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

26% of SAAS companies with at least $15MM in 2015 GAAP revenue had a revenue growth rate + EBITDA margin of 40% or higher

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

SaaS businesses face significant losses in the early years (and often an associated cash flow problem)

To establish a revenue or lead-commitment based on your funnel metrics and revenue-growth goals, work backward from the gross revenue amount that marketing is responsible for generating (generally around 40%)

SAAS companies with >$250K median ACV book nearly 25% of their contracts at 3 years or longer

In 2019, spending on IT services is expected to amount to 1,016 billion U.S. dollars worldwide

56% treat “Existing Customer Renewals” as high priority

83% of China’s digital shoppers made an online purchase in the past month

The median startup spends 92% of first year revenue on customer acquisition, taking 11-months to payback their Customer Acquisition Cost

The 2015 median revenue growth rate was 44%, while the median projected growth rate for 2016 is 48%

More Culture Stats

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

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

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

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

Google only has a 30 percent female workforce

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

It’s been reported that women who work in computer and mathematical fields earn 80 cents to the dollar that men earn doing the same job

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