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

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

As of December 2018, there were total 105,000 employees in Lockheed Martin, as compared to 126,000 employees in 2015.

In 2018, the revenue of General Dynamics amounted to nearly 36.2 billion U.S. dollars.

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business; which may have a dramatically negative effect on your company’s growth. Source: Mckinsey

How to Reduce Churn

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

The median SaaS business generates 16% of its new Annual Contract Value (ACV) from upselling to existing customers

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

The fastest growing SaaS companies scale their organizations rapidly, growing their teams by an average of 56% each year

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

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

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

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

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

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

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

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

Google only has a 30 percent female workforce

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