Assertion certainty 4/5 debate potential 2/5

Shaw: Much of Better Agency's competition isn't on the cloud

Will Shaw · BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation · Jul 3, 2021 · at 14:38

Will Shaw describes the legacy landscape of the insurance software market to Nathan Latka.

0:00 / 0:07exact quote · 7.7s
720p mp4 · rendered on demand · StarZero watermark
“There's a lot of things we run into where companies have been in this space since the eighties and nineties. And a lot of them haven't, you know, a lot of our competition isn't even necessarily on the cloud.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Will Shaw

Disclosure
Better Agency Yields 25 Customers per $10k Spend, Converts 70%
“So on tenk in spend, we'll get about 25 net new customers, so we'll get a bunch of trials, and we convert about 70% of those trials, so that'll equate to about 25 new paying customers.”
Will Shaw Jul 3, 2021 ▶ 8:09 BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation
Disclosure
Better Agency Cancels Inactive Trial Accounts to Force Re-Engagement
“If they don't engage with our onboarding team, we look at a trial as a, as an opportunity for a paying customer. So we immediately start reaching out and trying to onboard. They don't engage with us and they have no usage. We'll preemptively cancel their accou…”
Will Shaw Jul 3, 2021 ▶ 8:29 BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation
What-if
Shaw: Better Agency could have achieved a higher valuation in a frothy market
“We could have totally have driven it higher. I mean, the market, you know, better than I do, the market's pretty frothy right now, and we could have driven it higher, but we were really, my biggest problem with fundraising was telling people no, and the reason…”
Will Shaw Jul 3, 2021 ▶ 4:25 BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation
Disclosure
Shaw: Better Agency excludes upsells and upgrades from affiliate commission payouts
“So what we do is it's on the base application that they bring in, and then we kind of take on charge of upgrading them, and so we don't pay out the upgrades to the affiliates.”
Will Shaw Jul 3, 2021 ▶ 11:06 BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation
Disclosure
Better Agency targets spending up to $1,500 CAC for 10:1 ratio
“So right now we're willing to spend upwards of 1500 dollars to get all in to get a customer because we can eat We can keep that kind of 10 to one ratio.”
Will Shaw Jul 3, 2021 ▶ 13:15 BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation
Prediction Not checkable as stated
Will Shaw: Better Agency expects average customer price to reach $500/month
“And now we're getting our average customer a little over 400 and we think we can get to 500 over the next 12 months.”
Will Shaw Jul 3, 2021 ▶ 2:59 BetterAgency CRM for Insurance Hits $1m ARR, Raises $2m on $15m Valuation
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.