LeadGenius contracts range from $2K monthly to seven-figure annual deals
“On the low end, anywhere between, you know, two to 3000 dollars a month on a high end, so that becomes, you know, what, like 30, 40,000 dollars a year on the high end, which a lot of our customers are, could be, you know, high six figures and even seven figure…”
LeadGenius targets an average contract value of $6K to $10K monthly
“I think five to 10 grand a month six or seven to 10 grand a month is probably used.”
LeadGenius spent $200K to $300K building its initial MVP
“It was probably about a few 100,000 dollars, like two or 300,000 dollars, but it wasn't that much.”
LeadGenius spends $20K to $25K to acquire each enterprise customer
“I think 20, 25,000 dollars is probably, ah, probably something we'll spend.”
LeadGenius's recent $13M funding round provides two to three years of runway
“Last round was thirteen million you know, that should last us, say, two to three years.”
LeadGenius employs approximately 60 people globally
“About six yard people around the world.”
LeadGenius serves approximately 250 active enterprise customers
“About 250 customers or so.”
Upselling drives 30% to 40% of LeadGenius's revenue growth
“I think upsell is a big part of our growth. I would say, you know 30 to 40% probably comes from upsell, if not more.”
LeadGenius maintains a net cash burn of $100K to $200K monthly
“A little over that somewhere between a 102 hundred..”
LeadGenius charges from $2K to $1M per month per customer
“So we generally charge between 2000 a month all the way up to our biggest customers who give us up to a million a month.”
LeadGenius reached around $8M annual revenue in 2015
“2015, we got up to just about eight million a year.”
LeadGenius serves over 200 enterprise customers
“We serve enterprise customers and that segment we're looking at about 200 customers and some change.”
LeadGenius averages close to $40K ACV per enterprise customer
“Right now it's close to 40,000 dollars per user.”
LeadGenius maintains a 10:1 LTV to CAC ratio
“LTV to CAC right now is about 10. So we are getting a pretty good return on investment.”
LeadGenius fully loaded customer acquisition cost is around $15,000
“If you bundle in full sales and marketing costs fully loaded, I'd say it's closer to 15.”
Open sales roles predict company purchasing frequency for sales products
“Information about the number of sales positions that are open at a company, which is a predictor of how often companies will buy sales products.”
LeadGenius achieves net negative revenue churn every month
“Yeah, that's correct. That's roughly right on the gross level. On a net level, we're posting negative churn every month.”
LeadGenius employs 50 local staff and 500 global data researchers
“So we've got 50 folks locally, just shy of 50, plus a crowd of about 500 people around the world who are helping us with data acquisition.”
LeadGenius has raised $8M total, including a $6M Series A
“So we've raised total about eight million dollars. The last round was six million dollars from of course all of our existing investors plus Sierra Ventures who led the round.”
Berman: Inspire Beats bootstrapped to match or exceed LeadGenius in revenue
“We bootstrapped basically over the last two and a half years to be about their size or maybe even a little bit bigger than theirs.”
Latka: LeadGenius raised $8M and generates $700K in monthly MRR
“They raised, they've raised eight million and they're only doing 700 gate per month in MRR.”
Berman: US-based reviewers produce higher quality leads than offshore workers
“Having an American that actually understands the business model of each client runs through each lead specifically you're going to get a lot more high quality leads than you would You know, having a Filipino that's reviewing a list pulled from, you know, some …”
LeadGenius charges between $2,000 and $1,000,000 per month per customer
“So we generally charge between 2000 a month all the way up to our biggest customers who give us up to a million a month.”
LeadGenius reached approximately $8 million in revenue in 2015
“2015, we got up to just about eight million a year.”
LeadGenius serves over 200 enterprise customers as of early 2016
“We serve enterprise customers. In that segment, we're looking at about 200 customers and some change.”
LeadGenius's average revenue per customer is roughly $40,000 annually
“Right now it's close to 40,000 dollars per user. That's annually.”
LeadGenius reports an LTV to CAC ratio of approximately 10
“LTV to CAC right now is about 10.”
LeadGenius's fully loaded CAC is closer to $15,000 per customer
“If you bundle in full sales and marketing costs fully loaded, I'd say it's closer to 15.”
Kulkarni: LeadGenius uses crowdsourced labor rather than on-site consulting teams
“We don't have any say consulting teams that we send on site. What we do have are a crowd of folks who help us get certain kinds of data that might be tricky to get using automated methods.”
Anand Kulkarni uses open sales positions to predict who buys sales tools
“The number of sales positions that are open at a company, which is a predictor of how often companies will buy sales products.”
Kulkarni: LeadGenius achieves net negative revenue churn every month
“That's roughly right on the gross level. On a net level, we're posting negative churn every month.”
LeadGenius generated roughly $700,000 in monthly recurring revenue in early 2016
“Let's see, we are probably close to about 700 and change. I want to double check that number first.”
Kulkarni: LeadGenius operates with 50 local staff and 500 global workers
“We've got 50 folks locally, just shy of 50, plus a crowd of about 500 people around the world who are helping us with the acquisition.”
Kulkarni: LeadGenius Has Raised $8M Total, Including $6M Series A
“So we've raised total about eight million dollars. The last round was six million dollars from of course all of our existing investors plus Sierra Ventures.”