The Ledger
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Premise Data generated no commercial revenue from 2012 to 2018
“Between 25, 20 12, 20 13, up to 20 18, when I joined, there was really no commercial activity.”
Blackman: Premise Data net dollar retention is 250% to 300%
“Well, keep in mind, Nathan, we're still pretty early, but it's around 250 to 300%.”
Blackman: Premise will break $35M-$40M ARR by December 2021
“I do.
Yeah.
Yeah.
We, you know, being a SaaS business, I mean, obviously one of the things that we love about it is that we're able to predict what our revenue looks like.
And if we,
You know, we have an opportunity to do much better than forty million, but I …”
Blackman: Premise paid out $1M in Bitcoin to contributors in 2020
“We paid out a million in Bitcoin last year.”
Premise Data recruits contributors across 120 countries
“We're in a hundred different, 20 countries, and we find these individuals, they're ordinary individuals,”
Blackman: Premise Data average customer pays around $100,000 annually
“Our typical customer is paying us around a 100,000 a year.”
Blackman: Premise Data has signed its 80th customer logo
“And so, the number of clients that we're serving today is, is, we just signed our eighty-eth, our eighty-eth logo.”
Blackman: Premise net retention will normalize to ~120% in 2-3 years
“And so I would expect that to normalize over the next, you know, 24, 36 months, and to have, you know, maybe something around one 20, like you suggested.”
Premise CEO: Early enterprise customers increased contract spend by 500%
“These customers would spend on the average when we first signed them up somewhere between 5200 K. But that, you know, once we got through that initial year and proved out the business, and people got addicted to the data, they got addicted to the insights we w…”
Blackman: Premise scaled from zero revenue to $4M, $10M, and $20M ARR
“We went, you know, so the first year I was here, we did We did four million in revenue, which was, you know, that was exciting. We hadn't had revenue before. And then, you know, kind of following on the back of that, we did 10, and then we had a clear line of …”