OpenView

0 statements across 0 episodes · 5 bullish · 0 bearish · 2 people on the record · first statement Sep 11, 2019 by Ashley Smith · said 2 times in 2 episodes since 2019 · across every show →

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brought up most by Casey Renner (1), Ashley Smith (1)

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Everything said about OpenView, oldest first

Sep 11, 2019 neutral
Disclosure
OpenView writes $5M–$25M checks across 3–5 deals yearly
“OpenView does five to twenty-five million dollar checks, A, Bs, and Cs, three to five investments a year, and I have an entire expansion team that's like three times the size of the investment team that helps with pricing, packaging, hiring, messaging”
Ashley Smith Sep 11, 2019 ▶ 4:10 Using Product Led Growth as an Indicator for Investment w/OpenView Venture Partner, Ashley Smith
Sep 11, 2019 positive
Assertion Not checkable as stated
Adding a team invite button increased developer tool signups 10x
“There's a company in San Francisco that I'm advising, and they're a developer tool, because I work on developer software a lot, and they had no way to actually collaborate as a team, which to me is counterintuitive, but we put a little tiny button that says, i…”
Ashley Smith Sep 11, 2019 ▶ 17:38 Using Product Led Growth as an Indicator for Investment w/OpenView Venture Partner, Ashley Smith
Sep 11, 2019 positive
Assertion Partly supported
Public PLG companies command a 10x EV-to-revenue valuation multiple
“Higher multiples. Enterprise value per revenue is 10 X. These are actual numbers you can dig into. I think they're actually higher now if you go look at the updated index. Which means your company's worth about two times more.”
Ashley Smith Sep 11, 2019 ▶ 7:25 Using Product Led Growth as an Indicator for Investment w/OpenView Venture Partner, Ashley Smith
Sep 11, 2019 positive
Assertion Supported
OpenView coined the term "product-led growth"
“OpenView actually coined the phrase way before I was there.”
Ashley Smith Sep 11, 2019 ▶ 4:47 Using Product Led Growth as an Indicator for Investment w/OpenView Venture Partner, Ashley Smith
Sep 11, 2019 positive
Insight
Self-serve onboarding and free tiers drive faster software growth
“The world's moving towards an easier model, which is throw a credit card in or don't get a free tier and just sign up and start going. That's how you can grow more quickly.”
Ashley Smith Sep 11, 2019 ▶ 11:09 Using Product Led Growth as an Indicator for Investment w/OpenView Venture Partner, Ashley Smith
Sep 11, 2019 positive
Assertion Supported
PLG public companies grow at 35% versus 25% for traditional SaaS
“Faster growth rates. 35% versus 25% in SAS.”
Ashley Smith Sep 11, 2019 ▶ 7:16 Using Product Led Growth as an Indicator for Investment w/OpenView Venture Partner, Ashley Smith
Sep 11, 2019
Insight
Diligence calls easily flag whether a startup is truly product-led
“The way whenever I'm doing diligence in a company to tell if this is actually happening is I call their customers, and if the first thing the customer says is, well, there's some challenges, then I know it's probably not a product-led growth company.”
Ashley Smith Sep 11, 2019 ▶ 9:48 Using Product Led Growth as an Indicator for Investment w/OpenView Venture Partner, Ashley Smith
Nov 10, 2021 neutral
Assertion Supported
Renner: Only 0.6% of startups become unicorns, averaging seven years
“Only .6% of companies Will become unicorns. It takes an average of seven years.”
Casey Renner Nov 10, 2021 ▶ 2:23 Demystifying the Unicorn Buzz with the CEOs of Calendly, Algolia, and Contentful
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