Sabrina Parsons, CEO of Palo Alto Software, details the company's SaaS pricing model targeting small business owners.
Assertion Not checkable as stated
Parsons: LivePlan has over 100,000 active paying subscribers
“So in a given time, in say, live plan, we'll have over a 100,000 paying subscribers”
Assertion Not checkable as stated
Parsons: LivePlan has served over two million cumulative customers historically
“We've had over two million customers In the live plan product. They're not all actively paying us right now.”
Assertion Supported
Parsons: Active financial planning accelerates business growth by 30%
“So anyone, whether they use our tools or not, if you actively engage in planning and financial management, you will grow 30% faster, according to a research report by a Cranfield University professor who did a ten-year cohort.”
Prediction Didn’t hold up
Parsons: Palo Alto Software targets $50M ARR within five years
“So, 50 but that, it's not just live plan, that's adding this outpost product to it, and that's, you know, the five-year goal, my big stretch goal, that's where I would like us to be.”
Assertion Not checkable as stated
Parsons: Bplans.com attracts two million unique monthly small business visitors
“We serve two million unique small businesses every month on bplans.com.”
Assertion Not checkable as stated
LivePlan churn drops to 3% when users connect an accounting integration
“If you connect an accounting solution, then that turn is getting down there. It's not quite two, but it will hover somewhere between three and four.”