LeadCrunch plans to raise a large Series C round in 2022
Olin Hyde · LeadCrunch Hits $24m Revenue, $650k Revenue Per Employee, Raising $30m for 20% Of Business 2021? · Jan 3, 2021 · at 11:05
LeadCrunch CEO Olin Hyde outlines his forward fundraising strategy and roadmap to Nathan Latka.
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“You can expect us to do a round in another year that would be a large Series C”
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More from Olin Hyde
Hyde predicts investors will pay a premium for capital efficiency by 2023
“I think in a couple years from now likely the business cycle will be at the stage where capital efficiency is, is people will pay a premium for it.”
LeadCrunch boasts 138 percent quarter-over-quarter net revenue retention
“And so, the good news is that our net revenue retention, which is a metric a lot of SaaS companies track, it's about a 138% quarter to quarter.”
VCs falsely assume subscriptions are the only path to predictable revenue
“I think that, you know, there's this fascination among the venture capital community with predictable revenue, and they immediately jump to the assumption that the only way it's predictable is if there's a subscription. Well, that's just not true.”
Hyde argues 85% to 90% SaaS gross margins are completely unsustainable
“No, and I think that those margins, the really super high margins, 85, 90%, are not necessarily sustainable for the long run.”