The Angel VC

JANUARY 4, 2011

was founded in 2008 by two extremely sharp students of the Cracow University of Science and Technology who wanted to build a simple, easy-to-use, web-based invoicing and billing application for small businesses in Poland. If you're new here, please start with part 1 , move on to part 2 and then (hopefully) return to this post.

Payment Solutions 104

Payment Solutions Payments Payment Features Software Review 104

SaaStr

NOVEMBER 28, 2019

How does a startup that launched during the financial crisis in 2008 become a unicorn company in 2019? So we started in 2008 June, 2008 I think and in three days we would celebrate our 11th birthday. It’s interesting to see how much has changed over the last 10 years, but in 2008 it was a very different time I think.

Sales Hiring 190

Sales Hiring Scale Sales Recruiting Government 190

SaaStock

FEBRUARY 14, 2019

In the past months, he has offered a pricing teardown to every subscription business you can think of, from Spotify and Netflix to NYTimes and Match.com.Patrick’s professional experience is diverse and curious: his first job was at the U.S. However, her path changed in 2008 when she took on a new challenge: an MBA in Business and Management.

Technical Review 207

Technical Review Scale Entrepreneurship Sales Hiring 207

Practical Advice on SaaS marketing

SEPTEMBER 5, 2012

In 2008, it spent 2.5 And in addition to the subscription fees, many pay for implementation, training and other professional services. (It Specifically, it illustrates the need for software-as-a-service (SaaS) companies to spend money - lots of it - on customer acquisition.

Acquisition 140

Acquisition Enterprise Revenue SaaS 140

Clouded Judgement

AUGUST 2, 2024

Wayfair CEO compared the drop in spend to home goods to the 2008 financial crisis: “Customers remain cautious in their spending on the home and our credit card data suggests that the category was down by nearly 25% from the peak we saw in the fourth quarter of 2021. Consumers appear to be slowing down.

Cloud 157

Cloud Azure GCP(Google Cloud Platform) AWS 157

The Angel VC

JANUARY 15, 2015

As I've written before , when Mikkel told me how Zendesk was doing sales and marketing in 2008, I was intrigued but also slightly confused. Customer success is not the only area which saw the emergence of "SaaS for SaaS" solutions – there are now dedicated products for subscription billing and subscription analytics , too.

Growth Hacking 113

Growth Hacking Scale SaaS Content Marketing 113

The Angel VC

DECEMBER 25, 2010

Since becoming a full-time angel investor in 2008 I’ve made 14 seed investments, with 4-5 additional ones being on the way. Except for two of my first investments that didn’t work out – rookie mistakes, fortunately pretty small ones – I’m absolutely blown away by the success of each and every company in my portfolio.

Cloud 106

Cloud Investment B2B Subscription 106

SaaStr

AUGUST 6, 2019

We looked at the world in 2008, 2009, and we said, “How come it’s almost impossible to connect two companies to do business, especially if they have complex business processes, but we can all connect as consumers on LinkedIn, Facebook, Twitter, every single day we want to do business? .” Subscriptions are like bonds.

Payment Solutions 179

Payment Solutions Payments Outsourcing Services SaaS Payments 179

SaaStr

OCTOBER 24, 2019

Exited to Semantic in 2008 and had a good exit for the early SaaS businesses then set up Notion and we focus on SaaS companies, mainly in Series A in the European market. Christian Lanng : So we started with something very, very narrow, which was invoicing. You pay a subscription. Did anti-virus and anti-spam and the cloud.

Payments 133

Payments Payment Features SaaS Payments Underperforming Technical Team 133

Tom Tunguz

JANUARY 1, 2017

Founded in 2008, AppDynamics is a leader in the application performance management space. They sell their APM software as a perpetual software license in addition to a subscription (SaaS). First, Subscription generated 80% of the revenue in 2014. The subscription gross margins of the two businesses are very similar.

Benchmarks 100

Benchmarks Metrics Software Review SaaS 100

Tom Tunguz

JANUARY 7, 2015

Unlike most SaaS companies who offer a single product, LinkedIn offers three: Talent Solutions, Premium Subscriptions and Marketing Tools. Salespeople buy Premium Subscriptions to network and search on the platform. In 2007, the Premium Subscriptions generated 53% of the revenue.

Sales Recruiting 100

Sales Recruiting Benchmarks Metrics SaaS 100

SaaSOptics

MAY 5, 2022

I thought about Savage’s experiment this week as I took up my new role as CEO of Maxio—a company that’s rewriting the rules for financial operations and subscription billing. You just need the right equipment, the right knowhow, the right team, and the willingness to be deliberate and mindful about creating the conditions for success.

