Quote Info

Software, cybersecurity and cloud computing professionals, in particular, are in high demand. As a result, techies are making more money than most professionals. In 2016, tech workers received an average annual salary of $108,900 compared to the national average of $53,040.

Small Business Trends

More Tech Services Stats

Best-in-class SaaS companies achieve 5-7% annual revenue churn – equivalent to a loss of $1 out of every $200 each month

The largest SaaS companies (>$75million yearly revenue) attribute 2.5x as much new revenue to upselling than the smallest SaaS companies (<$1.25million): 28% versus 11%

Getting paid in advance is really smart idea if you can do it without impacting bookings, as it can provide the cash flow that you need to cover your cash problem

There are 9.6 million websites that use e-commerce technologies

Growth rate accelerates in the expansion stage ($2.5M – $10M ARR)

Only 8% of large companies use internet sales strategies. The proportion of companies relying on internet sales increases as company size decreases

The metrics that matter for each sales funnel, vary from one company to the next depending on the steps involved in the funnel

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%.

Increases in revenue growth rates drive twice as much market-capitalisation gain as margin improvements for companies with less than $4 billion in revenues

More Culture Stats

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

At Twitter, 10 percent of tech roles are staffed by women

Women-led companies have historically performed three times better than those with male CEOs

A University of Texas study showed that women ask for $7,000 less than their male counterparts in job interviews

At Facebook, 15 percent of tech roles are staffed by women

The venture-backed companies that were acquired most often had a 7 percent share of female execs, as opposed to 3 percent at unsuccessful (unacquired) firms

Google only has a 30 percent female workforce

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

63 percent of the time, women receive lower salary offers than men for the same job at the same company

Women in western countries use the internet 17 percent more than their male counterparts