PureChat
company on 1 show · 11 statements across 1 episodes · said 11 times in 1 episodes since 2018
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Top Founders 6
2018 6 mentions in 1 episode
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11 statements about PureChat, every show
Shojaee rejects hypothetical $3M acquisition offer for PureChat
“No, no, absolutely not. We raised at a higher valuation than that.”
PureChat spends $600 to $700 to acquire a $99/month customer
“We're willing to spend as much as a third of the lifetime value. So about, you know, six, 700 dollars on average to acquire a paying customer at the 99 dollar per month rate.”
PureChat customer LTV is slightly over $2,000
“That's about like 2000 dollars, a little over 2000 dollars is what where we're at like right now.”
PureChat reports 3.8% to 4% monthly churn on paid accounts
“We have about 3.8, just around four percent attrition rate. So a monthly.”
PureChat doubled user growth after shifting to a mostly free model
“So we went to this sort of mostly free live chat model about three months ago and we've doubled the rate of growth as a result of that.”
Shojaee: PureChat has over 4,000 paying customers
“So we actually have over 4000 paying customers right now.”
Shojaee: PureChat reached breakeven with $1.3M in ARR
“And we basically for all practical purposes, we're at breakeven point right now. And we're about 1.3 million in revenues right now.”
Shojaee: PureChat raised $1.5M angel round in Arizona
“No we did an angel round for about one and a half million locally in Arizona.”