Eric Beans
person on 1 show · 10 statements across 1 episodes · said 1 times in 1 episodes since 2017
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2017 1 mention in 1 episode
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Beans targets 50.1% control while allocating 20.5% of equity for fundraising
“You know, I've kind of set my minimum at 50.1. I know it's fairly useless because you have voting shares and you can keep control that way. So, so I'm aware, but that's sort of my target. I have about 20.5% of the company available for a capital raise right no…”
Beans: TextingBase monthly churn was roughly 8% a year ago
“Rewind a year and it was much higher. I think it was closer to eight, eight percent for a month a year ago.”
Beans: TextingBase monthly customer churn is approximately 2.87%
“Our current turn is about 2.87%, but you know.”
Beans: TextingBase reduced CAC from $28.47 to $18 via proprietary data
“It's gone from about 28 dollars and 47 cents down to 18 dollars in that range. And mostly because we started compiling our own data, you know, it was a real push of mine to get our own data so we didn't have to, you know, pay a penny of an email.”
Beans: TextingBase operates with a five-person team
“We have a, an engineer up in Maryland who does back-end work in programming. We have a programmer down in Orlando user interface professional in Orlando an attorney that I'm married to and myself.”
Beans: TextingBase took 3.5 years to build due to client work
“It took about three and a half years. And part of that's because my team, we had to take on additional projects just to be able to fund them and pay their salary.”
Beans: TextingBase generates $20K to $25K in MRR
“It's in that area. That's a very solid Virginia tech math.”