Trending tweets about saas

John Rush

@johnrushx

Apr 10, 2024

My life's mission is a Maker OS! - A merge of NoCode, Pro Code, and AI to build, grow, manage, and monetize Web/SaaS businesses. All-in-one. Every action is a part of a plan. Nothing is random. Final goal: help bootstrapped founders beat big guys. x.com/johnrushx/stat…

Catalin

@catalinmpit

Apr 09, 2024

One of the scariest things (for me) when it comes to running a SaaS is collecting payments and dealing with taxes. That's one of the major things that puts me off from actually launching a SaaS. I have lots of ideas, but I just scrap them...

Victor 🧢

@victor_bigfield

Apr 12, 2024

Real life of a SAAS founder who thinks he has his 1st user pic.twitter.com/NvvsNdLAIZ

Gokul Rajaram

@gokulr

Apr 11, 2024

MORE ON SUBSCALE IPOs New tldr: Don't go public unless you have a path to $1B high margin revenue in ~5 years. Lots of discussion and feedback re: my earlier post on subscale IPOs. I went back and dug into the data. Important note: the ARR numbers below are not ARR at IPO, but present day ARR. However, important to look at the "Company Age since IPO" in conjunction with the ARR number. The IRR from IPO price starts being positive for companies between $700M-$1B ARR, but the company age since IPO is 3 years. So, if you're a $250M company, you need to grow 40% a year for 3 years to get to $685M, and then grow 30% annually for two years to get to $1.1B. So that's a five year path to $1B. In other words, a $250M / 20% grower (unless that 20% has been proven to be durable over 2-3 years) won't be able to go public. But a $250M / 50% grower with a path to $1B in 5 years, will be welcomed by the markets, and the welcome will get stronger as there is proof of the persistence and durability of this growth rate.

Tibo

@tibo_maker

Apr 25, 2024

Businesses I failed at: Saas Businesses I succeeded at: Saas More than a dozen of my projects failed before Tweet Hunter! Just keep going. You only need to win once.

Yifan Goh

@imgyf

Apr 06, 2024

$9 SaaS sucks. It leaves you no room for paid customer acquisition. And you need A LOT of sales to make a million bucks. Make a higher value product if you can. (Yes, I’m calling out on myself)

Jason ✨Be Kind✨ Lemkin  🇮🇱

@jasonlk

Apr 12, 2024

A certain ... malaise has slipped into SaaS. A dourness, a resignation that nobody is buying anymore, that maybe SaaS is sort of "over". I get it: - public SaaS companies' average growth has slowed to < 20% - buyers are still asking for reductions at renewals - many buyers are wary of adding more apps to stack - multiples remain not just well below 2021, but well below historical averages (see @jaminball 's weekly chart below) - VC capital has dried up for many that are no longer outliers What I think is really fueling the dour vibe though is the >length< of the “downturn” in SaaS buying cycles, in SaaS multiples, and SaaS valuations has been the longest of my career.   Going on 2.5 Years now. 2022, 2023, 2024 now. What’s to be done?  I can’t magically change enterprise buying patterns or customer appetites.  But I can suggest leaning into what’s working: 1⃣First, go all-in on driving true efficiency gains for your customers We’ve always sort of faked the efficiency of business software with ROI calculators and such.  Now is the time to do it for real.  If you can truly eliminate half the headcount in the support department, or half the SDRs, or truly make an engineer 2x as productive, now is the time.  But prove it.  For real.  Nail this. 2⃣At least be at “AI Parity” with the competition Does AI today magically change every category?  Maybe not.  Is AI not quite there in some parts of SaaS?  Maybe so.  But no matter what, customers want improved efficiency from AI.  There's huge momentum there.  So at a bare minimum, don’t lose deals due to not having competitive parity here. 3⃣Close every customer For the past 18-24 months, we’ve been leaning in hard on the existing base.  Raising prices multiple times.  Forcing upgrades.  Etc. Etc.  Maybe that worked for you in the short term, maybe it didn’t.  But it doesn’t work forever, and it doesn’t make customers happier.  The best way to ensure a brighter future is literally to close every single prospect you get that you can make happy.  Does that mean a cheaper edition?  Maybe do it.  Does that mean making your free edition … more free?  Do it.  Does that mean letting folks downgrade instead of leave?  Do it.  Does that mean not forcing everyone to go through a qualification process if they don't want to?  Then don't make them.  Go long here.  What’s most important is that you increase your new customer count 20%-50% a year.  That’s your future. 4⃣Grow usage faster than revenue This is somewhat related to the prior point.  Growing revenue at the end of the day is what matters.  But if your usage isn’t growing even faster than revenue, your future looks darker than your present.  Pick your top 1-3 KPIs for usage, and make sure they are growing faster than revenue.  MAUs, DAUs, revenue under management, API calls, records, whatever.  Pick a core usage KPI or two and make sure their growth is even faster than revenue growth. Times are tougher for many today, but not all.  You can’t fix everything.  But there is a lot you can do to invest in the future, right now. At the end of the day, SaaS spending has grown > 10% a year every year, for … forever.  Even now in 2024+, per Gartner, it still is , even if it doesn't feel like it.   Even at $200 Billion+ a year in SaaS annual spending already, and $1 Trillion in overall software spend, customers are still spending far more each year than the last. They just at the same time, looking to spend it on fewer overall new vendors, and earmark more of it for AI promises of efficiency.

Pat Walls

@thepatwalls

Apr 09, 2024

Wow... $2M/year SaaS built in 8 months. Built off of a VERY SIMPLE idea: Go to Upwork. Pick ONE category. And build a better, more specialized version of it. – A single category. – Only vetted talent. – Boutique customer hiring experience. – Charge more $. This can be done in many categories, e.g.: – Designers – Marketers – Illustrators – Copywriters – Photographers – Video Editors – Accountants – Consultants – Coaches Huge opportunity. The business is called Distro and here's how fast it grew:

Klaas

@forgebitz

Apr 16, 2024

start a saas it's fun they say pic.twitter.com/G8g4c7Klqt x.com/forgebitz/stat…

Daniel

@growing_daniel

Apr 23, 2024

This is your last chance in history to build a startup and you’re working on digital marketing saas