Connect with us


The State of SaaS Amid Covid-19

Republished by Plato




It’s no surprise to those familiar with Cloud computing; it has saved all of our butts. After all, what would we have done once the shelter-in-place order was issued if companies were still using email for collaboration and Microsoft office documents.

Imagine a world with no Zoom, no real-time document collaboration, no cloud-based storage. 

Statistically speaking, the 2-hours of daily productivity that we typically achieve in office could have easily decreased to 2-hours a week without cloud-based solutions to fall back on, and from a business perspective that is a very scary thought. 

As you can see below, it’s no wonder Zoom’s stock has shot straight up, even compared with other SaaS companies. 


And as such, other tools like Slack and Atlassian have seen strong market indicators, not to mention the obvious ones like Amazon, GrubHub, Instacart, and DoorDash. 

The New Norm

But this Bull Market SaaS bubble for these types of online collaboration software will not last forever. In a matter of months, we will all be rolling that proverbial rock away from our doors, smelling the fresh air, and wondering to ourselves, “Ok, now what?”

What is now ‘the new norm’ for many local businesses will become their status quo. For instance, my local board game shop, out of necessity, is now an eCommerce store. The tap house down the road takes text orders for growler refills. Don’t expect these new business delivery models to go away after quarantine. No. They will offer companies an additional revenue stream once their brick and mortar is back up and running. 

With new usage comes new needs, new problems to solve and new software ideas, such as security, load-balancing, and other infrastructure. After all, hasn’t this crisis exacerbated the need for cloud-based solutions? 

Mehdi Salour, senior vice president of network operations and devOps at 8×8, said:

“the number of new users for the 8×8 Video Meetings cloud service in February increased close to 100 percent month over month, with the total number of new users in 2020 already reaching more than double the amount since they launched.” (Source)

You might say that even consumers have come to expect these new forms of digital accommodation and thus will be even more open to hiring SaaS solutions in the coming months and years in place of traditional transactions. Thus we expect a huge surge in online software sales post Covid-19 across a variety of industries and use-cases. 

Are You Ready for the Covid-19 Aftermath?

This is no joke. VC money is all but dried up for some. Large purchases have been put on hold until “the coast is clear”. We, at Inturact, have had leads delay the decision to sign with us until they were more sure of the markets and we’ve had current clients downgrade temporarily to preserve their runway. Sadly, we even had a client lose all of their promised VC cash infusion and in one day went from Growth to Survival. 

But this will not last forever. Sure, Covid-19 is leaving plenty of long-lasting economic damage in its wake, but at some point, it will be back to business as usual. And when that happens, your competition will be hitting the streets hard. With the cost of advertising down to an all-time low (as of writing this, a single YouTube view is only $.10!) you better start looking past the work-at-home productivity issues and start planning for life after Covid-19 has passed. 

What Can We Expect?

In early December last year (2019), a 17-year old “thought it would be cool if there was a website that could pull in all the information from all kinds of (sources),” (source) and so built a site that aggregates all the Covid-19 data from around the world into a clean and elegant display. You can see his work here, Covid Data Map. Self-taught, he built something that interested him, and four months later, his traffic is through the roof. 

covid-mapIf that’s the growth going into the Pandemic, what will the growth line look like going out of it? Consider his moment of fame is as long-lived as this pandemic is.


Let’s just lay it out there.

We don’t know what happens after Covid but businesses should take a longer view and should not rely on pandemic news for sustained operations. 

However, if you are seeing a bump, then try to retain as much of that bump as you can for as long as you can.

If you are getting hit right now, then most of your competitors are too, and if you have the means to push through you have an opening to get ahead of the competition like you have never had before.

Starting now, SaaS companies need to look past quarantine and develop a plan for re-entering the market place that takes advantage of, but is not exploitative of, the devastation of this virus. 

Your Existing Customers are now More Important than Ever Before

The reason why investors love SaaS businesses is not that they’re great at acquiring new customers; it’s because they have access to data, unlike most businesses, that help them be great at keeping customers. 

And as we’re sure you’ve heard, it’s astronomically cheaper to retain an existing customer than it is to get a new one. As Gainsight noted,

“Obtaining a new customer can be anywhere from five to 25 times more expensive than selling to existing customers” (source).

