Avocode
company on 1 show · 13 statements across 1 episodes · said 19 times in 3 episodes since 2016
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2021 1 mention in 1 episode
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13 statements about Avocode, every show
Vu: Avocode is in active partnership discussions with Adobe
“You know, Adobe is one of the companies we are actually talking with.”
Vu: Avocode rejected a $2M to $3M acquisition offer from InVision
“I think two or three million. A lot of, most of the stuff were, was in stock, so we said no.”
Vu: Avocode is growing MRR at 15% month-over-month
“Yes, we're growing at about a 15% rate at the moment.”
Vu: Avocode retains basic-tier customers for 10 months, business-tier for 18
“So in the garage plan, that's 10 months, which is a bit low, but the business plan currently is 18 months.”
Vu: Avocode raised $125k from 500 Startups for 5% equity
“We actually raised a little money from 500 startups.
So basically why we did that was.
How much was that?
That was one 25 case.
And they take five percent, right?
That's right.
It's, that's pretty low valuation and it's on convertible anyway”
Vu: Avocode is profitable at $50,000 MRR with $35,000 monthly expenses
“Sorry, I probably got it wrong, but we're basically, our monthly expenses are 35 K, so not a burn rate.”
Vu: Avocode Spends Nothing on Customer Acquisition, Relying Purely on Inbound
“So we don't pay basically we pay nothing. We all do is inbound. We, we're not paying any, anything basically at the moment.”
Vu: Most Avocode customer churn comes from freelancer tier
“So most of the customer churn is coming from the freelancers plan, so that's something we don't really worry about, but the teams and companies, the churn are much lower there.”
Vu: Avocode has 7% monthly user churn but -1% revenue churn
“So in terms of in terms of user churn in total, that's about seven percent, which is seven percent monthly. Yes. That's pretty high. But in terms of revenue churn, we have a negative one percent churn on that.”
Vu: Avocode made about $90K in first-week pre-orders
“We actually run a pre-order program before we started selling our code. So we've made about 90 K on that the first week”
Vu: Avocode has 2,800 paying customers and no free tier
“We have 2800 customers. And we don't have any free plans. We only have free trials, so all of our users are paying users.”
Vu targets $100K MRR and $1.2M ARR for Avocode in 2016
“We'll hope to get to 100 K MRR, so about a 1000001.2 annual run rate.”