KeyBot
product on 1 show · 13 statements across 1 episodes · said 20 times in 1 episodes since 2019
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2019 20 mentions in 1 episode
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13 statements about KeyBot, every show
KeyBot targets a $4 million pre-money valuation for its seed round
“I think that right now we could be worth four to five million. So I would say we're, I want to put a pre pre-raise at about four million and then have a five million all in once the money's into the account.”
KeyBot claims a remarkably low 0.5% to 0.6% monthly logo churn
“So I think over the last three months we've seen it was like .5 or six percent very, very low turn for us because when somebody comes to us, they buy a number of tools on our platform, right?”
KeyBot recovers customer acquisition costs in one to 1.5 months
“Yeah, I mean, really it's kind of about a month, month and a half.”
KeyBot acquires agency accounts for $25 to capture a multiplier effect
“So our cost for that is actually lower, usually about 25 dollars but those have a huge multiplier effect to them.”
KeyBot spends approximately $35 to acquire direct clients
“If we go for direct clients right now, we're spending, I would say right about 35 dollars per per client for a direct client.”
KeyBot was generating just $4,000 per month in revenue a year prior
“So a year ago we were doing about 4000 dollars a month.”
KeyBot customers average $62 in monthly spend excluding advertising
“So I was, I think right now we're sending about 62 dollars per month in spend. Some are obviously spending a lot more, some are spending a lot less. That's excluding advertising spend, though, too.”
KeyBot clients typically expand to four to six tools within months
“A lot of our clients will start with one, two, maybe three tools, and they realize the simplicity of it. They realize the ease of, you know, automation between these tools, and typically they're upselling themselves up to four, five, six tools within, you know…”
KeyBot serves approximately 2,000 active business accounts
“So right now we're sending about 2000 all in all.”
KeyBot prices partner software tools at or below direct vendor rates
“So they, and our prices typically come in right at, or just sometimes just below what our own partners are actually directly selling those technologies for.”
KeyBot earns an average 64% gross margin reselling partner software
“So, what we find is for most of our partners, we're seeing about a 64% margin to us, actually.”