Qualtrics Co-Founder and CEO Ryan Smith sits down with SaaStr Founder and CEO Jason Lemkin as Ryan reflects on the survey software maker's acquisition by SAP this year. The company was acquired this November in an $8B deal ahead of its planned IPO. This is SaaStr’s founder favorites series where you can hear some of the best of the best of SaaStr Annual’s Speakers. Missed the session? Here’s what Jason and Ryan talk about: Why did Qualtrics turn down a $500M acquisition offer in 2012? What did Qualtrics’ path to fundraising look like? How to build lifelong customers Capital efficiency (and dilution) If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin SaaStr