Genesys may be the first of a flood of PE-backed SaaS IPOs in 2025; however, the IPO bar is just spectacularly high right now at around 500 million ARR, growing 50%.
To get private equity interested, a company has to hit 20 million ARR, with 30% growth and 0% losses.
AI can enable B2B companies to access more budget. A recent study notes that 74% of respondents expect their budget to rise in the upcoming year, with 59% stating the driver is experimental budget for areas like AI.
Dave believes customer success remains essential as it drives up each customer's NRR by keeping them happy and helping them achieve better business outcomes.
Founders must make a credible growth reacceleration plan or drive up pre cashflow if growth is less than 25%.
Clever pricing models are worth the friction only if your business plan is predicated on price model disruption.
In enterprise software, vendors can raise prices to a certain point based on value delivered, price of alternatives, and switching costs.
Vendors may have trouble finding new deals or may renew a customer that will start a replacement project causing the customer to move out.
Customer success helps drive NRR by keeping customers happy and helping them achieve better business outcomes.
The role of Customer Success has lost its plot as it used to be focused on driving up NRR by keeping customers happy; instead, it should be a specialization of sales that helps drive revenue.