Cook: Tettra averages roughly $110 monthly revenue per account
“Our pubs are like average driven per account is about a 110 dollars. So it's like 1300 dollars per year.”
Cook: The Slack Fund requires startups to have institutional capital
“We didn't take Slack fund money because they have a requirement where you have to have institutional capital, which we haven't raised any institutional capital, so we can't raise from them.”
Andy Cook: Tettra has raised $1.6 million to date
“We raised 1.6 million.”
Andy Cook: I probably would have only raised $300K starting out
“If I were to start over again, I probably would have raised like 300 K maybe enough just to fund like, you know, life, maybe one other engineer, and they just kept it small and scrappy until we got to the point where we're making enough money just to fund it o…”
Andy Cook: Tettra has 535 paying customers
“We have 535 right now.”
Andy Cook: Creating four pages and inviting two users yields 50% conversion
“So the activation event for us is creating four pages and inviting two team members. If you do those two things, you in the, sorry, in the first like 10 days, if you do those two things, you generally have a 50% chance of converting.”
Andy Cook: Tettra hit $60,139 in monthly revenue at end of June
“60,139 at the end of June.”
Andy Cook: Tettra grew revenue 67% over the past year
“So we've grown 67% over the last year.”
Andy Cook: 48% of Tettra's revenue growth came from upgrades
“So, 48% of our revenue in the last 12 months came from upgrades, and 52% came from new accounts.”