

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

According to our measurements, we have an average of right around three years with a paid customer.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

So you can see if we're looking to go in as high as $20 an acquisition cost or maybe even $30 an acquisition cost, and we're multiplying, say, even if they came in at the low rate at $19 a month times 36 months.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

That's pretty good.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Right.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Yeah, the churn, I mean, we've been studying our churn for the last, really since I came on board.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And what I'm looking at on the churn, our churn rates are probably, I wouldn't say they're average.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

They're average for our space.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

We want them to go lower.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Yeah, I think in the space itself, it's around 5% is probably your typical, actually 5% to 7%, I would say, probably your typical churn.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

That's actually, that's the monthly churn.