This is why it’s important to make sure you have clear metrics regarding business retention:

  • Is your churn being tracked? 
  • Do you have exit interviews? 
  • Can you take steps to surprise and delight customers to increase brand loyalty? 

Increasing Retention via Tracking Your Customer Engagement Churn Rate

A huge part of retention is truly understanding customer engagement and how to identify growth opportunities from tracking it. One aspect of this is knowing your customer engagement churn rate. Most companies track customer (logo) churn and revenue churn, however, they don’t track customer engagement churn. 

What is Customer Engagement Churn?

To answer this, we must first understand customer engagement. Every SaaS product has a set of events or actions that a customer takes within their product that are the most important actions. We call these Actionable Metrics, learn more about these here.

Defining and tracking these actions, in particular retention metrics, are vital in understanding how engaged each of your customers are with your product. To learn more about defining your actionable metrics, check out this video on tracking the metrics that matter most for your SaaS business.

Once you agree on your actionable retention metrics and they are being tracked, you can now know the moment a customer’s usage of these mission critical events drop. At this point you have what we define as Customer Engagement Churn. 

Oftentimes this indicator happens months before a customer even considers cancelling their account. 

Just imagine what you can do with this data!

By proactively addressing engagement churn through properly defining and tracking your actionable retention metrics, also known as customer engagement analytics, you can put in place strategic marketing and customer success tactics to address customer concerns before they churn, thus increasing retention and even potentially opening the door for additional expansion revenue.

Get help defining your companies Actionable Metrics

Bandwidth Preservation and Alternative Forms of Distribution

According to ZDNet,

“Traffic prioritization and shaping need to be put in place for core business applications during prime hours, which includes video conferencing for business and personal use. This would effectively be the opposite of net neutrality, as an emergency measure.” (Source)

New software is going to have to use less memory and optimize for processing power and bandwidth. Since the pandemic, every conference call we’ve experienced has been interrupted by poor bandwidth whether that’s in ISP themselves or our kids watching Netflix on three different devices in our house. Note: Netflix is actually throttling video quality in Europe because of this. 

Previously the game was to use as much bandwidth as possible without sacrificing user experience. Now, consumer expectations are, “Let’s just get the job done without crashing.”

As such, any innovations around Infrastructure, cloud computing, CDN or load balancing are going to become important post Covid-19. 

Business Productivity: Moving Away from Mobile Computing

Since there is far less commuting and certainly there will be more people working from home after this, making sure your app works just as well on mobile devices is less important. 

Personally, I don’t have a commute, so I don’t listen to podcasts very much as I’m not stuck in traffic and I no longer need to rely on my phone for Slack when out and about since I’m now never more than 5 steps from my laptop. 

Thinking forward, there may be a bit of a transition back to desktop. You may look at focusing less on your mobile experience for a bit and more on making sure your desktop experience is as compatible as possible. There are a lot of people now working from home on their old laptops with old operating systems. 

New Privacy and Security Concerns 

When everyone is at home, there’s not much need for apps that track your location, nor is there as much concern about the security of that private information. There are no traffic jams to avoid, and there are no teenagers to track down (You hope!). 

New systems are already getting developed to optimize the movement of goods and services to you, rather than the other way around. So the question is no longer, “Can I get there in time” but rather, “How long until my stuff arrives.” In Rhode Island, for example, there is currently (at the time of this writing), a three-week wait to get your groceries delivered. (Source

My wife works in healthcare administration. She goes to the office everyday, wears a mask at her desk and goes through temperature checks to enter the building. This is great in theory, but since she’s not patient-facing, why can’t she work from home? 

Five letters: HIPPA. There’s no way to ensure that a home-station would not be compromised by the snooping eyes of her husband. 

Patient health data is sacred and fines for breaking HIPPA are extreme but ultimately unenforceable when removed from a clinical setting. Other sensitive industries are similarly afflicted, where the health and safety of the worker comes second to the security policies currently enforced. 

What’s happening with face recognition and digital identity right now that could solve this? 

