Cleeng

13 statements across 2 episodes · 4 bullish · 5 bearish · 1 people on the record · first statement Jul 27, 2023 by Gilles Domartini · said 28 times in 2 episodes since 2023 · across every show →

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brought up most by Gilles Domartini (28)

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2024 12 mentions in 1 episode
2023 16 mentions in 1 episode

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Everything said about Cleeng, oldest first

Jul 27, 2023 negative
Disclosure
A VC investor demanded an exit one year after funding Cleeng
“One of the investors, the one that came in actually in 18 we are facing a few challenges in in 19, and they tell us, look guys we'd like to do an exit at the time where we started to spend like crazy.”
Gilles Domartini Jul 27, 2023 ▶ 3:48 From (almost) bankruptcy to $20M ARR / $2M profit within 3 years
Jul 27, 2023 positive
Assertion Not checkable as stated
The COVID-19 pandemic saved Cleeng despite early fears
“How COVID actually saved us. So in the early days of COVID, we were very scared, but actually it turned out to be more of a positive.”
Gilles Domartini Jul 27, 2023 ▶ 1:37 From (almost) bankruptcy to $20M ARR / $2M profit within 3 years
Jul 27, 2023 neutral
Disclosure
Cleeng founders and family retained 50% equity despite VC rounds
“I'm still owning 22% of the organization. With the rest of the founders and the friends and family, we were close to 50%, and we are close to 50% today.”
Gilles Domartini Jul 27, 2023 ▶ 8:00 From (almost) bankruptcy to $20M ARR / $2M profit within 3 years
Jul 27, 2023 negative
Insight
Relying on investors creates the wrong organizational behavior
“I don't want anymore to rely on investors because it creates the wrong behavior as you build your organization.”
Gilles Domartini Jul 27, 2023 ▶ 19:10 From (almost) bankruptcy to $20M ARR / $2M profit within 3 years
Jul 27, 2023 negative
Assertion Not checkable as stated
Raising venture capital almost killed Cleeng
“How the fundraising almost killed us. That's literally what happened at that moment. We raised money. We were super happy, but actually it turned out not to be the best best choice in our life.”
Gilles Domartini Jul 27, 2023 ▶ 1:22 From (almost) bankruptcy to $20M ARR / $2M profit within 3 years
Jul 27, 2023 neutral
Assertion Not checkable as stated
Cleeng received a €14M acquisition offer during a 2019 cash crisis
“Actually, we have an offer on the table to acquire the company for fourteen million euros.”
Gilles Domartini Jul 27, 2023 ▶ 7:17 From (almost) bankruptcy to $20M ARR / $2M profit within 3 years
Jun 20, 2024
Assertion Not checkable as stated
Domartini: The NFL is Cleeng's largest customer
“Our largest client is actually the NFL in the US.”
Gilles Domartini Jun 20, 2024 ▶ 1:45 Founder Does $18m in 2023 Revenue Following 9 Strange SaaS Playbooks
Jun 20, 2024 negative
Insight
Domartini: Over-indexing on customer centricity risks turning SaaS companies into system integrators
“By becoming customer centric, we are moving, to my liking at least, way too much as a solution integrator, system integrator type of company.”
Gilles Domartini Jun 20, 2024 ▶ 9:10 Founder Does $18m in 2023 Revenue Following 9 Strange SaaS Playbooks
Jun 20, 2024 positive
Disclosure
Domartini: Cleeng restructured pricing by benchmarking Salesforce, Looker, and AWS
“Large part of the reorganization on pricing is when we signed the Looker, when we signed the Salesforce. You know, you really go deep as a CEO to understand, okay, but why Salesforce is building like this? Why Looker is building like this? Why AWS is being lik…”
Gilles Domartini Jun 20, 2024 ▶ 18:35 Founder Does $18m in 2023 Revenue Following 9 Strange SaaS Playbooks
Jun 20, 2024
Assertion Not checkable as stated
Cleeng manages 35 million accounts and $500M in gross billing
“We manage about thirty-five million accounts, half a billion in gross billing, so we became quite, ah, sizable nowadays.”
Gilles Domartini Jun 20, 2024 ▶ 2:02 Founder Does $18m in 2023 Revenue Following 9 Strange SaaS Playbooks
Jun 20, 2024 bullish
Disclosure
Cleeng secures over $1 million ARR per customer with per-user pricing
“So even though we work still on a pair user basis, since we go after clients with potentially millions of users, you end up with an AR of a million or more with certain clients.”
Gilles Domartini Jun 20, 2024 ▶ 5:17 Founder Does $18m in 2023 Revenue Following 9 Strange SaaS Playbooks
Jun 20, 2024 bullish
Assertion Not checkable as stated
Domartini: Cleeng Has 120% to 130% Net Dollar Retention
“From a net dollar retention. We are a 120, 130%.”
Gilles Domartini Jun 20, 2024 ▶ 8:16 Founder Does $18m in 2023 Revenue Following 9 Strange SaaS Playbooks
Jun 20, 2024 negative
Insight
Domartini: Bureaucracy starts slowing down decisions at just 100 employees
“So very important to I think resist the temptation of a form of bureaucratic model as you grow, and again, hundred employees, not like Microsoft size, but it already starts to wait on, on our capacity to decide effectively.”
Gilles Domartini Jun 20, 2024 ▶ 19:54 Founder Does $18m in 2023 Revenue Following 9 Strange SaaS Playbooks
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