Christoph Janz

32 statements across 6 episodes · 6 bullish · 5 bearish · 2 people on the record · first statement Feb 4, 2021 by Christoph Janz · said 29 times in 11 episodes since 2017 · across every show →

On the record as a speaker too: Christoph Janz's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Jason Lemkin (13), Mikkel Svane (11), Robert Lacher (2), Devdutt Yellurkar (2), Guillaume Cabane (1)

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008315620172018201920202021202220232024episodesmentions
03620172018201920202021202220232024episodes it came up in
007.5315620172018201920202021202220232024episodesmentions per episode
2024 10 mentions in 6 episodes 2 per episode
2022 2 mentions in 1 episode
2021 1 mention in 1 episode
2018 3 mentions in 2 episodes 2 per episode
2017 13 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Christoph Janz, oldest first

Feb 4, 2021 neutral
Insight
Janz: Venture round definitions have shifted upward by an entire stage
“Like what used to be called a seed is now a pre-seed, what used to be called a series A is now a seed, what used to be called a series B is now a series A, and what used to be called A series C is now a series B. So you can almost shift the columns one step if…”
Christoph Janz Feb 4, 2021 ▶ 26:58 How To Raise Your Next Round: What Does it Take to Really Raise Capital | Point Nine Capital
Feb 4, 2021 positive
Insight
Janz: The top 20% of SaaS startups defy standard funding benchmarks
“The best or the hottest, if you will, 10 to 20% of the companies, they kind of defy all rules. So we've seen companies Raising at really very, very remarkable terms in the last in the last years, but even, even more so, or especially in the last 12 months. if…”
Christoph Janz Feb 4, 2021 ▶ 28:43 How To Raise Your Next Round: What Does it Take to Really Raise Capital | Point Nine Capital
Feb 4, 2021 negative
Insight
Janz: Preemptive VC Discussions Benefit Investors, Not Founders
“Investors will often try to pull you into preemptive fundraising discussions. I think that's mostly good for them, not necessarily good for the founders, and I think in almost all cases you are better off if you decide when you go out fundraising, and then you…”
Christoph Janz Feb 4, 2021 ▶ 31:07 How To Raise Your Next Round: What Does it Take to Really Raise Capital | Point Nine Capital
Feb 4, 2021 neutral
Assertion Supported
Janz: 2021 SaaS Series C Valuations Spanned $100M to $900M
“So you can see that the range for a Series C was thirty-five million to a hundred twenty million, and that valuation range was a hundred million to as much as Nine hundred million.”
Christoph Janz Feb 4, 2021 ▶ 24:49 How To Raise Your Next Round: What Does it Take to Really Raise Capital | Point Nine Capital
Nov 17, 2021 positive
Assertion Partly supported
Lemkin: Top VCs read every cold email and decide within a week
“Every single one of them said they read every single cold email they get, and every single one of them invests in one week.”
Jason Lemkin Nov 17, 2021 ▶ 45:55 The Highs and Lows of Fundraising from Founders That Have Raised $1B w/ Calendly, Coda, LaunchDarkly
Jun 29, 2022
Insight
Janz: Efficient startups with high burn should increase sales spend and cut elsewhere
“If you have an efficient sales and marketing engine, try to spend more on it, not less, and try to save money in other places.”
Christoph Janz Jun 29, 2022 ▶ 22:59 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022 bearish
Insight
Janz: Venture debt should be a last resort due to default risk
“Venture debt or revenue based financing, but it should probably be the last resort because it'll add a lot of risk to your company. So if you do that and things Don't work out, then basically the bank owns your company by the time you have to pay back.”
Christoph Janz Jun 29, 2022 ▶ 33:30 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022
Insight
Janz: Inability to find high-probability leads signals deeper product-positioning issues
“What you should maybe try to do is open up the funnel, try to get more leads but then let your sales team be picky to focus on the leads that have the highest probability of closing. And if you don't have any of these leads, then I think it's, it just points t…”
Christoph Janz Jun 29, 2022 ▶ 57:19 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022 negative
Insight
Janz: Fire any VP who isn't amazing after a few months
“Move on from any VP that isn't amazing. I think this advice has been given and repeated many times over, but it's doesn't make it wrong. If you've hired a VP, say it's marketing or any other function, and if he or she isn't absolutely awesome after a couple of…”
Christoph Janz Jun 29, 2022 ▶ 31:09 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022 bearish
Prediction Not checkable as stated
Janz: VC markets may not see 2021-level valuations for a decade
“My guess is that we will not go back maybe never, or maybe not for 10 years to what we've seen in 2020 and 20 21, where there was a lot of craziness, like every round being done in just a couple of days at insane valuations.”