To make matters even more complicated, companies that are thriving now, like Zoom, are coming under increased scrutiny with regards to how they are protecting user data. As we know, unless you’ve been under a rock, Zoom is being sued for just this violation. With more people buying things online, that data is massive and potentially very valuable, however, if not secured, could become a source of fraud and other security issues. 

zoom-meetingOne final and dangerous word about security… Now, more than ever before, misinformation is dangerous and life-threatening. When my mom had a Covid-19 scare and was showing symptoms, she said, “Oh I’ll drink some hot water. Hot water kills the virus.” She read this online and was literally about to put her life in the hands of a bogus fake-news post. In the end, she luckily tested negative, but it makes you think of all the thousands of people who may have believed this claim. 

Some Domain Name services are taking a leadership role in removing websites promoting non-scientific news about the virus. And on this topic, Facebook has remained alarmingly quiet. 

Have we finally come to understand that there actually is a reality and truth can’t be made up? 

What software services can come into play to solve this problem?

Bridging the Gap Between Online and Offline

Restaurants and food distribution companies are reshuffling how they reach customers.  Food-prep, online food shopping and delivery are all being reimagined. Delivery is going to take precedence more than ever and companies need to work with their carriers more closely to ensure a good customer experience. 

“With as many as 75% of all restaurants having to close due to economic losses incurred from the Covid-19 crisis, it may be necessary or more efficient to have a centralized or a consolidated distribution of food and other goods in major population centers.” (Source

Using Data to Make Smarter Marketing Decisions

What data do you need in order to make the best marketing decisions for your business? 

We’ve made some market projections here, which we hope are helpful, but when it comes to getting your SaaS business back on its feet, you’ll need to make sure you are making data-backed decisions. Otherwise, you run the risk of making emotional decisions or decisions based on an out-dated pre-pandemic paradigm. 

Here is a basic breakdown of the most important areas to consider to give you a head start:

Define the Most Important Metrics to Track

Start by determining the most important metrics to track for your particular business and you will set the building blocks to having total team alignment. Again, have a look at our Actionable Metrics framework to kick this off. 

Assign Team Responsibility

Take team alignment one step further with deeper accountability. Determine the teams (Sales, Marketing, Customer Success, etc.) responsible for growing each metric as well as an individual owner responsible for determining if the metric is on track or not. Build a Team Scorecard to review on your weekly or monthly team calls. 

Here is a free Team Scorecard template to get you started.


Understand the 3 Vital Types of Tracking

At Inturact we breakdown tracking into 3 primary areas: 

Accountability Tracking

We just discussed what we call Accountability Tracking. Holding your team accountable for growing the actionable metrics

Dashboard Tracking

This is the most common type of tracking everyone already knows. These are dashboards built with BI Tools or Excel sheets that keep a high-level pulse on your business. Generally, if someone discovers a downward trend in a metric or new issue within a dashboard they try to determine a test or opportunity. However, we suggest taking this one step further with Opportunity Tracking. You can find high level opportunities within Dashboard Tracking but to determine a true test you need to dig deeper into the data.

Opportunity Tracking

This is where you work to discover deep insights within your user analytics to pinpoint the highest opportunities for growth and work to resolve issues faster. Most companies put this task on their data scientist. However, we suggest checking out a tool called InnerTrends which puts the power of a data scientist into a product manager’s hands without having to be one!

We will be writing a more detailed article on this soon. In the meantime learn more about these types of tracking by scheduling a SaaS consultation with an Inturact growth expert.

Determine the Right SaaS Metrics to Track & Revenue Goals

What other important SaaS metrics do we need to track that will help us identify how the business is growing? For example, we need a channel CAC goal in order to make sure our marketing channels are producing, the unit economics are making sense and we are growing in a healthy way.

Important example metrics that we will need include but are not limited to:

  1. Revenue Goal
  2. CAC (Overall and by Channel)
  3. Churn
  4. LTV
  5. LTV:CAC Ratio

Finally, determine the best strategies to grow.

What strategies make the most sense to grow your product based on all of the data research we have done so far?

At Inturact, we breakdown our focus areas from the top down starting with what we call our Growth Pillars which align with the customer journey like this:


We suggest paying close attention to the metrics and strategies surrounding Activation, Retention and Referral in the coming months as:

  • Churn increases
  • Revenue decreases
  • Burn rate increases and runway becomes a bigger focus

For help in any of these areas in order to get ahead during this pandemic as well as afterwards we would love to chat about how we can help. 

