Mohamed Ibrahim, co-founder and CTO of Penny.co, details the company's SaaS seat pricing structure to Nathan Latka.
0:00 / 0:13exact quote · 13.2s
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“I mean, for standard offering we use, I mean, for just general users, we offer something around 1000. Per per year as a license licensed software.”
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More from Mohamed Ibrahim
PredictionNot checkable as stated
Penny Targets 4x to 5x Revenue Growth on $5M Seed Runway
“The way we're targeting is a multiplier in terms of revenue by the end of this round. Is a multiplier by four to five times.”
Mohamed IbrahimMar 17, 2022▶ 13:36Cloud Management Starts Grows 100% to $35k MRR This Month
Disclosure
Penny Averages a 7% to 10% Take Rate on Cost-Saving Contracts
“Yeah, something, yeah, something between seven to 10%.”
Mohamed IbrahimMar 17, 2022▶ 3:37Cloud Management Starts Grows 100% to $35k MRR This Month
Disclosure
Penny Lands 20 to 100 Seats Per Enterprise Customer Deployment
“On average, it is like, I mean, we target like small I mean, we focus mostly on medium to large companies. So this can actually range from a 20 all the way to a hundred users targeting people who work in procurement departments for big corporates and companies…”
Mohamed IbrahimMar 17, 2022▶ 5:17Cloud Management Starts Grows 100% to $35k MRR This Month
Disclosure
Penny Raised $5M Seed Round at $20M to $25M Valuation
“That's right. So, I mean, it was something around this value. I mean, you basically could estimate it, right?”
Mohamed IbrahimMar 17, 2022▶ 13:29Cloud Management Starts Grows 100% to $35k MRR This Month
Insight
Penny Split Founder Equity Unevenly Based on Initial Risk and Time
“Basically some people took more risk at the beginning. So those people basically deserve more shares to start with than those who took lower risks to start with.”
Mohamed IbrahimMar 17, 2022▶ 15:24Cloud Management Starts Grows 100% to $35k MRR This Month
Disclosure
Penny CEO Delays Having Children Until Startup Reaches Self-Sustaining Growth
“I'm delaying that actually until I get my startup to a really right position where it can actually grow itself from there.”
Mohamed IbrahimMar 17, 2022▶ 19:11Cloud Management Starts Grows 100% to $35k MRR This Month
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