Christoph Janz Jun 29, 2022 ▶ 38:10 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022
Insight
Janz: Startups unable to become default alive should target becoming default investable
“If you can't become default alive, then try to become default investable”
Christoph Janz Jun 29, 2022 ▶ 27:20 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022 neutral
Insight
Janz: The Rule of 40 only works for SaaS over $10M ARR
“The problem is that this only really works if you're at I know, 10, fifteen million or so in, in ARR. At a much earlier stage, you will almost always have a not so good rule of 40 because the investments in product and engineering are just like so high that t…”
Christoph Janz Jun 29, 2022 ▶ 50:39 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022 neutral
Insight
Janz: The marginal 10-20% of marketing spend is far less efficient
“If you look at your marketing spend, you will almost certainly find that the last 20%, or last 10%, or last x percent of your spend is much, much less efficient than the average. That's just really basically quite natural and logical. You catch the lowest hang…”
Christoph Janz Jun 29, 2022 ▶ 32:55 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022 bullish
Prediction Held up
Janz: Seed deep tech startups can still raise $5M to $10M
“I think pre-seed or seed companies will still be able to raise significant amounts of money, like let's say five or ten million dollars if it's the right team and if it's the right opportunity to do that R&D work to get a product into the hands of customers.”
Christoph Janz Jun 29, 2022 ▶ 48:28 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022 neutral
Insight
Janz: Cutting bottom 5-10% of staff costs almost no productivity
“Every company has five to 10% or maybe even more of people on their team who are just not performing as well as the rest. There is just no company where everybody is at the same level. So just consider letting go, like, the bottom five to 10%. In the sales tea…”
Christoph Janz Jun 29, 2022 ▶ 30:33 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Jun 29, 2022
Insight
Janz: Calculate cash runway based on modest plans rather than ambitious targets
“You can, and you should have an ambitious plan, but when it comes to determining your runway, it has to be based on a more modest plan.”
Christoph Janz Jun 29, 2022 ▶ 25:39 Balancing Growth and Efficiency in Tougher Times | Point Nine Managing Partner Christoph Janz
Oct 13, 2022 neutral
Insight
Strict 'default alive' goals can cause startups to underinvest and stagnate
“If you're planning to be default alive, which is a great goal, it might, depending on your situation, lead you to under-invest in, in product and R&D, sales and marketing. So the consequence of that might be that you that you sort of, you don't fail quickly, b…”
Christoph Janz Oct 13, 2022 ▶ 10:59 Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times | Christoph Janz
Oct 13, 2022 negative
Insight
Janz: Spending against exponential growth projections is super risky
“If you project exponential revenue growth and spend money based on that, that's super risky. As I showed in the very beginning, if the growth just happens to be a little bit slower than you expected because of this compounding effect of exponential growth, the…”
Christoph Janz Oct 13, 2022 ▶ 30:56 Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times | Christoph Janz
Oct 13, 2022 positive
Insight
Janz: SMB SaaS companies should target CAC payback under 12 months
“If you're targeting SMBs, you will likely have higher churn, and in these cases you should aim for something closer to 12 months or less, but obviously it depends, so these are just some, ah, some rules of thumb.”
Christoph Janz Oct 13, 2022 ▶ 24:25 Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times | Christoph Janz
Oct 13, 2022 positive
Insight
Janz: Paid-only CAC is more useful than blended CAC
“I generally think that the paid only way of looking at it is more useful because it tells you like what you really want to know usually, which is like if I had another dollar or another million of dollars, how many customers will I get?”
Christoph Janz Oct 13, 2022 ▶ 25:39 Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times | Christoph Janz
Oct 13, 2022 neutral
Insight
Janz: Rapid startup downturns stem from slowing growth while maintaining planned spend
“So if you suddenly find yourself in a much worse situation, it's probably because two things happened. Number one, your growth rate went down, and number two, you kept spending cash according to your original plan. So this is what typically happens, or at leas…”
Christoph Janz Oct 13, 2022 ▶ 3:31 Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times | Christoph Janz
Oct 13, 2022 positive
Insight
Janz: 15 to 18 month CAC payback is acceptable for enterprise SaaS
“As a rule of thumb, if you're selling to enterprises, you have a long customer lifetime, you might have a net dollar retention rate or in the hour of a hundred percent or maybe even more. 15 to 18 months of payback is probably okay, probably quite good.”
