Quote Info

Software, cybersecurity and cloud computing professionals, in particular, are in high demand. As a result, techies are making more money than most professionals. In 2016, tech workers received an average annual salary of $108,900 compared to the national average of $53,040.

Small Business Trends

More Tech Services Stats

The largest SaaS companies (>$75million yearly revenue) attribute 2.5x as much new revenue to upselling than the smallest SaaS companies (<$1.25million): 28% versus 11%

93% of CMOs who employ Agile practices say their speed to market for ideas, campaigns, and products has improved93% of CMOs who employ Agile practices say their speed to market for ideas, campaigns, and products has improved

The top 50% of the fastest growing SaaS businesses generate much higher upsells than their competitors. The larger the business, the greater the impact of upselling

Growing faster has twice as much impact on share price as improving margins

SAAS companies that are focused mainly on enterprise sales have higher levels of professional services

Gross dollar churn among companies with an internet go-to-market strategy saw a meaningful increase, up from 8% in 2015

The fastest growing SaaS companies scale their organizations rapidly, growing their teams by an average of 56% each year

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business; which may have a dramatically negative effect on your company’s growth. Source: Mckinsey

SaaS IPOs have more than doubled over the last 12 years

Is your SaaS business viable?

More Culture Stats

in 2016, women-led companies received $1.46 billion in investments from venture capitalists. Male-led companies, on the other hand, received $58.2 billion

The venture-backed companies that were acquired most often had a 7 percent share of female execs, as opposed to 3 percent at unsuccessful (unacquired) firms

Google only has a 30 percent female workforce

Women-led companies have historically performed three times better than those with male CEOs

47% of millennials want to work at diverse companies, according to a recent study.

At Twitter, 10 percent of tech roles are staffed by women

Women in western countries use the internet 17 percent more than their male counterparts

At Facebook, 15 percent of tech roles are staffed by women

It’s been reported that women who work in computer and mathematical fields earn 80 cents to the dollar that men earn doing the same job

A University of Texas study showed that women ask for $7,000 less than their male counterparts in job interviews