Thread by @BrianFeroldi

1/ Key takeaways from interview with @jaminball

1⃣Invest in SaaS companies with "must-have" products, not "nice to have"

More:
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2/ Framework for finding great companies

1⃣World-Class Team
2⃣Great Product
3⃣Large Market
4⃣Market Leader
5⃣Good Economics
6⃣Optionality

3/ Recognize the role of luck

Framework is designed to increase your chances of being lucky,

and decrease your chances of being unlucky

4/ Two most important metrics for SaaS

1⃣Dollar-Based Net Retention (must include churn)
2⃣Payback period to acquire customer

5/ Payback period guidelines

<15 months = Excellent
15 - 24 months = Great
24 - 30 month = OK
>30 months = worrisome

6/ Super enjoyed talking to him

Follow him: @jaminball

Great free substack: cloudedjudgement.substack.com