SlideShare a Scribd company logo
FRONT
All your company’s external communications
in one collaborative inbox.
THE PROBLEM
emails sent per day
Email is the most important business communication channel
But email is a tool designed for personal use
215 billion
are business emails
54%
year-on-year growth
7%
not collaborative bad productivity error-prone
Rebuilding email, for business this time
collaborative integrated unified
Company > Team > User
Share, assign, mention
As transparent as can be
Analytics
3rd party integrations
Open API
All email providers
All channels e
All teams
A multichannel email client, where every conversation finds its way to the
right people, and is accounted for in the right system.
THE SOLUTION
good messaging experience
business ready
consumer
bad messaging experience
FRONT
COMPETITIVE LANDSCAPE
Shared inboxes were the perfect wedge:
small commitment, big pain, willingness to pay, lower expectations for MVP.
0
225
450
675
900
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77
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83
87
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111
106
121
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202
521
624
Shared inboxes managed in Front
WE HAVE A HEAD START
SELECT CUSTOMERS
Front works for teams of all sizes, across many different industries.
Front has a great user experience! It is extremely
efficient, reliable, and easy to navigate.
“
Bellhops, 100 seats
Wouldn’t go back to Gmail if you paid me.
“ Baroo, 20 seats
A wonderfully useful tool that has saved us time and energy. If an opportunity arises to
recommend Front to other teams, even outside of MailChimp, it's always top of mind.
“
MailChimp, 4 different teams
I’m in love with Front!
“Guillermo Rauch, this week-end
CUSTOMERS ARE VERY SATISFIED
0
250
500
750
1000
$0
$30,000
$60,000
$90,000
$120,000
6/1/2014 9/1/2014 12/1/2014 3/1/2015 6/1/2015 9/1/2015 12/1/2015 3/1/2016
COMPANIES
MRR
MRR grew 5.4 times in the past 12 months.
CONSISTENT ORGANIC GROWTH
-20%
-15%
-10%
-5%
0%
5%
6/30/2014 9/30/2014 12/31/2014 3/31/2015 6/30/2015 9/30/2015 12/31/2015 3/31/2016
USER CHURN
MRR CHURN
~3% monthly user churn, negative net MRR churn.
NET MRR CHURN
LOW CHURN
OUR FOCUS TO DATE
Fast iteration: frontapp.com/roadmap
No complex product lines: we only sell licences to use our only product
THE PRODUCT COMES FIRST
We’re our first users
60% of payroll = Engineering
Support agents = 0
3 acquisition channels
organic growth sales marketing
70% of 2015 leads
Customer word-of-mouth
Leader on “shared inbox”
40 qualified demos / month / SDR
28% post-demo conversion
$36k ARR added / month / AE
✓ Content playbook
✓ Co-marketing playbook
✓ Paid acq. unit economics
We’ve identified repeatable strategies to acquire new customers.
We will iterate on those and double down on the winners.
ACQUISITION CHANNELS
Stripe error
Homejoy shutdown
150% annual expansion: the “land & expand” strategy works.
Percentage of MRR retained relative to starting month
WE LAND AND EXPAND
WE’VE BEEN CAPITAL EFFICIENT
$1.3m
$1.8m
$90k
5 months
Spent in 18 months to reach $1.4m in ARR
Left from last seed round
Monthly burn
To be profitable
RAISING $10M SERIES A
TO ACCELERATE GROWTH
1st sales @ and
Cailen D’Sa
Head of Sales
Greg Walder
Head of Customer Success
Former head of upsells @
Unfair access to pool of excellent French engineers
Mathilde Collin
CEO, co-founder
Laurent Perrin
CTO, co-founder
THE RIGHT MIX OF PASSION AND EXPERIENCE
Today Q2 Q3 Q4 Q1 Q2 Q3
New
Platforms
New
Integrations
New
Channels
Entreprise
Ready
Android iPad
New iOS
Messenger WeChat
Whatsapp
Exchange
Dropbox
Google Drive
Box
HubSpot
Base
Zoho
BOTS
Teams SLAs
SSO
Mailchimp
Magento
ConstantContact
Kissmetrics
Mixpanel
Segment
Native Mac App
Custom
Rights
Light
Users
Advanced
Reporting
Other email providers
THE PRODUCT ROADMAP IS CLEAR
NetSuite
Marketo
Etc.
PROJECTIONS
2016 2017
ARR
Headcount
$3m
39
$10m
53
$0k
$250k
$500k
$750k
$1000k
5/1/2016 8/1/2016 11/1/2016 2/1/2017 5/1/2017 8/1/2017 11/1/2017
Payroll (eng.) Payroll (non-eng.) Selling & Marketing Other
$0k
$250k
$500k
$750k
$1000k
5/1/2016 8/1/2016 11/1/2016 2/1/2017 5/1/2017 8/1/2017 11/1/2017
Expenses
MRR
Revenues
Committed:
Stewart Butterfield
Eoghan McCabe
Led by Softtech VC
Angel investments from:
Paul Buchheit
Elad Gil
& 32 more
Series Seed
$3.1M
Series A
$10M
Sept. 2014 now
FUNDING
We’re going after the bigger opportunity.
Front will own the external communications space.
Slack proved that businesses are ready to buy good communication tools.
They’re going after the internal communications market.
THE OPPORTUNITY
THANKS

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Front Series B Pitch Deck

  • 1. FRONT All your company’s external communications in one collaborative inbox.
