ProsperWorks
company on 1 show · 18 statements across 4 episodes · said 125 times in 14 episodes since 2016
Mentions by year, every show
tap a year for its mentions
Top Founders 125
2018 120 mentions in 11 episodes 11 per episode
- 1219 Will Prosperworks and it's 10,000 Paying Customers Win CRM Wars?
- 1052 You're doing $9m in ARR, why write a book decoding creativity?
- 1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue
- 997 AI Company is Real Deal with 4x YoY Revenue Growth to $3m+ in ARR
- 978 Why Sole Founder is OK Burning $40k Cash and Bootstrapping
- 972 How Battery Paid Off Early Shareholders in Secondary Offering of $40m+ ARR Health Tech Company WebPT
- 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
- 960 How SmartBear Passed $90m in ARR Helping 10,000 Customers Test Software
- 3 more episodes that year, every mention in 2018 →
2017 1 mention in 1 episode
2016 4 mentions in 2 episodes 2 per episode
every mention on every show, scene by scene, with the transcript →
18 statements about ProsperWorks, every show
Lee: ProsperWorks is not for sale to Amazon for a quick flip
“I, no. Not, I would not sell the Amazon. This is a massive market. I built this company to help bring prosperity to the world, to usher in the relationship era. And I've built and sold three companies in the past. To me, I'm not looking for another flip. I'm l…”
Salesforce implementations cost 1-3x the license fee, says John Lee
“Unlike Salesforce, you're paying One to three times your license fee. You're spending anywhere from one to six months basically implementing Salesforce for your organization.”
87% of ProsperWorks users engage with the product daily
“And I will tell you that the one thing that makes ProsperWorks very unique compared to all CRMs is that 87% of our licenses use ProsperWorks every day. Every day, including the weekend.”
ProsperWorks sees 116% to 117% net revenue expansion by month 13
“On a net basis, we are actually expanding. So on average every quote, every dollar that comes in, in month one, a month, 13 is about a buck 16 to about 12. Great. But we're seeing net expansion overall. And so that's what's contributing to our rapid growth and…”
Lee: ProsperWorks LTV/CAC exceeds 3x with 16-month CAC payback
“So LTV to CAC is greater than three. Our CAC payback is within 16 months.”
Lee: ProsperWorks ARPU exceeds $60 per seat monthly
“I'd say it's a little higher than it's a little higher than 60.”
Lee: ProsperWorks is the only CRM recommended by Google
“And, you know, to the point of the Google relationship, we are the only CRM that's actually recommended by Google.”
Lee: ProsperWorks is the fastest-growing CRM in the world
“We are the fastest growing CRM company in the world at this moment.”
ProsperWorks claims a 26% compounded monthly revenue growth rate
“And I think that speaks to the fact that we've grown at a 26% compounded monthly growth rate.”
ProsperWorks has raised $87 million in venture capital
“We have raised a total of eighty seven million in venture financing.”
Lee: Google Is an Investor in and Customer of ProsperWorks
“And Google's an investor.
Google's a customer.”
Latka: Ten CRM startups collectively reached $70M ARR on $70M invested
“We've had Batchbook, Pipedrive, Prosperworks, Close, Propeller, Yesware, Contactually, Serious Insights, Badger Maps, and Kit on the show, which are all basically in that space, and if you add up all those companies just together, they're doing about six milli…”
Lee: ProsperWorks operates at negative net revenue churn
“Yeah, so on a net, I can't comment on our gross, but our net churn is actually negative.”
Over 80% of ProsperWorks customers paid $49 per user monthly
“Our average customer typically signs up for the professional edition, which is a 49 dollar per user per month on an annual basis. About 80% or more of our customers are on that edition.”
Lee: ProsperWorks maintains an LTV to CAC ratio above 5:1
“It's definitely north. It's definitely north of five.”