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Steve Richard

๐Ÿ‘ค Speaker
169 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

And I don't want to go into any significant detail there, but you can get a sense for how we start.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

Retention is over 90%.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

annually.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

So it's looking really good.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

And you can, you can also run the calendar math.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

So we're seeing all of our, of the first deals that I sold after we acquired a team visibility, all we're doing right now.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

And they were doing a little north of 90%.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

We don't yet because it's too soon, but you can guesstimate that it's going to be, depending on time value of money, multiply it times probably somewhere in the range of 7 to 10, one would think, based on the high renewal numbers that you would have.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

Yeah, it could be that high.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

We don't know.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

I mean, the reality is, Nathan, we're not sure at this point.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

Yep.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

Um, what, what we do know is, is we've got a nice ratio of, um, of, uh, uh, uh, of ACV to, uh, to, to customer acquisition costs.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

Something in ballpark 70%, I think it is, or 60.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

So LTV over ACV long-term, but we just don't know what the LTV is going to look like.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

All of them.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

They're either doing sales development or inside sales.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

15.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 532: $1m Raised, $70k MRR to Record Sales Calls and Coach with ExecVision's Steve Richard

And of those 15 people, five people are in sales.