1292 How Cvent Hit $500m Bookings with Eyes on $1B in Meeting and Event Space

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6 • 683 Ratings

🗓️ 6 February 2019

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Reggie Aggarwal is the CEO and Founder of Cvent, the leader in meetings, events and hospitality software. A lawyer by trade, Aggarwal founded Cvent in 1999 as a two-person startup, with the goal of making meeting planning easier for his peers in the business community.

Transcript

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0:00.0	founded S-Vent in 1999, went public 2013, took private in 2016 in a $1.6 billion deal with Vista
0:05.7	doing about $220 million in, and it caught bookings today, over 500 million bucks in bookings
0:09.6	across 25,000 customers, you know, call it $20,000 ACV on average, approaching 4,000 folks
0:15.1	in the team so far, net revenue retention between 100 and 115% offices all over the place.
0:19.7	Three acquisitions, very acquisitive now,
0:21.5	post kind of the Vista deal after they got fully integrated with Lanyon
0:24.4	as they looked to continue to scale with more organic growth,
0:26.9	which is the main driver, but also acquisitions.
0:29.6	This is the top entrepreneurs podcast
0:32.8	where founders share how they started their companies
0:35.5	and got filthy rich or crash and burn.
0:40.8	Each episode features revenue numbers, customer counts, and other insider information that
0:47.2	creates business news headlines. We went from a couple of hundred thousand dollars to two point seven
0:52.9	million. I had no money when I started the company.
0:55.4	It was $160 million, which is the size of any IPOs.
0:58.8	We're a bit strapped.
0:59.7	We have like 22,000 customers.
1:03.6	With over 5 million downloads in a very short amount of time,
1:07.9	major outlets like Inc are calling us the fastest growing business show on iTunes.
1:12.8	I'm your host, Nathan Latka, and here's today's episode.
1:17.3	Hello, everyone. My guest today is Reggie Agrawal. He's the CEO and founder of Sevent,
1:21.6	the leader in meetings, events, and hospitality software. A lawyer by trade, Agrawal founded
	...

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