Insight certainty 4/5 debate potential 2/5

Ginzberg: Simple pricing accelerates customer expansion by reducing decision friction

Dror Ginzberg · 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production · Oct 20, 2018 · at 16:38

Dror Ginzberg, co-founder and CEO of WatchIt, discusses SaaS pricing design and why WatchIt bills strictly on video volume rather than multi-axis criteria like seat count.

0:00 / 0:34exact quote · 34.9s
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“There's something about the simplicity of our model that is, is very unique, you know, because eventually, you know simple pricing model goes a long way. And when you try to add accesses and criterias and other stuff, it makes things more complex and makes your clients think more when they want to expand or when they want to make a decision. So, Some of the simplicity hides a lot of complexity behind it. Again, assuming the math works, right? Like the math has to work at the end of the day. But if it does, the simplicity goes a long way.”

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More from Dror Ginzberg

Prediction Not checkable as stated
Wochit could break $30 million in revenue in 2018
“When I say not so far away, it could be this year.”
Dror Ginzberg Oct 20, 2018 ▶ 8:16 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Insight
Ginzberg: SMB video tools must sacrifice brand customization for simplicity
“When you target SMBs, you need to provide them with a tool that is that simple so that they can actually use it. Which means by that simple means that your ability to build something which is literally on your brand is close to zero. So it's mostly based on te…”
Dror Ginzberg Oct 20, 2018 ▶ 14:24 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Disclosure
Wochit enterprise contracts range from $50,000 to nearly $1 million
“And usually our clients commit to a certain volume of production, so it could be that they pay on an annual basis anywhere from 50 grand, but it can go up to close to a million.”
Dror Ginzberg Oct 20, 2018 ▶ 3:29 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Assertion Supported
Wochit has raised $29M in total venture capital
“We've raised we had a few rounds ever since. We've raised a total of 29.”
Dror Ginzberg Oct 20, 2018 ▶ 6:03 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Assertion Not checkable as stated
Wochit's ARR is currently north of $10 million
“North of 10.”
Dror Ginzberg Oct 20, 2018 ▶ 8:04 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Disclosure
Gannett is one of Wochit's largest enterprise clients
“One of our biggest clients is Gannett you know, the owner of USA Today and probably a 140 other properties across the U.S.,”
Dror Ginzberg Oct 20, 2018 ▶ 8:51 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
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