annual contract value
also referred to as: acv
9 statements across 9 episodes · 6 bullish · 0 bearish · 6 people on the record · first statement Feb 26, 2015 by Jason Lemkin · across every show →
Everything said about annual contract value, oldest first
Feb 26, 2015 neutral
Nov 5, 2020 positive
Lemkin: Selling at target ACV builds necessary skills regardless of product
“If your product today is, say, 300 bucks a month, ok, and that's great, but next, but you're starting to get a few bigger customers, and your goal next year is do 20 K deals, 20 K ACV deals. If this person has sold at 20 K, he or she will have developed the sk…”
Nov 30, 2021 positive
Feb 11, 2022 positive
Gorgias gave $1,000 iPhones for referrals against a $3K ACV
“So incentives for us where we offer an iPhone if you refer us to customers. So if you just do the math, an iPhone is like a thousand dollars, ECV is a three K, and then you have a NR that is like around like 90 90%. So it's like super worth it because your iPh…”
Mar 15, 2022 positive
Aug 3, 2022
Sep 16, 2022 positive
Lemkin: First software sales hires must have sold at comparable ACVs
“When you hire your first couple reps, they do need to have sold a software product And I vaguely similar, something, at least at vaguely close to your ACV, like they can't have sold pool equipment or plastic. I sometimes people hire that. I all, it can work ou…”
Nov 23, 2023 positive