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Challenges and Contraction in the SaaS Industry
This chapter discusses the challenges faced by SaaS companies due to customer contraction and decreasing ACVs. They also highlight the impact of the current macro environment on the software industry and discuss how Sosgrid attracts customers.
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Today’s show:
SaaSGrid Co-Founders Ethan Ruby and David Sacks join Jason to demo SaaSGrid and break down the solution it provides for founders (3:12). They also cover the software recession (26;18), AI’s impact on SaaS (36:41), and much more!
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Time stamps:
(0:00) David Sacks and Ethan Ruby join Jason
(3:12) The solution SaaSGrid provides for founders
(7:02) Ethan demos SaaSGrid
(9:25) House of Macadamias - Get 20% off and a free box of Namibian Sea Salted Macadamia Nuts at https://houseofmacadamias.com/twist by using code TWIST20
(10:45) Burn multiple and startup efficiency
(16:27) Fixed cost of a SaaS business today and major roadblocks in SaaS
(20:40) Determining target customers and when outbound makes sense
(25:10) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(26:18) Headwinds against SaaS and the software recession
(30:12) The MRR chart and analyzing contraction and churn
(35:13) Fitbod - Get 25% off at https://fitbod.me/twist
(36:41) AI’s impact on SaaS companies
(41:47) The ZIRP/COVID-19 bubble and founders skipping funding rounds
(44:37) The 3 MOST important things for SaaS companies to pay attention to
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Check out SaaSGrid: https://www.saasgrid.com/
FOLLOW Ethan: https://twitter.com/ethanjruby
FOLLOW David: https://twitter.com/DavidSacks
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Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four
Apply for Funding: https://www.launch.co/apply
Buy ANGEL: https://www.angelthebook.com
Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt
Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow Jason:
Twitter: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Follow TWiST:
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
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