4.6 • 683 Ratings
🗓️ 2 October 2018
⏱️ 22 minutes
🧾️ Download transcript
Louis Têtu is Chairman & Chief Executive Officer of Coveo. Prior to Coveo, Louis co-founded Taleo Corporation, the leading international provider of cloud software for talent and human capital management. Prior to Taleo, Louis was President of Baan SCS, the supply-chain management solutions group of Baan, a global enterprise software company.
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0:00.0 | Empowering others is the secret to success. He launched Coveo in 2008 to build a much better kind of contextualized version of search. He's now working with over 1,000 customers that pay on average call it 75-ish hundred per month historically. More importantly, though, moving forward, he's landing folks about a $200,000 ACV, super close to $100 million AR run rate, less than 5% revenue churn annually, |
0:22.6 | 124% net revenue retention annually. |
0:25.4 | He turns a dollar into $1.58 over two years on customer accounts typically, |
0:29.1 | and to get those customers in the first place, spends anywhere between $1.20 and $170 |
0:33.1 | to acquire a new dollar of AR. |
0:35.1 | He's got a team of about 350 people. |
0:37.3 | He's raised $150 million. 350 people. I've raised 150 million bucks. |
0:39.5 | This is the top entrepreneurs podcast where founders share how they started their companies and got |
0:45.6 | filthy rich or crash and burn. Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines. |
0:59.7 | We went from a couple hundred thousand dollars to $2.7 million. |
1:03.0 | I had no money when I started the company. |
1:04.9 | It was $160 million, which is the size of any IPOs. |
1:08.3 | We're a bit strapped. |
1:09.3 | We have like 22,000 customers. |
1:12.5 | With over 5 million downloads in a very short amount of time, |
1:17.3 | major outlets like Inc are calling us the fastest growing business show on iTunes. |
1:22.4 | I'm your host, Nathan Latka, and here's today's episode. |
1:26.2 | Hello, everyone. My guest Nathan Latka, and here's today's episode. |
1:34.9 | Hello, everyone. My guest today is Lewis Tatu. He is the chairman and chief executive officer at Coveo. Prior to the company, Lewis Co-founded Talio Corporation, the leading |
1:39.2 | international provider of cloud software for talent and human capital management. Before that, he was president of Ban SCS, the Supply Chain Management Solutions Group of |
1:48.8 | Ban and Global Enterprise Software Company. |
1:50.9 | Luis, are you ready to take us to the top? |
... |
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