Disclosure
TrustKeith prioritizes operational efficiency over chasing unicorn-scale growth
“I'm not expecting us to have some, like, unicorn growth, and that to be the exciting metric of the business. I see something like the efficiencies, which we have so much more control over, as ultimately a really good piece of value that we can build in the bus…”
Opinion
Codrington: Most SaaS startups overspend on CAC with paybacks over 12 months
“I think where most companies are then overspending is on the customer acquisition side of things. Until they can get that, you know, you think about the customer acquisition payback period, I think for a lot of companies, it's sort of north of 12 months.”
Disclosure
TrustKeith eliminated its Customer Success Manager role by restructuring delivery teams
“So we did a team restructure, and we've now got this kind of pod format here with the senior privacy manager, two DPOs, and two privacy associates. And by streamlining that, we've got rid of the customer success manager role.”
Assertion Not checkable as stated
Codrington: TrustKeith has crossed $1M in ARR
“We are, as of this quarter, we're north of a million dollars of annual recurring revenue.”
Assertion Not checkable as stated
Codrington: Solving sales-to-CS handover bottlenecks improved TrustKeith's gross margin
“Particularly, I think that the big moment is that kind of handover from sales to customer success. That's where we found a lot of bottlenecks that we've been solving that has made an impact on our Gross margin as well.”
Insight
Codrington: Cost-mapping customer experience stages reveals expensive delivery moments
“So when we come back to the swim lane sort of, ah, experience map that we've got already, we can actually go in there and start attributing cost to each stage of these as well. So we can get real granular around what are the expensive parts to it, and particul…”
Assertion Not checkable as stated
Codrington: Monthly customer check-ins drove significant March 2023 NPS jump
“By having that protected time, The customer, you know, did their stuff. We always had that check-in point, and really as a result of that, they were making better progress. It was a more efficient use of our team's time, so we weren't having to chase. It was j…”
Disclosure
TrustKeith's gross margins are tracking ahead of schedule toward 80%
“Putting goals on an annual basis, and we're tracking on a monthly, so you can see our actuals were above where we wanted to be and we're on track to that golden 80%.”
Assertion Not checkable as stated
Codrington: TrustKeith ACV is around $23,000 per year
“To give you context, our average customer value is around, so, 23,000 dollars per year.”
