IdealSpot
company on 1 show · 11 statements across 1 episodes · said 10 times in 1 episodes since 2018
Mentions by year, every show
tap a year for its mentions
Top Founders 10
2018 10 mentions in 1 episode
every mention on every show, scene by scene, with the transcript →
11 statements about IdealSpot, every show
IdealSpot has raised $2.5 million in seed capital to date
“No, we've raised, so we've raised to date two and a half million in seed capital.”
IdealSpot acquires user signups for a CAC of $15 to $18
“We're about anywhere between 15 to 18 dollars customer acquisition cost from a signup in terms of sale.”
IdealSpot spends $15,000 monthly on marketing across Google, Bing, and Twitter
“We are spending about 15 grand total a month all in. And that's spread between right now remarketing Google, Bing and a little bit of Twitter.”
IdealSpot dropped its entry-level report pricing from $300 to $100
“We're running that pricing, that a hundred dollar price point right now. I mean, it used to be 300 dollars.”
Smookler reveals IdealSpot struggles with roughly 20% monthly customer churn
“I would say it's probably around 20%.”
Smookler predicts IdealSpot will reach $1 million ARR by late 2018
“Let's just, you know, conservatively speaking, let's just say we'll get there in the next six months.”
IdealSpot surpasses $50,000 in monthly recurring revenue
“Yeah, we're doing higher than that. So we're on our way to the one millionaire.”
IdealSpot reaches 10,000 registered users, adding over 1,000 users per month
“So we have over 10,000 registered users on our platform, and they have plotted over 500,000 locations already on our platform, and we're adding about Another thousand plus per month.”
IdealSpot aims to act as 'Google alerts' for commercial retail locations
“Things are always changing in the retail market and giving them the ability to be more reactive to what's happening is what we are hoping to do more and more of, right? So call it Google alerts for your retail location.”
Seed-stage startups should avoid restrictive feature gating to find product-market fit
“I don't think each stage companies can really get that discerning when it comes to their features. I think it's just right now a prove it point or trying to find product market fit.”