What software or SaaS do you consider to be must-haves and some that you consider nice to have in the B2B software industry? And which do you think could survive a recession and which couldn't?"
SS111
Recession proof saas?
17
Billing (Stripe, Zoura, Chargebee)
CRM (SFDC, Hubspot)
Analytics (Tableau, Looker)
Collab tools (MS Office, Google Workspace)
HRIS (ADP, Rippling, Gusto)
Security (1Password, Okta, Authy)
Accounting (Quickbooks, etc)
There’s 7 categories most companies will need to buy no matter what. Lots of solutions will die due to shit products and poor roadmaps.
However, @Pachacuti is right—industries are recession immune, but categories die when their utility and ROI become flat to negative.
CRM (SFDC, Hubspot)
Analytics (Tableau, Looker)
Collab tools (MS Office, Google Workspace)
HRIS (ADP, Rippling, Gusto)
Security (1Password, Okta, Authy)
Accounting (Quickbooks, etc)
There’s 7 categories most companies will need to buy no matter what. Lots of solutions will die due to shit products and poor roadmaps.
However, @Pachacuti is right—industries are recession immune, but categories die when their utility and ROI become flat to negative.
I would also add data warehouse/management (AWS/GCP)
Ah, how did I miss that!
And a lot of these have done layoffs, so even if you work for these still need to have the emergency fund built just in case.
PBC and @TennisandSalesput together the best list you'll find. But @Pachacutiis definitely correct.
Don’t think of it in terms of recession proof products. Think Of it in term of what industries are recession proof, or at least recession resistant. That’s the question you should be asking.
Now if only insurance companies bought the tools their teams need instead of handing our notebooks and pens.
Who doesn't love a good swag bag at tradeshows filled with shit that is thrown away by the time the show ends?
I just went through a box of conference swag and found a wireless charger I'm currently using.
Also, so many pens/notebooks. But also socks. Which are useful.
Also, so many pens/notebooks. But also socks. Which are useful.
Some of the pens are really great! Nothing like an excellent pen. And I agree, the socks are also cool. I've not gotten a wireless charger ever, though. I'll have to watch for that.
Oh yea. I tested the pens and pulled out a bunch of the really good ones.
Wireless charger is pretty sweet, but the best I've got were a Mophie charging block and Yeti tumbler. Same conference, different vendors.
Wireless charger is pretty sweet, but the best I've got were a Mophie charging block and Yeti tumbler. Same conference, different vendors.
#nobodycaresaboutinsurance
See...this is what I'm talking about.
Give me something I'm going to use. Sure, a good pen is a good pen. I also can buy my favorite pens in bulk for $8 on amazon.
A quality tumbler and charging block? Now were talking.
Give me something I'm going to use. Sure, a good pen is a good pen. I also can buy my favorite pens in bulk for $8 on amazon.
A quality tumbler and charging block? Now were talking.
Oh yea, was REAL happy to get those.
Haven't used the tumbler yet, but the charging block has been a help. Love the size of my iPhone mini, but the battery life could be better...
Haven't used the tumbler yet, but the charging block has been a help. Love the size of my iPhone mini, but the battery life could be better...
Until they need it LOL. P.s. I don’t sell insurance 😀
Solid answer (rather question to ask).
Great answer. I'd add that you need to look at who companies are selling to. If those companies don't have valuation themselves, it should tell you something.
All SaaS services are created to have the same level of necessity to be acquired, otherwise they wouldn't be good for business to make something the market won't need.
But we could just say that Prospects may just have priorities towards em that may vary by time.
But we could just say that Prospects may just have priorities towards em that may vary by time.
Wow, this is the humor I needed this morning after yet another mass shooting in America.
Another one, Seriously.
Praying for America and Victims to get cured from that plague ASAP.
Praying for America and Victims to get cured from that plague ASAP.
Building automation systems will at least be kept running which will include service and simple SAAS. People spending on new or large upgrades to HVAC definitely gets sacrificed during recessions pretty quickly, but people still need it and will spend money to at least maintain or fix during this time.
I think that even the SaaS and industry matter less than the actual company itself. I joined a startup that handled a need to have product in a growing industry. Problem is that the startup was poorly run and had woefully incompetent sales leadership. I'd advise anyone against joining a Series A in this climate, if they were any good at what they do, they'd have grown way past that.
Some companies are recession resilient but, there aren't any recession-proof industries per se. Looking at SFDC as a great example, most would say CRM is needed, but they still had layoffs and are laying off. I guess if the question is how do you pick an industry with job security in mind then it's more a game of chance than it is of knowing
Gotcha and this is what I meant and yes SFDC is a good example.
Why did the SaaS company decide to specialize in recession-proof software? Because they wanted to make sure their business didn't turn into a "SaaS-pool" during tough economic times!😂
Currently I joined an accounting software org & we just hit 100% for Q2
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