Metrailler: SpotMe permanently abandoned its legacy in-person event services
Pierre Metrailler · SpotMe Using COVID For $22m SaaS Event Platform Pivot, 300 Customers Paying! · Oct 16, 2020 · at 17:16
Pierre Metrailler, CEO of SpotMe, clarifies the company's commitment to remaining a SaaS and virtual/hybrid platform rather than returning to in-person event services.
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“And we've burned our ships, right? We're not coming back to that.”
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More from Pierre Metrailler
SpotMe faced 900 customer contract pullback requests at COVID's onset
“We had about 900
cases with customers who are trying to, you know pull back their contracts.”
SpotMe lost three to four months of recurring revenue to COVID
“We do think overall we're going to lose between three to four months of recurring revenue.”
SpotMe generated $22M total revenue and $6M ARR in 2019
“Last year we had, our top line revenue last year was about twenty-two million dollars, right? And one of the things we did last year, and in that, you, we are counting about six million ARR, right?”
Metrailler projects SpotMe will reach $12M-$13M ARR in 2020
“So I think we're going to be hitting 12 to thirty million. So more than a hundred percent growth in, in, in ARR.”