Coupa

0 statements across 0 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Dec 25, 2017 by Rob Bernshteyn · said 20 times in 4 episodes since 2017 · across every show →

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brought up most by Nathan Latka (12), Rob Bernshteyn (6), Todd Olson (1), Andrew Filev (1)

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Everything said about Coupa, oldest first

Dec 25, 2017 positive
Disclosure
Coupa operates at an internal LTV-to-CAC above 8, despite guiding lower
“Well, we've always been optimizing on LTV to CAC. So a lifetime value of a customer. And then CAC being cost of customer acquisition. So, you know, we're running really well there. It's about a, Over eight, but you know, I think of publicly we gotta be safe. W…”
Rob Bernshteyn Dec 25, 2017 ▶ 7:58 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017 bullish
Assertion Supported
Coupa expanded margins for 34 consecutive quarters and achieved cash flow positivity
“So we've expanded our margins for virtually every quarter for 34 quarters, both scripture margin, gross margin. And we've been now cash flow positive for the last trailing 12 months.”
Rob Bernshteyn Dec 25, 2017 ▶ 7:22 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017 neutral
Assertion Supported
Coupa priced its IPO at a unicorn valuation, avoiding a down round
“No, no, no. That's not our good either. We were somewhere in that same neighborhood. It was just like roughly unicorn kind of thing. And we entered in at the same place and then it went up to I don't know, 1.7 billion or something. And it's, so it's been aroun…”
Rob Bernshteyn Dec 25, 2017 ▶ 20:00 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017
Assertion Not checkable as stated
Coupa shrank from 19 to 6 employees during its 2009 turnaround
“No, actually one gentleman from Oracle left, started the company. They got it to about 19 people. And that's why I said to you, January or nine, that's why I came in. Remember that was a very tough time. I've taken the company down a lot. And three months late…”
Rob Bernshteyn Dec 25, 2017 ▶ 16:57 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017
Insight
SaaS magic numbers above 1.0 show underinvestment; below 0.5 show risk
“If you're sort of over one on SAS magic number, you're under pressing into the market, you're below .5, you're kind of risky and you could argue maybe even buying the business. So you could stay at kind of .75, you know, if you're a little overall efficient, i…”
Rob Bernshteyn Dec 25, 2017 ▶ 11:25 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017 positive
Assertion Supported
Coupa achieves 95% gross and 110% net revenue retention
“So our revenue retention is been roughly around 95% for years. And with add on business, which we're not focused on at all, it's nearly about a 110%.”
Rob Bernshteyn Dec 25, 2017 ▶ 10:13 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017 bullish
Disclosure
Coupa targets sustained 30% revenue growth with 90% recurring revenue
“Well, we've been growing, you know, forty-something percent, but, you know, we run the business on a couple of different levers. I mean, one is sustained 30% plus growth rate, and about 90% of our revenue is recurring, so that's, that makes the business, you k…”
Rob Bernshteyn Dec 25, 2017 ▶ 13:48 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017 bullish
Assertion Not publicly verifiable
Coupa's ACV grew for 34 straight quarters, reaching millions in enterprise
“Well, that's gone up virtually every quarter now for 34 quarters in the mid-market, it's anywhere from, you know, 50,000 to maybe 200,000 or so dollars a year, so annual subscription. And in the enterprise, it's hundreds of thousands, in many cases, a couple o…”
Rob Bernshteyn Dec 25, 2017 ▶ 3:41 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017 neutral
Assertion Partly supported
Bernshteyn: Coupa raised $180M pre-IPO and holds a couple hundred million in cash
“We've raised the total of, I think now I think about a 180, and then we did an IPO. So after the IPO was about 75, we did a secondary. So a few hundred million, and you know, we've got a couple hundred million in the bank right now, too.”
Rob Bernshteyn Dec 25, 2017 ▶ 6:29 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017 neutral
Insight
SaaS founders should prioritize product stickiness over CAC payback periods
“I would much more have them, I would suggest for them to focus much more on how sticky their product is, because I get the point of getting their money back and recovering and the importance of that, but if they turn after three years or four years, eventually…”
Rob Bernshteyn Dec 25, 2017 ▶ 9:08 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
Dec 25, 2017 positive
Assertion Partly supported
Coupa's gross margins expanded from 30% to nearly 70%
“We didn't know that gross margins have carefully expanded also for about 34. I mean, they were at a 30% now, you know, we're touching 70%. Subscription is 90 something. So we don't have an issue there.”
Rob Bernshteyn Dec 25, 2017 ▶ 12:48 884 SaaS: From Startup to $1b+ IPO, the Coupa Story
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