Cylynt

15 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Nov 1, 2020 by Ted Miracco · said 18 times in 1 episodes since 2020 · across every show →

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brought up most by Ted Miracco (10), Nathan Latka (8)

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Everything said about Cylynt, oldest first

Nov 1, 2020 positive
Insight
Miracco says resolving software license overuse rarely leads to hostile litigation.
“A lot of clients kind of think that this is a hostile discussion or leads to litigation. And that's the exception. That's not the rule. In most cases, you know, software companies want to use, they want to pay for the intellectual property that's running their…”
Ted Miracco Nov 1, 2020 ▶ 9:51 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Assertion Not checkable as stated
Cylynt generated about $1M in revenue during its first full year.
“Yeah, it was about a million dollars.”
Ted Miracco Nov 1, 2020 ▶ 14:14 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Assertion Not checkable as stated
Cylynt finished fiscal year 2019 with around $6M in revenue.
“Around six.”
Ted Miracco Nov 1, 2020 ▶ 21:13 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Insight
Ramping new telemetry enterprise accounts to full success takes three years.
“But you know, with new logos, it usually takes about three years to take the company from an initial deployment to being very successful. It's a, that's a long, you know, cause you have to start gathering data. There's the telemetry data that comes in and it j…”
Ted Miracco Nov 1, 2020 ▶ 23:05 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Assertion Not checkable as stated
Cylynt spends $100K in CAC to land a $120K ACV account.
“We spend probably about a 100,000 dollars to get into that account.”
Ted Miracco Nov 1, 2020 ▶ 15:21 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020 positive
Disclosure
Cylynt expands beyond anti-piracy to on-premise software usage analytics.
“We're now working on usage analytics and we're, we've expanded our perspective and we've rebranded as silent, you know, today. As part of a broader vision to give on-premise companies, on-premise software vendors, the same kind of visibility that SaaS companie…”
Ted Miracco Nov 1, 2020 ▶ 3:27 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Assertion Not checkable as stated
Cylynt experiences an annual customer churn rate of about 2.5 percent.
“Our churn is about two and a half percent.”
Ted Miracco Nov 1, 2020 ▶ 15:36 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Assertion Not checkable as stated
Cylynt achieved profitability in 2018 without raising outside venture funding.
“We became profitable around 20 18. And you know, the company's has no funding, you know, we're self self-financed and we're profitable.”
Ted Miracco Nov 1, 2020 ▶ 5:32 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Disclosure
Cylynt assigns enterprise sales reps an annual quota of $1 million.
“Generally what we're looking at is about a million dollars a year.”
Ted Miracco Nov 1, 2020 ▶ 18:35 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020 neutral
Disclosure
Cylynt serves approximately 1,500 total users averaging 10 seats per customer.
“Probably around 10, I would say on average, and we have about, you know, we have a couple with close to a hundred users, so they kind of tip the scales a little bit, but I would say we have about 1500 users.”
Ted Miracco Nov 1, 2020 ▶ 6:56 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Assertion Not checkable as stated
Cylynt consistently maintains 50% to 70% year-over-year revenue growth.
“Yeah, you know, we, we've had about, we, we've been pretty consistent in having about a 50 to 70% year-over-year growth, so it's, it doesn't vary that much from year to year.”
Ted Miracco Nov 1, 2020 ▶ 21:31 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020 bullish
Prediction Not checkable as stated
Cylynt is on track to hit a $10M revenue run rate.
“This year target is around 10.”
Ted Miracco Nov 1, 2020 ▶ 21:04 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Disclosure
Cylynt founders personally invested $2M to $3M before reaching profitability.
“We put a bet probably in the two to three million dollars into the company over, over that period of time.”
Ted Miracco Nov 1, 2020 ▶ 5:54 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020
Assertion Not checkable as stated
Cylynt maintains a net revenue retention rate of approximately 125 percent.
“No, our gross retention is, is close to a hundred percent. Our increase, our net is more like a 125%.”
Ted Miracco Nov 1, 2020 ▶ 16:05 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
Nov 1, 2020 neutral
Disclosure
Cylynt charges roughly $1,000 per user per month for telemetry software.
“Around, around a thousand dollars per user per month.”
Ted Miracco Nov 1, 2020 ▶ 6:44 Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
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