Schedule a call with a growth expert to talk about how Covid has affected your business and how Inturact can help. 

Talk with a Growth Expert




JP Morgan: Bitcoin Needs to Reclaim $40K Soon or Momentum Will Fade

Republished by Plato



Bitcoin has to endure and overcome the $40,000 boundary in order to avoid a consequent major price correction. JPMorgan strategists say that otherwise, the major cryptocurrency might suffer investment outflow.

The $40K Is the Key to Future Prospects for BTC

According to a JPMorgan Chase & Co report, cited by Bloomberg, this level is an omen to more eventual losses.

The major financial institution strategists led by Nikolaos Panigirtzoglou said that the cryptocurrency is at risk of further losses and an outflow of trend-following investors unless it can “break out” over the $40K frontier. The team added that the pattern of demand for BTC futures and the $22.9 billion Grayscale Bitcoin Trust might help determine the perspective.

“The flow into the Grayscale Bitcoin Trust would likely need to sustain its $100 million per day pace over the coming days and weeks for such a breakout to occur,” the strategists commented on Friday.

After a record-breaking hit near $42K in the first week of January, Bitcoin suffered a significant price correction with almost $12K in just a short time, leaving investors pondering the reasons. JPM strategists said that the primary cryptocurrency has been in a similar situation last November when it passed the $20,000 test.

Furthermore, a significant flow of institutional money entering the Grayscale trust has encouraged the BTC rally claimed, JPM specialists. They’ve also noted that trend-following traders “could propagate the past week’s correction” and “momentum signals will naturally decay from here up till the end of March” if BTC price doesn’t break the $40,000 milestone.

Breaking the $40K Limit and Replacing Gold?

Amidst both volatile behavior and opinions on BTC, recently, JPMorgan shared another possible Bitcoin scenario. As CryptoPotato reported, analysts from the financial institution have claimed that the cryptocurrency has taken portions of gold’s market share which could lead to price losses for the bullion.

Back then, strategists said that institutional investors had shown significant transfers from gold ETFs to bitcoin, thus suggesting adverse price developments for the noble metal.

Both bitcoin and gold have one thing in common – their rather limited supply – which had encouraged investors to think that the digital asset might replace the precious metal to an extent in the future.

Analysts said that since October, “money has poured into Bitcoin funds and out of gold, a trend that’s only going to continue in the long run as more institutional investors take a position in cryptocurrencies.” Still, the bold suggestions remain more of a speculation, while BTC remains quite volatile.

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Continue Reading


Bitcoin Exchange Owner Sues Australian Banks For $290K For Accounts Closure

Republished by Plato



The legal battle comes as the Aussie man allegedly suffered significant losses in his crypto business after the banks, Westpac and ANZ, shut down his accounts, local media reported Monday.

According to the proceedings filed at the ACT Civil and Administrative Tribunal, Allan Flynn alleged that the banks’ action was illegal as they closed his accounts without any prior warning or reason.  

20 Accounts Closed In Three Years

Flynn owns an AUSTRAC-registered crypto exchange with about 450 customers. Using the platform, he helps his clients to purchase crypto assets like Bitcoin.

The Australian Financial Review revealed that the complainant has had about 20 of his accounts shut down in the last three years by more than five Australian banks, including CBA, NAB, ING, and Bendigo Bank, to mention a few.

Following the continued account closures, Flynn said he opened new accounts with Westpac and ANZ while informing the banks that the account was for crypto transactions. But both accounts were closed after almost a year of running them. He said he received a message from Westpac saying his account would be closed in five days. His effort to open another account with Westpac was not successful.

He requested to know why his account was closed and why he couldn’t open a new one, and the bank told him that he was “under investigation for cryptocurrency fraud.”

Flynn said Westpac offered him a compensation of AUD$250 for not providing “reasonable notice” before closing the account. However, he hasn’t “seen a cent of it either.”

Not The Only One

For one thing, cryptocurrencies and exchanges are legal in Australia, and there’s no law prohibiting banks from rendering services to crypto traders. However, Flynn noted that he is not the only victim of this unlawful discrimination. 

