Cylynt co-founder and CEO Ted Miracco breaks down customer acquisition costs for enterprise software accounts with Nathan Latka.
0:00 / 0:03exact quote · 3.5s
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“We spend probably about a 100,000 dollars to get into that account.”
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More from Ted Miracco
Insight
Miracco advises founders with capital to avoid early VC funding dilution.
“The dilution and the strings that can come with the early funding, It can be very dilutive to founders, so I would advise against that if you have the financial wherewithal to not have to do that.”
Ted MiraccoNov 1, 2020▶ 6:22Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
“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 MiraccoNov 1, 2020▶ 9:51Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
PredictionNot checkable as stated
Cylynt is on track to hit a $10M revenue run rate.
“This year target is around 10.”
Ted MiraccoNov 1, 2020▶ 21:04Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
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 MiraccoNov 1, 2020▶ 23:05Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
AssertionSupported
Cadence bought AWR Corporation from National Instruments for $160 million.
“So Cadence Design Systems bought it from National Instruments, yeah, for around a 160. Correct.”
Ted MiraccoNov 1, 2020▶ 5:03Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
AssertionNot 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 MiraccoNov 1, 2020▶ 5:32Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped
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