Jason Andrew, co-founder of Limelight Health, describes the typical revenue split between software and services for scaled enterprise InsurTech companies.
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“They're probably 60 SAS and 40 services. And that's the way this industry really works for bigger companies.”
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More from Jason Andrew
AssertionNot checkable as stated
Limelight dropped 400 of 405 customers to focus on enterprise carriers
“We had 405 customers, 400 the broker channel and five in the carrier. So we cut off completely the broker channel, which was really scary and got rid of 400 customers. We were left with five.”
Jason AndrewOct 10, 2022▶ 12:37How we pivoted our way to a near hundred million dollar exit
Disclosure
Limelight expects a $50M to $100M valuation for its next round
“I look at, I mean, somewhere between the low end, 50 and the high end, a hundred million. So, you know, if you talk about rainbow, a hundred million.”
Jason AndrewMay 23, 2019▶ 7:231398 How Limelight Is Shifting to More SaaS Revenue, $5m Currently
AssertionPartly supported
Limelight generated nearly $12M revenue at acquisition, 50% services
“We were then, you know, acquired, we were doing about almost twelve million in 20, 21 on our way to about nineteen million. And so, you know, we were having some growth, but we had about 50% of that was services revenue. The other 50% was recurring ARR.”
Jason AndrewOct 10, 2022▶ 2:57How we pivoted our way to a near hundred million dollar exit
Disclosure
Limelight sold because scaling its immature product independently was unviable
“And then I started doing a ton of market research, assessing the risk and realize again that we had a very immature product and looking at the competition that just the life cycle for us to be able to scale to the next level and get where we thought we were go…”
Jason AndrewOct 10, 2022▶ 14:40How we pivoted our way to a near hundred million dollar exit
Disclosure
Limelight Health is targeting a $30M funding round
“About thirty million.”
Jason AndrewMay 23, 2019▶ 7:131398 How Limelight Is Shifting to More SaaS Revenue, $5m Currently
AssertionPartly supported
Limelight Health achieved a $93M exit after multiple pivots
“So so today I'm going to talk about how we pivoted multiple times to about a ninety three million dollar exit.”
Jason AndrewOct 10, 2022▶ 1:59How we pivoted our way to a near hundred million dollar exit
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