Andy Fletcher
person on 1 show · 16 statements across 3 episodes
On the record as a speaker too: Andy Fletcher across every show, appearances and statements → this page counts the times other people say the name.
16 statements about Andy Fletcher, every show
Fletcher calls ClickFunnels competitor Russell Brunson amazing
“I mean, honestly, at the moment, probably Russell Brunson, like, you know, we, we're kind of in competition, but the guy's amazing. Like, I have much respect.”
Fletcher: I would sell Convertri today for a 5x ARR multiple
“Five X ARR. Definitely. I would five X ARR, I would take it. Like it would also depend how long they want me to stay around for.”
Fletcher: Convertri employs 20 people; Fletcher owns 75%, co-founder 25%
“So whole company, 20 people. How many folks like that own it? I own 75%. My business partner, Neil owns 25.”
Fletcher: Convertri remains 100% bootstrapped with no outside capital raised
“Nope, still completely, hundred percent bootstrapped.”
Fletcher: 10% of Convertri's $1.5M ARR goes to affiliate commissions
“Of the light, 1.5 mil, we're probably doing between a hundred and, I don't know if you say probably between about 10% of the revenue goes out in affiliate commissions.”
Fletcher: AppSumo's deal terms are terrible if you have affiliates
“AppSumo's deal terms are terrible if you can get your own affiliates. If you can't, then it's probably a good play. If you can, it's not great terms.”
Fletcher: Convertri generated $750K in six days during 2016 lifetime launch
“Back in July, 2016, we sold the one and only lifetime deal for Converture we've ever done. That was the original launch. We sold like three quarters of a million dollars of it in six days.”
Convertri holds approximately $700,000 in cash reserves
“At the moment, we're sat on, I think we've got about 700 K in the war chest.”
Convertri grew profitably after Andy Fletcher invested $80,000 to $100,000
“I still bootstrapped. Haven't raised any capital since the first, like, I put about 80, a hundred K in my own money in day one to get it all moving. And since then we've just been profitable and growing off the money we make.”
Convertri has 1,700 recurring SaaS customers and 700 hybrid customers
“So about 1700 on the recurring and another 700 in phase one of our hybrid funnel.”
Fletcher predicts Convertri can reach $1 million MRR without changing strategy
“I think we get to a million bucks a month. Doing like not that much differently.”
Fletcher estimates Convertri's monthly customer churn rate at 15 percent
“But I think about 15, but it's one thing we're finding it quite hard to like zero in on and like exactly what to count.”
Convertri reached $550,000 ARR with 1,000 active recurring subscribers
“So about 700 monthly and about 300 annual. So it's We're about 505 50 annual recurring, so a little bit less than what you just said.”
Fletcher says early lifetime users became a weight around their neck
“As much as I love those lifetime users that we brought on in the early days and brought us capital, like that's like a thousand people who are a weight around our neck.”
Convertri generated $750,000 in five days using an affiliate launch model
“Grand total, we did 750,000 dollars in five days, which was freaking amazing.”