Anil Chawla, founder of Archive Social, discusses GTM dynamics and selling software to government agencies with Nathan Latka.
0:00 / 0:06exact quote · 6.2s
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“Having a low price point also helps keep the sales cycle much shorter than you typically see in, in, in this industry.”
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More from Anil Chawla
Opinion
Chawla: Accelerators judging success by fundraising is ridiculous
“And when you're an accelerator program the mark of success is how, is raising more money. Which is ridiculous.”
Anil ChawlaJan 8, 2019▶ 5:111263 1500 Governement Agencies Pay Him $2400/yr To Archive Social Media
Insight
Chawla: Government is a great SaaS vertical because agencies pay upfront annually
“It's a great vertical for the other entrepreneurs out there who may not think of government as a sexy market. They actually do tend to pay upfront annually most of the time. So the vast majority is annual.”
Anil ChawlaJan 8, 2019▶ 3:161263 1500 Governement Agencies Pay Him $2400/yr To Archive Social Media
Insight
Chawla: Compliance SaaS is ideal for building sticky software products
“And compliance definitely has a lot of importance and value there for agencies. And it's a great area to build a business because you can build a very, very sticky product.”
Anil ChawlaJan 8, 2019▶ 4:051263 1500 Governement Agencies Pay Him $2400/yr To Archive Social Media
AssertionNot checkable as stated
ArchiveSocial serves nearly 1,500 government agencies directly
“We put up nearly 1500 government agencies, and those are agencies we work directly with ranging from cities and counties generally, but can include law enforcement, federal agencies as well.”
Anil ChawlaJan 8, 2019▶ 4:271263 1500 Governement Agencies Pay Him $2400/yr To Archive Social Media
AssertionPartly supported
Chawla: ArchiveSocial raised under $500k total and bootstrapped the rest
“So we took a small amount of seed funding last funding we took was in 2015, but under half a million in cash, so the vast majority of what we've done has been bootstrapped.”
Anil ChawlaJan 8, 2019▶ 4:431263 1500 Governement Agencies Pay Him $2400/yr To Archive Social Media
AssertionNot checkable as stated
Chawla: Upfront annual customer payments eliminated ArchiveSocial's need for funding
“Ultimately we had revenue from day one and getting the annual paycheck up front from almost all of our customers put us in a position where we really didn't need that funding and haven't needed it since.”
Anil ChawlaJan 8, 2019▶ 5:361263 1500 Governement Agencies Pay Him $2400/yr To Archive Social Media
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