Quote Info
Companies that are doing a good job of controlling churn and driving new revenue from existing customers are on the whole growing substantially faster than their peers. Companies still place priority on new customer acquisition Despite a shift in the metrics companies are tracking, priority and funding for customer renewals and upsell has not increased. This suggests that despite best intentions to focus on monetizing existing customers, day-to-day business realities make it di?cult for companies to shift priority and funding. SaaS metrics shifting focus toward existing customers This year more companies than ever are looking at metrics on existing customers such as customer lifetime value, revenue per user, product adoption, and customer health.
Totango
More Growth Strategy Stats
80% of venture capital investments take place in the enterprise
SaaS IPOs have more than doubled over the last 12 years
At Twitter, 10 percent of tech roles are staffed by women
For SaaS companies valued at over $1billion, the median amount of financing raised is $206million
SaaS companies in the $7.5MM-$15MM range are among the fastest growers
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Software and online services are in a period of dizzying growth