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Will Shaw

๐Ÿ‘ค Speaker
190 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

I think we're between 105, 110% based off our upsell.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

But our goal is to get that to 120%.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

So it's a little bit of both.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

A lot of it originally was user base or user seats.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

And we just started doing that probably at the end of 2020.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

And then with the release of our new features that have rolled out back in April and May, and what we have coming in this later, we're getting closer to a 50-50 split and we're seeing the larger increase in cost because as people start adding more features, we also see along with that, the seats that come along.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

So somebody that just upgrades seats, they just upgrade seats.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

But somebody that's upgrading features generally is upgrading seats as well.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

So we're willing to spend, I mean, I look, I break this down in our marketing CAC as well as our own customer acquisition costs, including our sales rep, including our onboarding and things like that.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

So our LTV right now is somewhere ranging between, again, it's a guest because we're a young company.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

So this range is pretty

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

significantly but i would say we're steady between 12 to 14k in our ltb so right now we're willing to spend upwards of 1500 to get all in to get a customer because we can we can keep that kind of 10 to 1 ratio and that's what i was saying before we're investing more into onboarding because we think we can get our own customer acquisition costs actually up which is one of our goals get up with our onboarding um to around 2000 we think that can get us to a a closer to a 20 000 ltb

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

We're not trying to push our cap down.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

We're actually trying to push it up because if we figure if we can increase our LTV, then we could just outspend any competition.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

Not yet, but I'll loop back around with you and let you know down the road.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

No, I think we're going to be hyper-focused on being a vertical-based SaaS company.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

It's an interesting market.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

The more time we spend in here, we figure we can spend more problems or solve more problems.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

There's a lot of things we run into where companies have been in this space since the 80s and 90s, and a lot of them haven't.

SaaS Interviews with CEOs, Startups, Founders
BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation

A lot of our competition isn't even necessarily on the cloud, so we feel like we can be a real disruptor in the industry.