Christoph Janz Oct 13, 2022 ▶ 23:44 Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times | Christoph Janz
Oct 13, 2022
Insight
Pre-product-market fit startups should keep engineering teams under 10 people
“I think for pre product market fit companies, I would say it's always been true that you should have a pretty small team because it's unpredictable how long it's going to take. To get to product market fit and adding more people doesn't necessarily get you the…”
Christoph Janz Oct 13, 2022 ▶ 33:38 Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times | Christoph Janz
Oct 13, 2022 neutral
Insight
Janz: Five-year runway or default alive does not work for every startup
“I think it's great if you can have five years of runway, if you can be default alive, but it just doesn't work for every company”
Christoph Janz Oct 13, 2022 ▶ 1:27 Growth vs. Efficiency: How to Weatherproof Your SaaS Startup for Tougher Times | Christoph Janz
Sep 27, 2023 neutral
Assertion Not checkable as stated
2023 Series A SaaS Startups Reached $1M to $5M ARR
“Most companies when they raised their series A were at around one to five million ARR, which might be a bit more than you'd expect. And also is a bit more than we, what we saw in previous years.”
Christoph Janz Sep 27, 2023 ▶ 7:22 What it Takes to Raise Capital with Christoph Janz of Point Nine
Sep 27, 2023
Insight
A 1.0 to 1.5 Burn Multiple Is Good for Early SaaS
“And it's generally considered that In the relatively early stage, let's say up to twenty five million in ARR or so, if you are, if your burn multiple is one to 1.5, that's good. If it's even lower, that's great.”
Christoph Janz Sep 27, 2023 ▶ 15:54 What it Takes to Raise Capital with Christoph Janz of Point Nine
Sep 27, 2023 neutral
Disclosure
2023 VC Market Is More Nuanced Than AI Versus Non-AI
“Before we did the survey this year, my expectation was that the napkin could look a bit like this year, meaning that if you're an AI, everybody wants to give you money at any valuation. And if you're not an AI, then, well, probably difficult. I think there is …”
Christoph Janz Sep 27, 2023 ▶ 2:01 What it Takes to Raise Capital with Christoph Janz of Point Nine
Sep 27, 2023
Insight
Cutting Efficient Sales and Marketing Spend Can Actually Shorten Runway
“Because if your marketing and sales spend is quite efficient, then you probably don't want to cut there because it might actually reduce your runway. Because if let's say a dollar that you invest in sales and marketing becomes a dollar of cashflow within six m…”
Christoph Janz Sep 27, 2023 ▶ 17:21 What it Takes to Raise Capital with Christoph Janz of Point Nine
Sep 27, 2023 neutral
Assertion Not checkable as stated
2023 Series B SaaS Startups Raised at $6M to $12M ARR
“Most companies were around six to twelve million in ARR. And interestingly, more than half of them were growing at less than two X. In, in previous years, that proportion was lower. So it's a bit similar to what we saw previously for the series A's. The rounds…”
Christoph Janz Sep 27, 2023 ▶ 9:34 What it Takes to Raise Capital with Christoph Janz of Point Nine
Sep 25, 2024
Insight
Founders must explain CAC calculations because no single standard exists
“There is probably not one generally accepted way of how customer acquisition costs are calculated. You can do it in many different ways. So make sure to explain how you do that or add a footnote. Otherwise, that will for sure trigger a follow up question from …”
Christoph Janz Sep 25, 2024 ▶ 20:26 5 Metrics that Matter When Raising Your SaaS Series A and Series B with Christoph Janz of Point 9
Sep 25, 2024
Insight
Investors prioritize finding at least one scalable customer acquisition channel
“What investors really are looking for here is they want to see one source or one channel that's clearly working and that seems to be efficient and scalable.”
Christoph Janz Sep 25, 2024 ▶ 21:45 5 Metrics that Matter When Raising Your SaaS Series A and Series B with Christoph Janz of Point 9
Sep 25, 2024
Insight
Clean SaaS metrics reduce diligence friction and accelerate fundraising
“If your data is self-explanatory, in good shape, easy to understand, and aligned with what investors really care about, you will avoid a lot of follow-up questions and a lot of back and forth with the investors that you are going to talk to and that are going …”
Christoph Janz Sep 25, 2024 ▶ 3:31 5 Metrics that Matter When Raising Your SaaS Series A and Series B with Christoph Janz of Point 9
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