Quote Info

The global technology market includes telecom services, tech outsourcing and hardware maintenance, tech consulting and systems integration services, software, communications equipment, and computer equipment.

Statista

More Tech Services Stats

Sony’s PlayStation brand had accumulated approximately 38.57 million fans on the social network

Google only has a 30 percent female workforce

The average Quick Ratio of fastest growing SaaS companies (those with a CAGR of over 50%) is 3.9: generating $3.9 in revenue for every $1 lost to revenue churn

Companies with longer contracts (2+ years) reported the lowest annual unit churn

Even if a software company is growing at 60% annually, its chances of becoming a multibillion-dollar giant are no better than 50/50

The boom in the industry is creating more jobs for techies. Data reveals there were 627,000 unfilled positions in tech in April 2017

High-growth companies offer a return to shareholders 5 times greater than medium-growth companies

A 2017 SaaS Capital survey showed that young companies actually have higher retention rates than more mature SaaS businesses

47% of millennials want to work at diverse companies, according to a recent study.

in 2016, women-led companies received $1.46 billion in investments from venture capitalists. Male-led companies, on the other hand, received $58.2 billion

More Growth Strategy Stats

If the numerator of your quick ratio is growing that means your revenue is growing. It’s important to keep increasing revenue to counter any MRR (Monthly Recurring Revenue) that is lost to churn

Since churn is so important, wouldn’t it be useful if we could predict in advance which customers were most likely to churn?

The fastest growing SAAS companies averaged $250k in MRR and were only losing around 3.2% of that revenue each month to churn

High-growth companies are 8X more likely to reach $1 billion in revenues than those growing less than 20%.

To generate a single dollar of new customer revenue, Field Sales strategies have an average Customer Acquisition Cost (CAC) of $1.14

Negative Churn and Expansion Revenue

Invention is 10% inspiration and 90% perspiration.

The very best SaaS businesses have a negative revenue churn rate and will have a Revenue Retention Rate of greater than 100%

The median annual unit churn for SAAS companies was 10% in 2016

Median annual gross dollar churn was 8%, 7%, 6% and 8% in 2016, 2015, 2014 and 2013