Botkeeper
company on 2 shows · 14 statements across 1 episodes · said 58 times in 7 episodes since 2019
Mentions by year, every show
tap a year for its mentions
20VC 38
Top Founders 20
2023 1 mention in 1 episode
2019 57 mentions in 6 episodes 10 per episode
- 1476 He wants to replace your CFO, 500 Customers $4.5m Funding, $2m ARR
- 20VC: Benchmark's Bill Gurley on 5 Traits Benchmark Look For When Adding To The Partnership, Why The Abundance of Capital Is Today's Biggest Challenge in VC & The Right Way To Think About Market Size When Assessing Opportunities
- 20VC: Justin Kan on Why We Have To Normalize Vulnerability in Startups Today, Why Attaching Happiness To Future Outcomes Will Only Lead To Suffering & Why It Is Total BS That You Have To "Suffer" When Doing A Startup
- 20VC: Why Historical Loss Ratios Are Simply Too High, Why Data Is The #1 Most Important Piece When Evaluating Effective Reserve Allocation & Why Nothing Is Truly Defensible Today with Jonathan Hsu, Co-Founder and General Partner @ Tribe Capital
- 20VC: Why Portfolio Construction Is Inefficient, Why The Only Thing That Matters In Venture Is Pricing & The Future of Venture; Bundled or Unbundled with Zach Coelius
- 20VC: a16z's Scott Kupor on The Biggest Learnings From Scaling a16z from $300m to $7Bn AUM, The Biggest Mistakes Entrepreneurs Make When Pitching VCs & Why VC Is Simply A Customer Service Business
- every mention in 2019, scene by scene →
every mention on every show, scene by scene, with the transcript →
14 statements about Botkeeper, every show
Palmerino founded Botkeeper despite personally hating bookkeeping
“Actually, the inside joke in the company is I hate bookkeeping, and so it's very ironic that I started a bookkeeping company.”
Botkeeper generated $138k to $140k in monthly revenue last month
“Last month we did somewhere around a hundred and 38, a 140”
Palmerino: Botkeeper alpha cleaned years of bookkeeping in weeks
“We basically were able to show in that alpha with a couple of our clients that we could clean up years worth of bookkeeping in a matter of a couple weeks which is by, like, bookkeeping standards, like, next to impossible.”
Palmerino: Botkeeper generated close to $300K in 2016 revenue
“All in first year, I want to say we did so 2016, we did, you know, somewhere close to 300 K.”
Palmerino: Botkeeper generated over $1M in revenue in 2017
“And then by the end of 2017, we did over a million.”
Botkeeper raised $4.5M led by Ignition Partners
“But coming into 27, the end of 2017, early 20 18, we raised four and a half million from, with ignition partners as our lead. And then we had other investors including like Matthew at 500 startups and Trevor at correlation ventures, a bunch of other VCs and se…”
Palmerino invested close to $1M of his own money into Botkeeper
“Probably close to about a million dollars.”
Botkeeper boasts 120% to 134% annual net revenue retention
“So basically we retain a 120 to a 134% of all of our revenue every year.”
Botkeeper has seen only 6% cumulative client churn since founding
“Actually, we've churned a total of about six percent since founding, so.”
Palmerino: Botkeeper guarantees 30% savings on bookkeeping costs
“So it's literally just anyone that needs bookkeeping, you could switch to Botkeeper and we guarantee save you 30% on what you're spending.”
Botkeeper spends $2,000 to acquire customers paying $550 per month
“No, we spend two K to generate an average client of about 550 dollars a month.”