@smalter How painfully average most startups are. You always read about huge success or huge failure stories...but the fact is, 99% of companies don't operate in either of those spheres.
Most startups are struggling with at least some part of their business.
Fascinating and useful, I find the numbers reassuring, that it's not about the huge successes and with work I can achieve them. Would love tooltips on all the acronyms though, e.g. the Quick Ratio is useful.
Back in 2014, when I made the risky move of publicizing our entire revenue dashboard, I had no idea what I was getting myself in to. I just knew that information was something that, selfishly, I wanted access to as a new business.
I wanted to break down the โYeah bro! Hockey stick growth!โ mentality that was so prevalent in startup culture. Of course, I wasnโt the only (or even first) company to make transparency a part of our company culture. Folks like Buffer and Groove had been doing it for quite a while. I wanted to keep that momentum going. As a company, we worked to help other businesses do the same with Open Startups.
Now, weโre taking the next big step with Open Benchmarks.
https://medium.com/baremetrics-f...
Very interesting - the churn numbers are much higher than what is normally published, but these baremetrics numbers are much closer to what I hear talking to SMB SaaS founders
Wow, what an awesome resource, thanks @shpigford! I'm surprised at the churn, and that only 31% have a free plan, but I'm most surprised that MRR is higher for services charging Under $10 than the ones charging $10-$25 and even $25-$50! As someone in B2C SaaS, that's encouraging. :)
Ahhh, yes. This is where Baremetrics becomes a platform that everyone can use and benefit from, not just from the data of their own SaaS and those who choose to share openly. This brings aggregated data where everyone can learn.
@shpigford This is awesome. We loved our trial of BareMetrics and will be buying soon. Question on these benchmarks. When you see revenue churn of 8.1% and revenue growth of 12.4%. Is that per month?
Love it, and love Baremetrics! We learn a lot about our company GrooveJar.com using BM and also now using their dunning feature which was stupid easy to set up. Thanks a lot for an awesome product and great support Josh and team!
Thanks for sharing, Josh! Really interesting and helpful data.
I feel like the average number of plans per company is high (the average sits at 10). Does this data point include private backend packages like coupon rates, one month free, etc...? I'm assuming so, but figured I would check. Thanks!
CM Commerce