BuzzBuilder
company on 1 show · 18 statements across 1 episodes · said 12 times in 1 episodes since 2018
Mentions by year, every show
tap a year for its mentions
Top Founders 12
2018 12 mentions in 1 episode
every mention on every show, scene by scene, with the transcript →
18 statements about BuzzBuilder, every show
Atwood: BuzzBuilder Has No Aspirations to Become a Unicorn
“We don't have aspirations or any desire to go to a billion dollars.”
Atwood: BuzzBuilder targets 5-year exit rather than early $4M buyout
“We do have a plan to grow this up, explode it, and then in five years have an exit strategy, or potentially sooner if we get someone that comes along that gives us a really, really good price.”
BuzzBuilder values early round at 4x revenue, targets 6x for second round
“So the valuation was based on roughly a four X multiple on revenues. And then when we do the second round, it'll be based closer to the, to a six X multiple.”
BuzzBuilder plans initial $500K round followed by $3M to $5M raise
“So we're looking to do a half million dollar first round, and that'll probably lead to a second round of anywhere from three to five million.”
Atwood: Major BuzzBuilder competitors are raising $30M to $40M in VC
“You know, we know there are some major competitors that are getting 30 and forty million dollars in VC.”
Atwood: BuzzBuilder models customer lifetime at 18 to 24 months
“We assume we can keep the average customer for between 18 months to two years”
Atwood: BuzzBuilder averaged $4,900 per customer last year
“Last year, our average customer between multi-user and solos was 4900 dollars.”
Atwood: BuzzBuilder's CAC is under $200 per client
“Our cost of acquisition is less than 200 dollars per client.”
Atwood earned $350K per year as solo consultant before founding BuzzBuilder
“I was in about, personally, about three 50 a year. And consulting, you know, that, it was just me. I was a solo consultant.”
Atwood: BuzzBuilder operates with 10 dedicated employees plus contractors
“So we've got 10 people on the team that are dedicated employees and a number of contractors and folks we outsource to.”
Atwood: Entrepreneurs fail with sales tools primarily from lacking a process
“The number one reason they were failing with a tool like BuzzBuilder, just failing to implement it is because they lacked a process. And especially a lot of entrepreneurs, they really don't have a Cohesive sales process.”
Atwood: BuzzBuilder users who build a campaign within seven days retain
“The most important thing is they need to create their first campaign within the first seven days. And we know if they built their first campaign, the rest is gravy.”
Atwood: BuzzBuilder has a roughly 75% retention rate
“It's roughly, we've got about a 75% retention rate, where, when you're talking to entrepreneurs and sales reps, it's actually much higher than average.”
BuzzBuilder grew 300% over three years, averaging over 100% year-over-year
“So we've got grown by 300% in the last three years. So just over, you know, a hundred percent a year, year over year.”
Atwood: BuzzBuilder will cross $100K in monthly recurring revenue this month
“We will break it this month. Yeah. And next month and the month after.”
Atwood: BuzzBuilder has reached over 1,500 total seats
“Total seats is just over about 1500 seats to date.”
Atwood: BuzzBuilder average price is roughly $115 per seat
“Average is about a 115 dollars per seat.”
Atwood: BuzzBuilder identifies sales leads based on hiring trigger events
“We help you identify people based on certain trigger events that might have a higher likelihood of meeting your product. So if you're a recruiter, we can find companies through certain search tools that are currently hiring for positions on indeed.com that you…”