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SaaS Interviews with CEOs, Startups, Founders

1126 How Gong Hit $1m+ in ARR in 1st Year

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 24 August 2018

⏱️ 28 minutes

🧾️ Download transcript

Summary

Amit Bendov is the co-founder and CEO of Gong.io, the # 1 conversation intelligence platform for sales. He brings more than 20 years of leadership experience in hyper-growth enterprise software startups managing product, marketing, and sales for global corporations. Prior to founding Gong.io, Amit was CEO of SiSense and CMO of Panaya.

Transcript

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0:00.0

Had successes under his belt.

0:01.3

Four to be exact in 2016 said, you know what?

0:03.2

I'm going to go out and do this thing myself.

0:04.6

It started with a slide deck and he raised six million bucks

0:07.0

to build out the tech, which is not easy.

0:08.5

He's got 30 engineers on his team today, total of 52 people.

0:11.8

Again, helping folks understand sales transcriptions,

0:16.6

you know, understanding sales calls and who's performing well,

0:20.2

why they're performing well, why they're performing well,

0:21.1

who's not performing well. Highest reviewed on G2 crowd, which is obviously a nice thing to have,

0:25.2

but does it translate to revenue? The answer so far is yes. They have over 200 customers

0:28.9

paying an average ACV first year of in the low tens of thousands. So you can do the math in

0:34.0

terms of seeing revenue metrics there. First year growth is healthy, a lifetime value to KAC, still figuring it out because they're super early.

0:40.9

Payback period, though, is less than 18 months.

0:43.5

This is the top entrepreneurs podcast where founders share how they started their companies and got filthy rich or crash and burn.

0:58.6

Each episode features revenue numbers, customer counts,

1:05.2

and other insider information that creates business news headlines. We went from a couple hundred thousand dollars to two point seven million. I had no money when I started the company.

1:09.3

It was a hundred and sixty million million, which is the size of

1:11.7

any IPOs. We're a bit strapped. We have like 22,000 customers. With over 5 million downloads

1:19.8

in a very short amount of time, major outlets like Inc are calling us the fastest growing business

1:25.0

show on iTunes. I'm your host, Nathan Latka, and here's

1:29.4

today's episode. Hello, everybody. My guest today is Amit Bendov. He's the co-founder and CEO

...

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