  • 2. THE PROBLEM emails sent per day Email is the most important business communication channel But email is a tool designed for personal use 215 billion are business emails 54% year-on-year growth 7% not collaborative bad productivity error-prone
  • 3. Rebuilding email, for business this time collaborative integrated unified Company > Team > User Share, assign, mention As transparent as can be Analytics 3rd party integrations Open API All email providers All channels e All teams A multichannel email client, where every conversation finds its way to the right people, and is accounted for in the right system. THE SOLUTION
  • 4. good messaging experience business ready consumer bad messaging experience FRONT COMPETITIVE LANDSCAPE
  • 5. Shared inboxes were the perfect wedge: small commitment, big pain, willingness to pay, lower expectations for MVP. 0 225 450 675 900 h e l l o @ , c o n t a c t @ h e l p @ , s u p p o r t @ o p e r a t i o n s @ b i l l i n g @ , fi n a n c e @ s a l e s @ a c c o u n t s @ b o o k i n g @ , o r d e r s @ c a r e e r s @ b u g s @ , d e v @ f e e d b a c k @ p r e s s @ e v e n t s @ p a r t n e r s @ m a r k e t i n g @ o t h e r s 808 77 78 79 83 87 89 94 111 106 121 125 202 521 624 Shared inboxes managed in Front WE HAVE A HEAD START
  • 6. SELECT CUSTOMERS Front works for teams of all sizes, across many different industries.
  • 7. Front has a great user experience! It is extremely efficient, reliable, and easy to navigate. “ Bellhops, 100 seats Wouldn’t go back to Gmail if you paid me. “ Baroo, 20 seats A wonderfully useful tool that has saved us time and energy. If an opportunity arises to recommend Front to other teams, even outside of MailChimp, it's always top of mind. “ MailChimp, 4 different teams I’m in love with Front! “Guillermo Rauch, this week-end CUSTOMERS ARE VERY SATISFIED
  • 8. 0 250 500 750 1000 $0 $30,000 $60,000 $90,000 $120,000 6/1/2014 9/1/2014 12/1/2014 3/1/2015 6/1/2015 9/1/2015 12/1/2015 3/1/2016 COMPANIES MRR MRR grew 5.4 times in the past 12 months. CONSISTENT ORGANIC GROWTH
  • 9. -20% -15% -10% -5% 0% 5% 6/30/2014 9/30/2014 12/31/2014 3/31/2015 6/30/2015 9/30/2015 12/31/2015 3/31/2016 USER CHURN MRR CHURN ~3% monthly user churn, negative net MRR churn. NET MRR CHURN LOW CHURN
  • 10. OUR FOCUS TO DATE
  • 11. Fast iteration: frontapp.com/roadmap No complex product lines: we only sell licences to use our only product THE PRODUCT COMES FIRST We’re our first users 60% of payroll = Engineering Support agents = 0
  • 12. 3 acquisition channels organic growth sales marketing 70% of 2015 leads Customer word-of-mouth Leader on “shared inbox” 40 qualified demos / month / SDR 28% post-demo conversion $36k ARR added / month / AE ✓ Content playbook ✓ Co-marketing playbook ✓ Paid acq. unit economics We’ve identified repeatable strategies to acquire new customers. We will iterate on those and double down on the winners. ACQUISITION CHANNELS
  • 13. Stripe error Homejoy shutdown 150% annual expansion: the “land & expand” strategy works. Percentage of MRR retained relative to starting month WE LAND AND EXPAND
  • 14. WE’VE BEEN CAPITAL EFFICIENT $1.3m $1.8m $90k 5 months Spent in 18 months to reach $1.4m in ARR Left from last seed round Monthly burn To be profitable
  • 15. RAISING $10M SERIES A TO ACCELERATE GROWTH
  • 16. 1st sales @ and Cailen D’Sa Head of Sales Greg Walder Head of Customer Success Former head of upsells @ Unfair access to pool of excellent French engineers Mathilde Collin CEO, co-founder Laurent Perrin CTO, co-founder THE RIGHT MIX OF PASSION AND EXPERIENCE
  • 17. Today Q2 Q3 Q4 Q1 Q2 Q3 New Platforms New Integrations New Channels Entreprise Ready Android iPad New iOS Messenger WeChat Whatsapp Exchange Dropbox Google Drive Box HubSpot Base Zoho BOTS Teams SLAs SSO Mailchimp Magento ConstantContact Kissmetrics Mixpanel Segment Native Mac App Custom Rights Light Users Advanced Reporting Other email providers THE PRODUCT ROADMAP IS CLEAR NetSuite Marketo Etc.
  • 18. PROJECTIONS 2016 2017 ARR Headcount $3m 39 $10m 53 $0k $250k $500k $750k $1000k 5/1/2016 8/1/2016 11/1/2016 2/1/2017 5/1/2017 8/1/2017 11/1/2017 Payroll (eng.) Payroll (non-eng.) Selling & Marketing Other $0k $250k $500k $750k $1000k 5/1/2016 8/1/2016 11/1/2016 2/1/2017 5/1/2017 8/1/2017 11/1/2017 Expenses MRR Revenues
  • 19. Committed: Stewart Butterfield Eoghan McCabe Led by Softtech VC Angel investments from: Paul Buchheit Elad Gil & 32 more Series Seed $3.1M Series A $10M Sept. 2014 now FUNDING
  • 20. We’re going after the bigger opportunity. Front will own the external communications space. Slack proved that businesses are ready to buy good communication tools. They’re going after the internal communications market. THE OPPORTUNITY