Michael Litt
person on 1 show · 9 statements across 2 episodes · said 9 times in 4 episodes since 2016
On the record as a speaker too: Michael Litt across every show, appearances and statements → this page counts the times other people say the name.
Mentions by year, every show
tap a year for its mentions
Top Founders 9
2018 1 mention in 1 episode
2016 8 mentions in 3 episodes 3 per episode
- EP 413: SaaS, $242k MRR, $13 Million Raised to Re-Invent Business Email with Mathilde Collin of FrontApp
- Ep 415: Phone Accessory Company Hits $2.5M Revenue 2015 with Noah Rasheta of iStabilizer
- EP 416: 4000 New SaaS Customers From Youtube On $100K Spend with Neil Patel of CrazyEgg
- every mention in 2016, scene by scene →
every mention on every show, scene by scene, with the transcript →
9 statements about Michael Litt, every show
Litt: Vidyard's fully loaded CAC payback period is around 18 months
“So our payback period now is, is in the 18 month range. But that is fully loaded.”
Litt: Vidyard's net revenue retention is above 120%
“Our internal target's 95 of which I'm compensated against. And then best in class net retention tends to be about the 120% range. And of course, based on that gross retention number and our 30% target, which we hit, we're above that as well.”
Litt: Vidyard is approaching 250 employees
“Yeah, so we're about double in size. We're approaching 250 employees now.”
Michael Litt warns founders against summer fundraising because investors withhold checks
“And, you know, it's either fall or spring. In the summertime, don't even bother. Investors just are not writing checks.”
Vidyard closed Series A and B funding rounds on Christmas Eve
“We raised our series A just before Christmas. It literally closed on Christmas Eve. Our series B also closed on Christmas Eve, and our series C Interestingly enough, closed on January fourth”
Vidyard surpassed $1 million in ARR during first year of sales
“Our first actual year of sales, you know, we broke through that million dollar ARR mark.”
Vidyard achieves 130% to 135% annual net retention including customer upsells
“Our net retention numbers, including upsell are in the 130 to 135% per year. So what that means is if we were to shut down all of our new business acquisition programs and just focus on Working with our customers, delivering new technologies and upselling them…”
Vidyard targets 95% annual gross revenue retention discounting all upsells
“Our growth retention target per year is 95%. So that is if like discounting all upsells and just looking at the base of customers we enter a year with from a revenue basis, we want to retain 95% of that revenue in the year. And that's an organization wide metr…”