2min chapter

SaaS Interviews with CEOs, Startups, Founders cover image

Henry Schuck turned down $40m for 70% when he was 24

SaaS Interviews with CEOs, Startups, Founders

CHAPTER

The Problem With Billings

Billing became important for our company post ipo is that we weren't, we don't release an a, r r number. Instead we just tell him the revenue number. The revenue number is a lagging indicatorht, or its, it's a lagged indicator. So if i sell a whole bunch of deals in march, only a third of that actually shows up in revenue in that quarter and so revenue is always lagging. While billings, what i actually sent invoices out for, is something that they could get afield for what you actually sold in the quarter. We had never done that before. And so all of a sudden we started doing this thing that

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode