Riedel: Styla had roughly 2.5% monthly net negative churn
Franz Riedel · 1733 They're Raising $5m Right Now on $3.6m in ARR · Apr 22, 2020 · at 11:29
Franz Riedel, co-founder of Styla, breaks down the company's recent expansion and net retention figures with Nathan Latka.
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“Last last six months it was probably 2.5 negative per month.”
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More from Franz Riedel
Styla Generates 97% of Revenue From Pure SaaS Subscriptions
“Well, we have a very, very small portion of professional services, but it's 90 seven percent SaaS technologies. That's revenue.”
Styla Customers Pay an Average of $3,000 Per Month
“Let's say at 3000. So it ranges from around a thousand to now with our latest product line that we launched up to 25,000 a month. So that's a pretty huge range. Yeah. But on average, 3000.”
Riedel: Styla grew revenue from $2M to roughly $3.5M ARR
“Around two million. So we, Grew over the last month from around two million to 3.5 roughly now and a bit of a slow start into the last year, but we're pretty happy with where we are now.”
Styla Spends $15K-$20K Per Trade Show, Closing At Least One Deal
“It's probably 15 15,000 to 20,000 a month 20,000 per trade show, and well, we usually get at least one deal out of a trade show”