Top SaaS Insights of the Week:
“A lot of startups treat pricing as a math problem or, worse, an afterthought. Pricing is as much an art as it is a science, one that relies as much on marketing and psychology as it does on classical economics.” You might want to revisit your product pricing using The Sequoia Guide to Pricing.
So how much traction do you need to raise money? The answer is – there’s no hard number. This is what Josh Breinlinger of Sigma West is looking for: “What I want to see is something that looks like it will continue to grow and scale consistently for many years to come.”
“The good thing about SaaS is the revenue recurs. The bad news, is it always has to be recurring by a materially higher absolute amount each quarter, each year.” Highly recommended reading from Jason Lemkin: what to do if your business decelerates because it happens to everyone, as least at some small scale.
How to use upselling to increase customer happiness, retention and revenue – you did read that correctly….upselling! Len Markidan at Groove explains the three reasons why “upsell” isn’t a dirty word. “But when used properly, upselling can actually bring you closer to your customers, while bringing you more revenue, better retention and lower churn.”
What are the three things recurring-revenue companies get that others don’t? Let’s start with: customer experience investment has financial growth impact. “It’s only a matter of time before the post-sale expectations that recurring-revenue companies are setting with customers spread to other companies. Trust me, you want to be on the right side of history on this one.”
Super SaaS Fundings:
Ever notice the Graph Insights on CrunchBase? Look to the right hand side of the search results for a given company – the graph insights identify other companies those same investors invested in.
Context Relevant – A big data analytics company raised $13.5M in Series B funding
Zoomdata – The fastest big data exploration, visualization and analytics platform raised $17M in Series B funding
Good Technology – A pioneer and world leader in secure mobility solutions for businesses raised $80M in Private Equity funding
Opal Labs – The most comprehensive collaborative planning platform for brand marketing teams raised $8M in Series A funding
ScribbleLive – The leading end-to-end content management platform raised $12M in Series C funding
Newest SaaS Services:
From Product Hunt – discover a collection of tools for investors and read the story of building and growing it in Making Product Hunt. And a few of the 100 new startups featured each month from BetaList.
Centask – Your entire workflow in one simple app
JobBliss – Building a flexible freelance workforce for the future
Comnio – Get better customer service
FunnelOptimizer – No one signs up for your newsletter twice
Roundview – Your online reading profile
ShipHawk – Technology for shipping the big stuff
An Infographic of Interest:
Other Great Weekend Reads:
Looking for the ultimate pitch perfect value proposition? Aren’t we all! Craig Morantz identifies the four power steps to get you there. “It’s essential to understand the gap between how you are seen and what your business can actually deliver, it has never been more important to pay attention to how the customer is interacting with your product and service.”
“It’s happened to all of us—you’re in the shower and inspiration strikes. You struggle to remember when you get out. Sometimes you’re successful, other times, maybe not—but why is the shower such a prime place for inspiration?” Find out why good ideas always come in the shower (and how to harness them).
“Through SaaS, many organizations are achieving enterprise efficiency, deeper collaboration, better decision making and market agility.” And SaaS is heating up industries and forecasted to grow to $45.6B by 2017. Here’s why so many companies are adopting SaaS.
And in case you missed it from the Amity blog: The Good Stuff on Customer Success you should be Reading
Want something added to the SaaS 2.0 Tattler – let us know! And let us know your take on the SaaS 2.0 Tattler in general – we’d love your feedback.
Curated by the team at Amity using the outstanding tools provided by Product Hunt, BetaList and CrunchBase. We encourage sharing and subscribing!