Crystal
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2023 8 mentions in 1 episode
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32 statements about Crystal, every show
D'Agostino: 30% of Crystal's hires come from former employee referrals
“Now about 30% of our employees came from an alumni referral, and we've actually had some boomerang employees come back, too.”
Crystal gives employees a one-month sabbatical and $2,500 stipend after 4 years
“After four years there's a one month sabbatical, a paid sabbatical with like two and a half thousand dollar Travel stipend.”
D'Agostino: Startup candidates deciding against big tech want the challenge
“The first principle is that I found that the people who, especially the ones who are kind of tossing around between a big offer at a big company that feels safer and your startup, they're actually attracted to the challenge.”
D'Agostino: Sharing retention policies during interviews boosts candidate hiring and retention
“Building real policies at our company that had, that I now share in the interview process and actually really helps. And I think it's also helping retain, it's Really helping retain people for the long term.”
D'Agostino: Startup Recruiting Will Become Harder as Talent Avoids Risk
“I think this problem is going to get more acute as top performers also experience risk aversion, and they also are going to look at, all right, what are my options in these safer environments?”
D'Agostino: Average Startup Employee Tenure Is About 1.8 to 2 Years
“The average startup tenure, which tends to be around, like, 1.82 years, depending on how you measure it.”
Crystal increased overall customer LTV from $500 to $2,000
“Ultimately figuring out that we could increase our LTV from around roughly five, roughly 500 to 2000 total. And that's across the whole customer base.”
Crystal has been profitable for three years as of August 2022
“We've got plenty of cash because we've been profitable for about three years.”
Salesforce is one of Crystal's larger enterprise customers
“Salesforce is also one of our larger customers too.”
Crystal has not raised capital since a January 2018 Salesforce round
“We've not raised since January, 2018. That was the last round that Salesforce put in.”
Crystal was at a $3 million run rate a year ago
“A year ago, let me look it up real quick. I'm going to say three three ish somewhere out there.”
Crystal removed self-service paid signups from its pricing page
“As far as new customers go, you can right now, if you go to Crystal's pricing page, there's a free user. You can't sign up for the self-service account.”
Crystal retains over 3,000 legacy paying self-service users
“It's, I'd have to get the updated account, but it's more, it's definitely more than 3000. So it's more than 10 X that it's more than 10 X the enterprise customer base in terms of just number of users.”
Crystal gets 30,000 to 40,000 monthly signups for its free tools
“It's about 30 to 40,000 people, depending on the month, who sign up monthly for our product, and they go through the motion of filling out personality assessments, downloading trials of our tools.”
Accenture is a major enterprise customer of Crystal
“Some examples of those are like big professional services organizations, like Accenture is one of our big customers.”
B2B grew from 0% to 65% of Crystal's revenue since 2021
“So since like really the beginning of 20, 21, it's gone from almost zero percent B to B to about 60 to 65%.”
Crystal's B2B ACV is $8,000 compared to $500 for self-serve
“That is around, around 8000 annual annual contract value versus the self-service, which is historically for us been mostly monthly contracts, but if it's annualized, it's five or 600 dollars.”
Manual personalization from data enrichment is impossible at scale
“There's a lot of that data out there. And it makes it makes personalization on one hand possible, but on the other hand, really hard because it's impossible to do all that research and actually put that into action in an efficient way. If you're a sales rep or…”
Crystal targets B2B and high-touch relational consumer businesses
“We've got customers all over the place, but Primarily B to B. And if it is consumer, it's consumer, like very high ticket consumer items, really high touch sales processes, which are like very relational. So not so much transactional or e-commerce or anything …”
Crystal founder says self-service account LTV is just under $600
“On self-service accounts, LTV is just under 600.”
D'Agostino: Crystal can reach 10% MoM revenue growth by year-end 2018
“So, so this year our projection my target is to average 10% month over month revenue growth. We're not there yet, and the reason that we, the reason that it's going to take a little while is because we've got a lot of that hangover churn but I'm pretty confide…”
D'Agostino admits Crystal's monthly net MRR churn peaked around 7%
“The highest churn got to was consistently seeing seven, seven-ish percent net MRR churn per month.”
D'Agostino: Crystal approaches 2,000 customers in 2018
“We have about just coming up on 2000 customers now.”
D'Agostino: Salesforce led Crystal's Series A and has been fantastic
“Salesforce, Salesforce is our lead investor, and obviously they're a huge, scary company, but they've been, like, fantastic”
D'Agostino: Crystal has raised $7M in total capital to date
“We have raised a total of seven million.”
D'Agostino: 70% of Crystal's revenue comes from $29/month SaaS accounts
“There's two main revenue streams. One is a pretty standard SaaS model, and that's a 29 dollar a month account to get unlimited access to our tools. So somebody who wants to install our Chrome extension can get access to Crystal profiles whenever they're lookin…”
D'Agostino: Crystal predicts DISC personality type with 83% accuracy
“And 83% of the time we can properly guess what the primary personality type is when they take that assessment. So Crystal will get that about four to five times accurately.”