Autobound is an integrated sales platform that facilitates efficient engagement between buyers and sellers. We create sophisticated buyer personas for our users, automatically compose individualized and relevant multi-channel sales outreach, and provide best practices and key insights regarding buyer engagement.
We have a development team of 9 working on our product. We released an MVP earlier this year with two paying customers, for the main purpose of validating our core value propositions and getting user feedback.
Our product is built off of the core workflows which led Daniel to be the #2 sales rep at Oracle, and Kyle to be the #1 sales manager at Yelp 5 months in a row.
Both founders and all developers are full-time with Autobound.
There are 2.7M B2B inside sales professoinals in the US, working at businesses where 75% are spending money in sales enablement this year. This gives us a total addressable market of 1.3M users. At $200/user/month, we'd have $485M ARR at 15% of the US market. A conservative assumption that the global market is just 3x larger than the US market, we'd have $1.5B ARR at 15% of the market. Citations in deck.
Problem or Opportunity
B2B sales processes are inefficient and lack buyer insight. Salespeople don't have actionable data resulting in lost revenue and the lowest average quota attainment recorded to date. To put this into numbers, inside sales reps cost $80k annually and only 53% hit their target (AKA quota) last year.
Solution (product or service)
We pave "the path to yes" for sales. Autobound's AI turns data into actionable activities, leads into customers, allowing sales to succeed.
We double the productivity of an inside sales rep at 1/30th of the cost.
Apollo.io, Outreach.io, Nova.ai, People.ai.
The CRM application market is quickly growing, and is expected to reach $30B by 2022.
Advantages or differentiators
Our competitive edge: We've developed a process that made us global top sales performers at numerous companies. We've used the products offered by our competition, and know what features salespeople need to be successful. We can choose our partners more strategically. On our advisory board are the founders of CSO insights, a leading global sales research firm.
Our personas also set us apart. They become highly intelligent with more users, creating a crowdsourced "best salesperson".