Everything Guillaume Princen said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Princen: Requiring credit cards for free trials improves lead quality
“Requiring credit card details before a free trial usually helps. Cause you get much more qualified kind of people. You can focus more on, on those.”
Princen: Hybrid SaaS sales models fail often because company DNA favors one style
“There's obviously a hybrid models. Companies try to do both and some of them succeed, but it's actually hard because the DNA of the company is usually either on the left side or, well, either low touch, either high touch.”
Princen: 10% monthly churn in low-touch SaaS means zero product-market fit
“Two percent is a very good monthly churn for a low touch type business. Five percent is okay. 10% is a problem. 10% basically means you don't have any product market fill market fit and your business is, you know, is not sustainable.”
Princen: High-touch SaaS churn exceeding 15% annually is highly dangerous
“Seven percent annual churn is good. It's actually very good. 10% is kind of reasonable, but you want to be careful if you start going beyond the 10, 15% range.”
Princen: SaaS businesses must let quitting customers leave to avoid chargebacks
“Let real quitters quit. Otherwise you're going to enter all sorts of problems. You're going to have chargebacks. You're going to have extra costs because people are going to start to say, no, I didn't want to pay for this service bank. Please, you know reimbur…”
Princen: A 10% SaaS price increase drives a 10% valuation increase
“Imagine, you know, you're able to kind of increase your pricing by, say, one percent, 10%. That's a one percent or 10% increase of your company value in a SaaS business. We're looking at pure Margin here.”
Princen: Netflix gained 3-4% in value from a one-dollar price hike
“Netflix increased their prices by a dollar, you know, a few, what is it a few months ago? What did it change? For customers, not much for Netflix, you know, that's a, what is it? Three, four percent increase of value. Suddenly.”
Princen: Active user pricing reassures enterprise buyers against internal adoption risk
“And so this kind of idea of proactive user and active, you know, you can define companies spend, you know, hours defining what an active user is is actually much more reassuring for a customer because it kind of hedges the risk of change management training th…”
Princen: SaaS businesses have COGS between 5% and 15%
“SAS businesses don't have high cost of goods sold. So, you know, they have between five and 15%.”
Princen: SaaS companies cannot deploy sales teams on $324 customer LTV
“Like, you're not going to build a whole freaking sales team with, you know, salespeople spending days to close, you know, a customer if the customer is going to bring you 324 dollars in the matter of its lifetime.”
Guillaume Princen: Subscription E-Commerce Grew Over 100% Annually for Five Years
“Growth of the kind of subscription e-commerce industry has been over a hundred percent year on year for the past five years, according to McKinsey.”