Summary
Dive into the SaaS world with Sean as he unpacks OpenView's latest report. Discover why growth rates are plummeting and which outliers are defying the trend. Is it all about AI and vertical specialization? Tune in for insights on the evolving SaaS landscape amidst a shifting economic climate.
Key Points
- SaaS growth rates decline sharply
- Economic climate impacts SaaS
- Outliers defy downward trends
- AI-native SaaS sees success
- Specialization boosts SaaS growth
Resources
- https://openviewpartners.com/2023-saas-benchmarks-report
Quotes
- "Some, I would say a third is not all that uncommon based on the data that I'm looking at. Some of them are down by half or more than half, which is a pretty dramatic fall off from where we were previously just a year ago."
- "There's been a pretty dramatic shift in the macro economic climate that's predominantly been the catalyst of which I would say has been the steep increase in interest rates."
- "However, the remaining category, the outliers that I mentioned that makes up the balance, which is about 27%, those companies are growing faster than last year."
- "Now in the report, and I'm gonna dive into this in greater detail in future episodes, but they categorize anyone that's falling into this category that's growing faster than last year as, which probably won't become a surprise to many those companies that are AI native."
- "So the more specialized your SaaS product is, the higher growth rate those companies have seen as well."
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What is The Product Launch Podcast?
Sean Boyce from NxtStep shares the latest B2B SaaS strategies to help you succeed. The show covers everything from identifying problems worth solving to scaling B2B SaaS businesses. Sean will walk you through what he is building in real-time and share those results with you so you can learn from his successes (and failures) and apply what works to your B2B SaaS to generate real results.