Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Will Bressman

๐Ÿ‘ค Speaker
145 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

So Cleveland was a place that, um, you know, actually my business partner has some family connections too, and was happy to live there.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

So, so he moved there and kind of runs our operation in the Cleveland location.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

And I'm, I'm the leader in the New York operation.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

So we sort of have two categories.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

There's the overall, which includes people going out of business and then what we call preventable.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

We're above sort of 90% in gross retention and even higher in what we call preventable retention.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

Logo.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

Revenue actually over 100% because of increases.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

It's a little over 100%.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

Sorry, net is over 100.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

Gross is in that same sort of 90-ish percent.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

No, just a little over 100.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

And the reason for that is sort of twofold.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

One, primarily, as I mentioned, most of the people that we lose are the ones that go out of business.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

And those typically are a little bit of the smaller firms.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

And then as part of our sort of model, which is very transparently listed on our pricing page, we're not necessarily sort of like increasing prices all the time.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

What instead we do is as firms grow, they add individual users and embedded in our software is

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

a sort of per user way obligation because we have a lot of supervision tools for all the individual employees at the firm.

SaaS Interviews with CEOs, Startups, Founders
1597 How He Used a Search Fund To Build $7m ARR Company, Low Risk

So it's a nice organic model to continue growing because we basically, as the firms grow, get to partner with them, but are not necessarily like passing through massive price increases all the time.