Douglas Girvin explains why Stantive Technologies Group moved from bootstrapping to raising venture capital.
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“Within six months of launching the product, we were into fortune 100 companies.”
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More from Douglas Girvin
AssertionNot checkable as stated
Girvin: Orchestra CMS customers pay $150K to $500K annually on average
“It really varies widely, but if you sort of stuck it in the middle somewhere, you know, between 150 and a half a million dollars a year.”
Douglas GirvinApr 19, 2018▶ 3:46999 He Bet Big on Salesforce, Now His CMS Does $7.5m
Disclosure
Girvin: Stantive has raised around $15 million in capital
“Somewhere around fifteen million.”
Douglas GirvinApr 19, 2018▶ 5:10999 He Bet Big on Salesforce, Now His CMS Does $7.5m
AssertionNot checkable as stated
Girvin: Orchestra CMS serves over 50 Fortune 500/600 enterprise customers
“It's somewhere north of about 50 large enterprise customers, mostly in the Fortune, 500, Fortune, 600 space.”
Douglas GirvinApr 19, 2018▶ 6:01999 He Bet Big on Salesforce, Now His CMS Does $7.5m
AssertionNot checkable as stated
Girvin: Stantive Has Had Negative Net Revenue Churn for Three Years
“So the, so our retention rate to our churn on a revenue basis has been negative for the past three years. We don't, we see probably three or four percent churn in terms of number of customers leaving. But in terms of revenue, it's negative.”
Douglas GirvinApr 19, 2018▶ 7:24999 He Bet Big on Salesforce, Now His CMS Does $7.5m
AssertionNot checkable as stated
Girvin: Stantive's largest customer has over 2 million employees
“We have our largest customer is over two million employees.”
Douglas GirvinApr 19, 2018▶ 10:45999 He Bet Big on Salesforce, Now His CMS Does $7.5m
AssertionNot checkable as stated
Girvin: Stantive is growing revenue at 40% year-over-year
“About 40% at the moment.”
Douglas GirvinApr 19, 2018▶ 12:24999 He Bet Big on Salesforce, Now His CMS Does $7.5m
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