Everything George Gallegos said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Gallegos: Jitterbit's architecture is more cloud-native than MuleSoft's
“We're very similar to what MuleSoft does but we're more more, more cloudy, if you will, than say MuleSoft.”
Gallegos: Jitterbit aims for IPO and positive cashflow in two years
“We've got two years of cash in the bank and our plan is to be cashflow positive and in a position to do an IPO at that time.”
Jitterbit's annual recurring revenue is between $40M and $50M
“That's probably still less. Yeah. 40 and 50.”
Gallegos: Jitterbit would reject a $500M buyout to pursue an IPO
“No, we, at this point, we've got a big a big growth opportunity and an opportunity to achieve an IPO. So that's the path our investors like to see us on.”
Jitterbit's average customer pays approximately $50K annually
“I would say the average is in the 50,000 per year range, which is why we're not similar to a Zapier, but similar to a Mule.”
Jitterbit's strategic investors include Salesforce, Autodesk, and KKR
“Salesforce.com was the first strategic investor, followed by Autodesk, and then last year I brought in KKR, the growth side, the technology growth fund of KKR.”
Jitterbit has raised $25M in total capital
“Twenty five million.”
Jitterbit revenue grows 70% to 80% year-over-year
“I mean, the market is growing at a very high pace, 50, 60%, depending on who you ask. And we're growing at 70 to 80%.”
Jitterbit has over 1,000 paying customers and 50,000 users
“We, they probably had 50 customers when I joined. We have over a thousand paying customers, but 50,000 users on our platform.”
Jitterbit uses a 10% free freemium model for Salesforce lead gen
“We have about 50,000 customers in the Salesforce ecosystem. And the goal there was lead generation, get our brand name out, let people get to know us, give them 10% of the value for free. Move big amounts of data in and out of Salesforce into flat files, datab…”
Jitterbit experiences approximately 10% annual customer churn
“About, on an annual basis, about 10% churn.”
Jitterbit's net retention rate is around 105% and improving
“And I would say our net retention is somewhere around 105% and improving. We've been improving that over the last year.”
Jitterbit achieves CAC payback in under two years
“We're, yeah, we're seeing a return in, in, you know, under two years, which is good.”
Growing Jitterbit clients typically double their spend in year two
“You know, some customers have quadrupled their spend, but I'd say on average, a doubling of spend is, is fairly typical with some of the clients that have the ability to grow.”
Jitterbit employs nearly 200 people globally
“We're just shy of 200 folks scattered around the world, headquartered here in Alameda.”
Jitterbit maintains a 1:1 ratio of SDRs to account executives
“It's about a one-to-one ratio.”