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Approaching Half a Million Customers: How to Win in SMB with BILL CEO and Founder René Lacerte

SaaStr

With a trillion in payment volume coming through BILL in the last five years, managing the payment and compliance engine has required an ongoing effort of a sizable team. SMB Unit Economics: Why Is 6 Quarters the Right Target for SMBs at Scale? BILL wants to be at the heart of every SMB business.

SMB 310
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Scaling 6 Products to $100M+ ARR Each: Samsara’s CPO Kiren Sekar on Multi-Product Growth

SaaStr

” Despite his engineering background, Sekar helped Meraki build a scalable go-to-market engine for their wireless networking products. Mid-Market Is The Perfect Laboratory For Both Product and Go-To-Market Development Most founders falsely view market segmentation as a binary choice between SMB and Enterprise.

Scale 262
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What Really Works When Hiring VPs and Executive Teams with HubSpot Co-Founder and Chairman Brian Halligan and SaaStr CEO and Founder Jason Lemkin

SaaStr

You may think competition matters, but a great head of engineering and product will outpace the competition. Our head of product, head of engineering, like pretty much everybody in leadership. A bunch of them we hired out of business school, or out of engineering school, and came up through our farm system.”

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It May Be Easier to Sell a Second Product to New Customers, Not Existing Ones

SaaStr

We’ve all learned we need to generally bring second products to market earlier than before, often as early as $10m ARR, to keep the engine going. New SMB customers often don’t already have a next-gen payroll platform in place. Which nine times out of 10, you should. They are SaaS for spas and salons.

SMB 211
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Usage-Based Revenue Models: Successes and Pitfalls from Checkr COO Lindsey Scrase on CRO Confidential

SaaStr

The SMB sales team was incentivized purely on logo acquisition rather than revenue. In addition to flipping comp plans from bookings to revenue, Lindsey also implemented a process step for Checkr’s presales team, and solutions engineers to sign off on product commitments in a deal before it closes.

Revenue 296
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5 Interesting Learnings from Freshworks at $800,000,000 in ARR

SaaStr

Today it’s at: $800m ARR Growing 22% 20% Free Cash Flow Margins Modest re-acceleration in revenue growth and new customer count — but not NRR Roots are SMB, but 60% of ARR comes from mid-market and enterprise today And a $4B market cap, so 5x ARR Freshworks is getting a bit of a second wind, which is great to see!

Scale 274
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Zoom at $4.5B in ARR: Enterprise is Growing 24%, But SMB Churn is Dragging Overall Growth Down to … 1% for 2024

SaaStr

While Zoom Enterprise is growing at a healthy clip, churn is over 3% a month for its SMB customers As a result, it’s now predicting 1% growth next year 1% pic.twitter.com/i2k2W9QbVX — Jason Be Kind Lemkin  (@jasonlk) February 27, 2023 So Zoom has just been the craziest story of all time in SaaS. It probably couldn’t last.

SMB 276