Ali Magyar: Hub Reaches Approximately 110% Net Revenue Retention
Ali Magyar · 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services · Oct 30, 2019 · at 10:56
Ali Magyar is the founder and CEO of Hub, explaining expansion metrics and net retention to Nathan Latka.
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“Yeah, net revenue retention, we're about a 110% right now.”
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More from Ali Magyar
Magyar: Events Need 50+ Speakers or Sponsors to Justify Automation Software
“Hub is a good fit for anyone that has 50 or more speakers, sessions, sponsors. So if you have less than that, you really can handle the automation yourself. It's not that complex.”
Magyar: 25% of Hub's Business Is Services and 75% Is Pure SaaS
“25% of our business is in In professional services, and the 75% is in pure SaaS, so.”
Hub generated $650,000 across 21 paying customers in its first year
“So in 2015, we did our proof of concept, and so we went to market, and in the first year, we ended with 21 paying customers, about 650,000 in revenue, and I realized there definitely was market traction and market adoption.”