Consensus

11 statements across 2 episodes · 2 bullish · 2 bearish · 2 people on the record · first statement Sep 13, 2017 by Christoph Jentzsch · said 24 times in 1 episodes since 2019 · across every show →

Mentions by year

brought up most by Nathan Latka (21), Garen Hess (3)

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2019 24 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Consensus, oldest first

Sep 13, 2017 bearish
Prediction Not checkable as stated
Jentzsch: Bitcoin Scaling Factions Will Likely Never Reach Consensus
“And that's what currently, there's a lot of discussions, people are against it, people are for it, and they try to find a consensus, but they are fighting for years now. So there is most likely no consensus ever.”
Christoph Jentzsch Sep 13, 2017 ▶ 9:37 781: Crypto: What AirBnB Looks Like In Digital Currency World
Jul 30, 2019 neutral
Assertion Not checkable as stated
Hess: Lack of content is the main reason SMB customers churn
“Six months after they bought the software, They don't have content, and I would say that's the number one reason that the small business accounts are churning because they just struggle to get the content in there.”
Garen Hess Jul 30, 2019 ▶ 16:02 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019 neutral
Assertion Not checkable as stated
Consensus average deal size is about $17,000 per year
“Average deal size is about 17,000 dollars a year.”
Garen Hess Jul 30, 2019 ▶ 6:06 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019 neutral
Insight
Hess: Transitioning from SMB to enterprise is harder than starting over
“Moving from small business to enterprise focus will be as hard or harder as starting your company over. Starting your company in the first place. And it was actually really good advice and I've appreciated that because even though I knew it was going to be cha…”
Garen Hess Jul 30, 2019 ▶ 13:16 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019 neutral
Disclosure
Hess: Consensus experiences approximately 28% gross revenue churn
“Yeah, gross revenue churn's been at about 28%.”
Garen Hess Jul 30, 2019 ▶ 18:21 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019 neutral
Disclosure
Hess: Consensus enterprise segment grows 50% amid flat overall revenue growth
“Right now we're seeing pretty flat growth because we've been seeing a change in our focus, so we've been focusing mostly on enterprise, and so we've seen a growth rate of about 50% annually in our enterprise, but overall we've been pretty flat just because we'…”
Garen Hess Jul 30, 2019 ▶ 10:03 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019 negative
Opinion
Hess: Building custom content for clients was a massive mistake
“The problem is the content phase building out Content turned out to be a massive mistake.”
Garen Hess Jul 30, 2019 ▶ 15:20 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019
Assertion Not checkable as stated
Consensus spends $14,500 in CAC to acquire a $17,000 ACV customer
“We spend about 14, five.”
Garen Hess Jul 30, 2019 ▶ 19:55 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019 positive
Assertion Not checkable as stated
Hess: ADP split test showed 44% increase in close rates with Consensus
“ADP, when they first came on back in 2014, they started with 80 sales reps and they did the split test for 90 days where they had every rep, every other deal they would use consensus as part of the sales conversation. And sales process. And then they compared …”
Garen Hess Jul 30, 2019 ▶ 7:48 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019 bullish
Prediction Not checkable as stated
Hess: Consensus expects enterprise expansion to fully offset churn
“We really expect to be able to make all of that up at some point through expansions because we're starting to have some expansion, you know, very large expansion discussions with some of our enterprise customers.”
Garen Hess Jul 30, 2019 ▶ 19:14 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
Jul 30, 2019 neutral
Assertion Not checkable as stated
Consensus typically enters accounts with around 25 seats
“We typically get in a lot of companies have about 25 seats. And then they scale up from there.”
Garen Hess Jul 30, 2019 ▶ 6:21 1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise
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