Scale 98

Scale Technical Review Subscription Payment Features 98

Neil Patel

DECEMBER 5, 2020

It can be surprising how many other marketing and sales tools are included, even with basic-tier subscriptions. Phoneburner , as a company, has been a 100% remote team since 2008. An annual subscription costs $1,512, which breaks down to $126 per user/month. 1 – Phoneburner — Best For Remote Teams.

Software Review 143

Software Review Software Scale compliance 143

FastSpring

APRIL 22, 2020

In 2008, the whole market share was about $5.5 In the SaaS industry, 35% of customer retention is considered above average, and since you’re selling subscriptions, it’s essential to generate as many leads as possible. SaaS, or shortly, software as a service, experienced rapid growth in the last decade. Source: Dropbox.

Strategy 117

Strategy Marketing Software Review Business 117

SaaStr

JULY 25, 2021

When I was starting as a first time entrepreneur in 2008, I got rejected by a lot of VCs. So billings is their way of trying to get a sense of how the business is doing because revenue for most subscription software businesses is a lagging indicator, not a leading indicator. So I think it plays on both dimensions. Jyoti Bansal: Yeah.

Sales Recruiting 261

Sales Recruiting Sales Hiring Scale VP of Engineering 261

Zuora

DECEMBER 20, 2019

This story, originally titled “Here’s how the 2008 financial crisis led to the dominance of subscriptions in the software industry, […]. The post The Dominance of Subscriptions in the Software Industry, and Why They’re Here to Stay appeared first on Zuora.

Subscription 40

Subscription Payment Features Software 40

SaaStr

NOVEMBER 7, 2019

Renaud Visage: What was okay in 2008 is not okay anymore today, because you have great platforms like Stripe, that have set the bar very high as to what kind of experience you should have when you’re a developer trying to integrate, and you have to at least offer something that’s in the vein of what’s available out there.

Payments 171

Payments Merchant Services Payment Solutions Payment Services 171

Chargify

AUGUST 6, 2019

Welcome to the Subscription Rockstars series! And, of course, we will pay special attention to how their subscription billing models and pricing strategies contributed to their growth. 2008: 317 customers. 2008: 42 employees. Take a look at the numbers from their first five years : Customer growth: 2006: 3 customers.

Subscription 40

Subscription Payment Features Revenue Software Review 40

SaaStr

JULY 22, 2020

We got started in 2008 when we first spotted this sort of new place in investing, which we called seed. For Instacart is very cleverly done is they have a subscription plan. But let’s lock them in to a year long subscription or two year long subscription, so that we really capture them afterwards as well.

Venture Capital 283

Venture Capital Travel Investment Marketplace as a Service 283

OpenView Labs

APRIL 16, 2020

Those who went through the 2001 and 2008 economic downturns emerged with valuable lessons on navigating a crisis—not to mention a heck of a lot of resilience. And we introduced a subscription business model. The suites and the subscription model have been a huge success. Both of these ideas are visible at Adobe today.

Leadership 70

Leadership Business Model Healthcare Travel 70

Baremetrics

MARCH 16, 2021

While blockchain technology was spearheaded by Bitcoin starting from 2008, using the technology for other applications became popularized around 2017. QuikNode is one of 900+ subscription-based companies using Baremetrics to understand key metrics and accelerate growth. Table of Contents.

Blockchain 90

Blockchain Payment Solutions Artificial Intelligence Payment Services 90

The SaaS Garage

FEBRUARY 6, 2020

Since 2008 a number of leading European SaaS companies, e.g. Contentful, Riskmethods, FreeAgent, Softgarden, Geckoboard, took advantage of The SaaSgarage’s unique cooperation model: They refined and shaped their business-, execution- and funding strategy, before they’ve hit the global roads in full speed.

Generative AI 90

Generative AI Artificial Intelligence CTO Coach Venture Capital 90

Intercom, Inc.

SEPTEMBER 22, 2022

And whether it’s things we’re doing in our lives or boring everyday business things like paying an invoice, every person, every company has a different process. You can see that companies that came about after 2008 or 2010 or so focus more on understanding the customer.

Interviewing 138

Interviewing Underperforming Technical Team Sales Recruiting Software Review 138

Buffer Resources

MAY 18, 2023

“I've been doing this since around 2008, starting in the world of personal essays and personal blogging when it was more prevalent on the Internet.” Whether you have a team or you're a solopreneur, you’ll likely need to block out time for tasks like bookkeeping and invoicing.

Social Media 110

Social Media Interviewing Payment Features Engagement 110

OpenView Labs

OCTOBER 6, 2021

After being founded in 2008, the company attracted a substantial amount of funding before going public in December 2014 – a rapid clip from startup to IPO. Shifting from subscriptions to a new consumption-based pricing model. Up until this point, New Relic had been on a relentlessly positive trajectory.

