September, 2016

article thumbnail

Should you take small checks from deep pockets?

The Angel VC

So you’ve recently started a company, you’ve started to talk to angel investors and seed funds about your seed round, and suddenly a large VC appears on the scene and wants to invest. What should you do? First of all, congrats. If a large fund wants to invest in your startup, that’s a great validation. Second, if you can get the brand, credibility, network and support of a Tier 1 VC into your startup early on, that can be extremely beneficial.

article thumbnail

Designing a Sales Quota Structure at the Earliest Stages of a SaaS Startup

Tom Tunguz

Creating and optimizing a sales plan for an early stage SaaS company is a challenging task. There are lots of different variables to manage and the truth is it’s always a work in progress even for massively successful businesses. But at the very earliest days, where do you start? Quota is a function of number of deals closed, sales cycle, price point and conversion rate.

Scale 155
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Your prospects have a day job

Practical Advice on SaaS marketing

Just because you may be spending all your time trying to market and sell your solution, doesn’t mean your prospective customer is spending all their time evaluating it. These prospects have other things do to. In most cases, the person looking at your software-as-a-service (SaaS) solution isn’t assigned full time to evaluate and buy new software for the business.

article thumbnail

PODIM 2016: Go home and hustle hard!

CloseSaaS

I recently had the privilege of speaking at PODIM, the largest and leading conference on entrepreneurship, startups and innovation in the Alps-Adriatic region. I used this opportunity to share my simple, but effective formula for getting what you want out of life and business.

article thumbnail

Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know

Speaker: Timothy Chan, PhD., Head of Data Science

Are you ready to move beyond the basics and take a deep dive into the cutting-edge techniques that are reshaping the landscape of experimentation? 🌐 From Sequential Testing to Multi-Armed Bandits, Switchback Experiments to Stratified Sampling, Timothy Chan, Data Science Lead, is here to unravel the mysteries of these powerful methodologies that are revolutionizing how we approach testing.

article thumbnail

VSA. Why this is Great for SaaS Companies!

Aber Law Firm

The VSA is a super new group called the Vendor Security Alliance. As soon as I read this article about it Link , I realized it was a great idea for all Software as a Service (SaaS companies) and will help get cloud service contracts signed. And hey, as attorneys that help SaaS companies get SaaS contracts signed, we were very excited. So here is our thinking: What is the VSA?

More Trending

article thumbnail

How to Perform a Growth Audit

Pierre Lechelle

How did you feel the first time you were tasked with growing a business you didn’t know much about? I bet you felt like the task was huge and you didn’t know where to start. Don’t worry… I felt the same way… I have already written about the Growth Strategy and implementing Growth Processes but what […]. Cet article How to Perform a Growth Audit est apparu en premier sur Pierre Lechelle.

article thumbnail

What's the Maximum Rate of Growth for Your SaaS Startup with Paid Customer Acquisition?

Tom Tunguz

How fast could a SaaS business grow on paid acquisition? If the business decided today to sprint and acquire as many customers as possible? We can model it with some assumptions, some of which are quite aggressive. Let’s take a startup with $1.2M on the balance dedicated to customer acquisition. Assume a $10,000 CAC, an 80% gross margin and a payback period of 12 months.

article thumbnail

Feature Engineering: A Closer Look, Part 2 [RS Labs]

ReSci

At Retention Science, we want to capture all sorts of variability in customer behavior in order to model behavior such as calculating purchase probability, predicting customer lifetime values, and optimizing which discounts are most appropriate for which customers. Once we acquire the raw data from. The post Feature Engineering: A Closer Look, Part 2 [RS Labs] appeared first on ReSci.

article thumbnail

Sales team not performing? How managers can turn it around

CloseSaaS

It’s 8.30. You walk down the corridor, coffee in hand. You can already hear the chattering. You enter the room and look around. Phones are ringing and fingertips are dancing across the keyboards. You can hear the excitement in the voice of your team members. The energy is electrifying.

article thumbnail

How Investors & Strategic Buyers Evaluate Integrated Payment Strategies

Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations. Investors and strategic buyers assess these integrated payment strategies as a measure of a company's growth potential and sustainability.

article thumbnail

VSA. Why this is Great for SaaS Companies!

