Eric Helzer
person on 1 show · 8 statements across 1 episodes
On the record as a speaker too: Eric Helzer across every show, appearances and statements → this page counts the times other people say the name.
8 statements about Eric Helzer, every show
Helzer confirms Subbase sold 15 to 20 percent equity in seed round.
“So I would say that the equity percentage that you mentioned is, is, is accurate.”
Helzer says Subbase raised $4 million across its seed and converted SAFEs.
“Between the seed and the safe converted we've raised a total. This is now outside before the pre, before the pre-pre-seed of four million.”
Helzer states Subbase is targeting a $1 million revenue run rate.
“Right now, one million is the target.”
Helzer says Subbase has reached nearly 100 paying customers on its platform.
“We have over almost a hundred companies that are on the platform and paying in some way as far as monetization.”
Helzer admits Subbase gave its software away for a year before monetizing.
“We did not charge early enough. It spent, we spent a year giving the software away for free. Testing and really iterating until we started actually charge.”
Helzer says Subbase charged its first paying customer a few hundred monthly.
“On, on day one, we charged about a couple hundred dollars a month and it was a monthly contract.”
Helzer says Subbase's ideal construction customers pay $20,000 to $30,000 annually.
“I would say the average customer size that we do very well with is paying anywhere between 20 and 30,000 a year. That's where we see the most benefit, and that's where the big pain points of the material procurement process are actually taking place at that si…”