4.6 • 683 Ratings
🗓️ 29 November 2019
⏱️ 22 minutes
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As founder and CEO of Benevity, the global leader in CSR and employee engagement software, Bryan helps Fortune 1000 clients reinvent corporate giving programs in a way that provides better social and business returns, while simultaneously tackling the biggest struggles in the social impact landscape.
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0:00.0 | founded Benevity as a B Corp. Many, many years, well, probably transitioned to B Corp, but back in 2008, |
0:05.8 | now 500 people, again, focused on helping big enterprise brands engage their employees and |
0:12.7 | retain their employees by helping them figure out how they can give back, how they can volunteer. |
0:16.5 | Currently, 450 customers, we're just talking about their SaaS revenue, which makes up about |
0:20.7 | 50% of their revenue, but about 450 customers called a $100,000 ACV on average, |
0:25.4 | but some smaller, some bigger, call it 45 million bucks in AR, 47% year-over-year growth, |
0:31.4 | which is obviously healthy. Ninety-eight percent logo retention annually, net revenue |
0:34.7 | retention over 120% churn. Sorry, CAAC super, super low. A lot of their |
0:39.7 | stuff is inbound via their team based in Canada and other remote locations. Hello, everyone. |
0:45.1 | My guest today is Brian DeLatenville. He is the CEO of a company called Benevity, the global |
0:50.0 | leader in CSR and employee engagement software. Brian helps Fortune 1,000 clients reinvent corporate |
0:55.5 | giving programs in a way that provides better social and business returns while simultaneously |
0:59.1 | tackling the biggest struggles in the social impact landscape. Brian, are you ready to take us to the |
1:04.2 | top? I will take you as high as I can. How's that? Hey, that works for me. All right, so for people |
1:09.7 | that don't understand this space, |
1:11.6 | how would you kind of describe the business in a sentence or two? And what is your revenue model? |
1:15.4 | How do you support yourself? So we're probably in the intersection of CSR, HR, and brand. So we're trying |
1:25.9 | to help companies engage employees and customers around purpose, |
1:31.9 | meaning, and our business model is, we kind of have an API suite, so that's slightly |
1:37.7 | separate, but the bulk of our revenue and business comes from our cloud product, which is |
1:42.4 | an employee giving, volunteering, grants management |
1:45.1 | kind of platform. And so we have professional services, revenue implementation, managed |
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