Aber Law Firm

The VSA is a super new group called the Vendor Security Alliance. As soon as I read this article about it Link , I realized it was a great idea for all Software as a Service (SaaS companies) and will help get cloud service contracts signed. And hey, as attorneys that help SaaS companies get SaaS contracts signed, we were very excited. So here is our thinking: What is the VSA?

article thumbnail

Uber for Truckers: Cargomatic and the Perils of B2B SaaS Marketplaces

Software Platform Consulting

Sunday’s Business Insider had a great article on, Cargomatic, a company promising (as do many others) to be the “Uber for Truckers” By that, Cargomatic means it will match shippers with goods to ship with truckers with excess capacity. On paper it is a great idea in a huge market: less than truckload (LTL) shipping. As with all B2B SaaS marketplaces, however, the challenge is not the total available market, it is solving the “chicken and the egg” adoption problem

article thumbnail

Are SMB SaaS Companies Valued Differently than Mid-Market SaaS Businesses?

Tom Tunguz

Recently, we examined the comparative efficiency of bottoms-up and top-down businesses. Today, we’ll dig into valuation metrics to see if there’s any systematic bias in the investor community for SMB, Mid-Market and Enterprise SaaS companies. Using public data, I categorized the 50 or so public companies by ACV at IPO. SMB is less than $10k, Mid-Market is between $10k and $100k, and Enterprise is greater than $100k in average customer value.

SMB 100
article thumbnail

The Pressure to Move Up Market Facing SMB SaaS Startups

Tom Tunguz

ARR 1 5 10 25 50 100. New Customers per Year 1333 6667 13,333 33,333 66,667 133,333. When an SMB SaaS startup is young with quickly growing revenues, more of the same works. A $1M ARR SaaS startup with an average selling price of $750 per year needs to add 1,333 each year on average to double. Fast-forward two years when the company is at $5M in ARR and the business needs to be adding 13,333 customers each year.

SMB 100
article thumbnail

The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

article thumbnail

Startups as a Second Language

Tom Tunguz

Like many others, English is my second language. As I learned over time, there’s a particular way of ordering adjectives in English to make yourself understood. Opinion. Size. Shape. Condition. Age. Color. Pattern. Origin. Material. Purpose. Noun. That’s the order most of the time. When I say a unique large curvaceous second-hand modern orange checked Italian carbon fiber racing car, it rolls right off the tongue and you imagine a sleek, if garish, Lamborghini.

Startup 100
article thumbnail

How Should I Think About My SaaS Startup's Burn Rate

Tom Tunguz

If I made a word cloud of the terms in 2016 that dominated Startupland, burn would be among them and perhaps the largest. On the contrary, burn would be absent from the 2015 list, replaced by unicorn. Starting in the end of 2015, Public companies have markedly shifted the way they manage their businesses pushing toward cash flow positive and net income positive.

Startup 100
article thumbnail

Startup Best Practices 22 - Explicit Risk Bundles and Mitigations

Tom Tunguz

In Startups are Risk Bundles , Leo Polovets outlines the risks startups face as they grow. In particular, Leo identifies common mistakes when addressing that parcel of peril. Addressing minor risk by spending time and effort on low priority or low impact risk a common failure mode for companies. The business isn’t focused on the most critical issues.

Startup 100
article thumbnail

Product update: Goodbye mp3 files—Record and edit your voicemail greeting in-app

CloseSaaS

When was the last time you updated your voicemail greeting? Now there’s no excuse to have an outdated voicemail message, because we’ve made it easy to record a new one. That’s right, no need to upload mp3 files anymore—in-app recording has arrived. Here come the details.

