TenWeb's team built 60 WordPress plugins with 25 million downloads
“We previously developed WordPress plugins and built numerous plugins, more than 60 plugins with more than twenty-five million total downloads.”
Nazarian: TenWeb earns around $60,000 monthly from legacy plugins
“We have around 60,000 per month revenue
From plugins.”
Most TenWeb customers are acquired directly, not from legacy plugins
“Although we bring TenWeb customers, not, most of our customers are not our plugin customers. We just bring them directly to TenWeb platform.”
TenWeb is raising a $3 million seed round
“Right now, we're raising three millions right now.”
TenWeb's customer acquisition cost is $100
“Our customer acquisition cost is a hundred dollars.”
TenWeb can scale ad spend to $100,000 monthly without losing efficiency
“See the prospect of ads on this, the current channel that it is quite scalable and we can scale it up to several up to a 100,000 per month. I mean, add the budget without losing its efficiency.”
TenWeb currently burns around $20,000 per month
“Around 20,000.”
Nazarian: TenWeb employs over 60 people
“We have a big team of more than 60 people.”
Nazarian predicts TenWeb will become at least a $100M business
“At least we see right now the prospect for Temweb to grow at least a hundred million dollar business, so we won't sell it for five million.”
Nazarian: Half of TenWeb signups choose annual upfront subscriptions
“About half of them. So they are either monthly customers or yearly customers.”