Pricing 81

Pricing Scale Compensation Subscription 81

ProfitWell

APRIL 30, 2020

Today, we’re proud to officially launch the ProfitWell Subscription Index —a dataset to keep you up to date on subscription market trends and the status of the B2B SaaS vertical as it stands today. About the ProfitWell Subscription Index. There you have it, your April 30 special edition episode of Recur Now.

B2B 59

B2B SaaS Subscription Payment Features 59

Incredo

NOVEMBER 1, 2019

Higher average selling prices bring higher expectations for these business relationships, such as signed contracts, premium service-level agreements, invoicing and the ability to speak to a staff member whenever problems arise. This one is less common in the SaaS industry but in general is considered by subscription based service providers.

SaaS Payments 157

SaaS Payments Payment Methods Sales Recruiting Sales Hiring 157

OPEXEngine

JANUARY 17, 2020

To see how COGs and gross margins are changing, take a look at these charts showing SaaS companies that IPO’ed in 2008 versus 2018. Average COGs in 2008 was 40% of revenue at the time of IPO, and gross margins averaged 60%. with a number of companies at over 80% gross margins. Digging into what you are putting into COGs is critical.

Outsourcing Services 53

Outsourcing Services Trends Outsourced Development Technical Review 53

Sales Enablement, SaaS and Growth

MARCH 23, 2020

Subscription business model. Nudge: Improving Decisions About Health, Wealth, and Happiness brought the theory worldwide attention back in 2008. Customer data. Economies of scale. Freemium lead funnel. Network effects (marketplace). Operational efficiency. Personalisation. User generated content.

Underperforming Technical Team 213

Underperforming Technical Team Scale Sales Hiring Marketplace as a Service 213

Kellblog

MAY 21, 2019

Rule of 40 could have a lower R-squared than revenue growth alone — in fact, it did back in 2008 and in 2012. 2] If calculated using subscription revenue growth, it’s 137% + -26% = 111%, even more amazing. Probably still worth looking at, but it sure gets a lot of PR for explaining only an incremental 7%.

compliance 75

compliance Startup Software Trends 75

ProfitWell

MARCH 10, 2020

Listen wherever you get podcasts: Your top subscription news. After looking at 3,000 SaaS and subscription companies we saw that, in the early stages, remote companies are growing at a much slower rate than those companies where everyone is co-located. That’s it for your March 10 episode of Recur Now. Work from wherever.

Compensation 66

Compensation Subscription Payment Features Company Culture 66

Neil Patel

FEBRUARY 12, 2023

Since 2008, spending on SEO from 2008 to 2020 has grown over 7x from $11.5 Can’t Measure SEO Impact on Retention We can extend the customer’s lifetime value using SEO through various content strategies, like recurring subscriptions or building tools that people can use. What is SEO? billion to just under $80 billion.

Social Media 75

Social Media Forecasting Branding Investment 75

Intercom, Inc.

AUGUST 8, 2019

This was 2008, and by the time I left, I think there were 3,000 employees. I ran the @support account, which I think is now @TwitterSupport. I started to grow up at that company. It taught me a lot, especially support at scale and seeing something scale from a tiny little company. I want to walk away.

Scale 168

Scale Scaling Engineering Airlines 168

OPEXEngine

OCTOBER 17, 2019

SaaS vendors delivering subscriptions as well as professional services typically have gross margins between 60-70%. Better cost management of professional services for companies selling services alongside subscriptions. SaaS vendors with no professional services have the highest gross margins, typically above 80%.

Scale 40

Scale SaaS AWS Revenue 40

Chart Mogul

DECEMBER 20, 2023

Sure, there are a lot of CRMs on the market, but our unique ability to combine subscription data with sales opportunities and customer communication all in one place has proven powerful. Next year we’re expecting SaaS to remain difficult, but with ever improving conditions. We have a clear focus, strong plan and a great team. Bring on 2024!

Scale 52

Scale Subscription Payment Features Benchmarks 52

OPEXEngine

MAY 10, 2022

If you look at public companies in 2008, for example, Salesforce and Netsuite, these SaaS leaders maintained their growth despite the Great Recession. This ratio is calculated by the change in subscription revenue between Q3 and Q4, multiplied by 4, and divided by the sales and marketing spend for Q3. A ratio over 1.5

Technical Review 59

Technical Review Systems Review Benchmarks Investment 59

OpenView Labs

MAY 29, 2020

Sometimes all that was needed to close the deal was allowing them to make most of the payments in the next fiscal year, with just a small down payment when the work started. I could get full price by deferring payments by just a few months. Develop subscription models. Offer volume discounts, not general discounts. “It

Payment Methods 54

Payment Methods Sales Hiring Marketing Advertising 54