52
article thumbnail

Driving Growth, Customer Satisfaction, and Retention through Usage-Based Pricing

As companies strive to boost revenue, deliver customer value, and stay competitive, they are increasingly embracing the potential of usage-based pricing.

article thumbnail

Upcoming webinar: How to hire sales people

CloseSaaS

Building a high-performing sales team comes with its own set of challenges. It differs in many ways from hiring for other departments and understanding what to focus on can be the difference between success and failure.

article thumbnail

5 things sales managers can learn from public speakers

CloseSaaS

“We need to increase our calling volume by 20% to reach our goals for this quarter.” Think your sales reps are feeling pumped? Probably not.

article thumbnail

Email editor improvements & squashing more bugs

CloseSaaS

We've made improvements to the email editor and how you create email templates. We've also fixed many of the most annoyingbugs in Close.

52
article thumbnail

How to experiment your way to more effective cold email templates

CloseSaaS

When was the last time you took a deep dive into the performance of your cold email templates? A month ago? Three months ago? Six?

52
article thumbnail

Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

article thumbnail

VSA. Why this is Great for SaaS Companies!

Aber Law Firm

The VSA is a super new group called the Vendor Security Alliance. As soon as I read this article about it Link , I realized it was a great idea for all Software as a Service (SaaS companies) and will help get cloud service contracts signed. And hey, as attorneys that help SaaS companies get SaaS contracts signed, we were very excited. So here is our thinking: What is the VSA?

article thumbnail

VSA. Why this is Great for SaaS Companies!

Aber Law Firm

The VSA is a super new group called the Vendor Security Alliance. As soon as I read this article about it Link , I realized it was a great idea for all Software as a Service (SaaS companies) and will help get cloud service contracts signed. And hey, as attorneys that help SaaS companies get SaaS contracts signed, we were very excited. So here is our thinking: What is the VSA?

article thumbnail

VSA. Why this is Great for SaaS Companies!

Aber Law Firm

The VSA is a super new group called the Vendor Security Alliance. As soon as I read this article about it Link , I realized it was a great idea for all Software as a Service (SaaS companies) and will help get cloud service contracts signed. And hey, as attorneys that help SaaS companies get SaaS contracts signed, we were very excited. So here is our thinking: What is the VSA?

article thumbnail

VSA. Why this is Great for SaaS Companies!

Aber Law Firm

The VSA is a super new group called the Vendor Security Alliance. As soon as I read this article about it Link , I realized it was a great idea for all Software as a Service (SaaS companies) and will help get cloud service contracts signed. And hey, as attorneys that help SaaS companies get SaaS contracts signed, we were very excited. So here is our thinking: What is the VSA?

article thumbnail

From Whims to Wins: How a Customer-Centric Portfolio Transforms Product Strategy

Speaker: John Mansour - President, Product Management University

You know that sinking feeling. You’ve come up with a winning product strategy, everyone’s on board and energized, and you’re halfway down the path to execution only to have it submarined by something someone convinced your leadership was more strategic! It’s a scenario that’s all too familiar, and it exemplifies one of the biggest struggles with individual product strategies.

article thumbnail

Pro Tips: Lunch Spots & Sights Near Shop.org 2016

ReSci

As every savvy conference-goer knows, it’s important to maximize your experience when attending great events like Shop.org. We’ve already covered our list of can’t-miss sessions to get the most of what the Summit has to offer — now, here are our pro tips on getting. The post Pro Tips: Lunch Spots & Sights Near Shop.org 2016 appeared first on ReSci.

40
article thumbnail

The Data-Driven Marketer’s Ultimate Guide to Shop.Org

ReSci

It’s that time of year again, and we at ReSci are gearing up for another exciting Shop.org! We’ll be heading to Dallas in a couple of weeks to learn about the newest trends, topics, and everything retail and digital commerce – and hopefully chow down. The post The Data-Driven Marketer’s Ultimate Guide to Shop.Org appeared first on ReSci.

Data 40
article thumbnail

3 Ways Glossier Mastered Content to Build Brand Loyalty

ReSci

Online beauty startup Glossier is experiencing some enviable growth. It has a vocal, enthusiastic fan base, largely comprised of the much-sought-after millennial crowd, and a strong, recognizable brand built on its cool-girl aesthetic. The ecommerce darling features products that sell out within weeks and waitlists that. The post 3 Ways Glossier Mastered Content to Build Brand Loyalty appeared first on ReSci.