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

SaaStr

So at BILL’s scale, you have to put programs into place across the company to connect employees to customers, to help you focus on all the different stakeholders vs just the contract signer. 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 307
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5 Interesting Learnings from Klaviyo at Almost $1 Billion in ARR

SaaStr

Klaviyo dominates marketing in the Shopify ecosystem and in ecommerce, and just keeps on scaling. 110% NRR from 157,000 SMBs Yes, it can be done, 110% NRR from SMBs. .” 110% NRR from 157,000 SMBs Yes, it can be done, 110% NRR from SMBs. SMB Weaker. It was the only SaaS IPO on 2023. The only one!

Scale 301
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Revenge of the SMB: Zoom & Shopify Got Even More SMB at $4B ARR, Not Less

SaaStr

One of them is a challenge to the rule that at some point, you have to go enterprise to really scale. Another is a related challenge to the idea that SMBs, since they don’t pay all that much, sort of “max out” These rules are still true in many cases. As Shopify crossed $4B ARR, it actually got a bit more SMB.

SMB 322
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HubSpot and Shopify Are Both Going More Enterprise. But Also — More SMB.

SaaStr

So two of the great leaders in SMB SaaS, Shopify for e-commerce, and HubSpot for sales, marketing and more, are going more upmarket: HubSpot 100+ seat deals are up 55% Shopify now gets 31% of its revenue from “Plus” or its bigger brands and more enterprise product And yet … they are also both going more SMB as well!

SMB 322
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5 Interesting Learnings from RingCentral at $2.43 Billion in ARR

SaaStr

Even With a Big Enterprise Push for Years, 60% of Revenue Still From Mid-Market and SMB RingCentral closed 20 $1M+ TCV deals last quarter. But even as they push more and more into the enterprise, the SMBs still are buying. A reminder to not stay too reliant on direct sales as you scale. Either way — ouch.

Scale 284
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5 More Interesting Learnings From HubSpot at $2.4 Billion in ARR

SaaStr

HubSpot has gone upmarket over the past years, while also remaining even more SMB-focused. 36K+ Deals Also Increased to 28% of the Base Shopify has seen something somewhat similar, as both have gone upmarket, growth in SMB and smaller customers have still kept up. Because even more start smaller than ever.

SMB 312
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Why SMB and Enterprise Sales Have Nothing In Common

SaaStr

Let’s break down for example what SMB sales at low price points typically is, and indeed needs to be, to scale: SMB SaaS companies are overloaded with “leads” They often have so many that they cannot follow up with all of them. SMB sales reps have to be hyper-efficient. You sort of have to.

SMB 332