“I am by no means alone or the first. I know of at least one other trader who has had accounts closed more than 60 times,” he said, adding that “how am I supposed to run a lawful business if I can’t get a bank account?”

According to the report, Flynn demands a total settlement of AUD$375,000 from the banks, with the hearing expected to take place in late March. 

He is seeking AUD$250,000 for stress and inconvenience and AUD$125,000 for emotional distress and reputational damage. Aside from closing his accounts, Flynn alleged that an ANZ employee informed other banks and his clients that he was fraudulent. 

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Continue Reading


Cardano Price Analysis: 18 January

Republished by Plato



Cardano’s price has surged by a massive 133% in the last 15 days and the rally shows signs of more upward movement. Trading at $0.378 ADA is ranked the sixth-largest cryptocurrency in the world in terms of market cap. The cryptocurrency has witnessed a reduced volatility phase leading to fairly stagnant price movement.

Due to the formation of a bullish pattern, ADA’s outlook is overall bullish and suggests a price surge upwards of 10 -30% in the mid-to-long term.

Cardano 4-hour chart

Source: ADAUSD, TradingView

As seen in the chart, ADA’s price has formed a bullish pennant with the price already breaking out of the pattern on January 16. Since the breakout, ADA has surged approximately 20% to where it currently stands. Although the general outlook is bullish, there might be a retest of the supports at $0.3579 and $0.3455, pushing the price higher.

With the price already surging 20% from the pennant, we can expect another 40% surge on the table. Hence, a long position would better serve the profits that are yet to come.

Source: ADAUSD TradingView

Supporting this is the constant inflow of volume despite the stagnant movement in price as seen in the OBV indicator. Following this, there is the RSI indicator that shows a retreat from the overbought zone due to the recent breakout from the pennant.

Lastly, the MACD indicator showed a dip in both the MACD line and the signal indicating a decrease in buying momentum. It also shows that these lines might undergo a bearish crossover soon.


With bitcoin trending sideways, this is the time for altcoins to surge higher. Rightfully so, altcoins are surging without a stop in sight, hitting new all-time highs – especially the DeFi coins. With ADA’s bullish pattern, there is a high chance for it to surge to $0.5333 or 67%. On the other hand, a drop below 0.240 would indicate failure of the uptrend and a continuation of the downtrend.


Continue Reading
Blockchain2 days ago

Will exchanges run out of Ethereum?

Blockchain3 days ago

Consob Blocks 6 New Illegal FX Websites

Blockchain1 day ago

Bitcoin Cash, Zcash, Decred Price Analysis: 17 January

Blockchain3 days ago

Ripple partners Mobile Money for wallet-to-wallet payments between Malaysia and Bangladesh

Blockchain5 days ago

CoinGate Delists XRP as Gatehub Holds Fort

Blockchain3 days ago

Bitcoin Reserves Of Stands As Twice The Worth Of EOS

Blockchain3 days ago

Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know

Blockchain3 days ago

Six-Figure Bitcoin Price Predictions Back on The Table

Blockchain1 day ago

Decred co-founder explains the possible effects of a CBDC takeover

Blockchain1 day ago

Healthcare Jobs of the Future

Blockchain1 day ago

Cardano “Working On Something” That Could Solve Twitter’s Decentralization Dilemma

Blockchain1 day ago

Ethereum, Monero, Algorand Price Analysis: 17 January

Blockchain2 days ago

Michael Novogratz’s Galaxy Digital to Jump Into BTC Mining

Blockchain3 days ago

FinCEN Extends Comment Window on Proposed Crypto Regulations

Blockchain1 day ago

Will Bitcoin see another trend reversal in 2021?

Blockchain1 day ago

Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM

Blockchain3 days ago

Fintech’s Hottest Trends in 2021? Privacy, Control, & Customization

Blockchain3 days ago

Exchanges See 27% Drop In ETH Supply In Just 48 Hours

Blockchain3 days ago

Federal Reserve’s Powell Says Stablecoins Risk “High-Level Focus”

Blockchain3 days ago

Ripple Unveils Plans To Expand Its Presence In Europe With New Hire Amid SEC Lawsuit