The Ledger
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Seat-Based SaaS Like Gong Faces Headwinds From Tech Hiring Freezes
“For Gong, I know I, we like them because they make the team more efficient, but we're also aren't hiring more salespeople and their model is seed based, and so they're not going to see as much intrinsic growth from all these companies not hiring as many salesp…”
Bendov: 99% of prospective investors rejected Gong's $6M Series A
“We raised six million. It was really hard. Like, nobody wanted to invest in us, Harry. Like, believe it or not, we struggled. Like, 99% of people said no. Passed on the opportunity. I kid you not.”
Bendov: 11 out of 12 Gong beta users converted to paying customers
“We had a dozen customers, and we reached out to all of them, and said, hey, sorry boys, the beta is over, it's time to pay. And they hated us. But, 11 out of 12 bought.”
Stebbings: Gong has surpassed $400M ARR and a $7B valuation
“The company has raised over six hundred million dollars from some of the best, including Sequoia, Thrive, Salesforce, and more, and Gong has surpassed Four hundred million in ARR, and serves thousands of customers, including multiple Fortune hundreds, and is v…”