TextingBase
company on 1 show · 14 statements across 1 episodes · said 16 times in 3 episodes since 2017
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Top Founders 14
2017 14 mentions in 1 episode
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14 statements about TextingBase, every show
Beans targets 50.1% control while allocating 20.5% of equity for fundraising
“You know, I've kind of set my minimum at 50.1. I know it's fairly useless because you have voting shares and you can keep control that way. So, so I'm aware, but that's sort of my target. I have about 20.5% of the company available for a capital raise right no…”
Beans: TextingBase monthly churn was roughly 8% a year ago
“Rewind a year and it was much higher. I think it was closer to eight, eight percent for a month a year ago.”
Beans: TextingBase monthly customer churn is approximately 2.87%
“Our current turn is about 2.87%, but you know.”
Beans: TextingBase reduced CAC from $28.47 to $18 via proprietary data
“It's gone from about 28 dollars and 47 cents down to 18 dollars in that range. And mostly because we started compiling our own data, you know, it was a real push of mine to get our own data so we didn't have to, you know, pay a penny of an email.”
Beans: TextingBase operates with a five-person team
“We have a, an engineer up in Maryland who does back-end work in programming. We have a programmer down in Orlando user interface professional in Orlando an attorney that I'm married to and myself.”
Beans: TextingBase took 3.5 years to build due to client work
“It took about three and a half years. And part of that's because my team, we had to take on additional projects just to be able to fund them and pay their salary.”
Beans: TextingBase committed to $12,000 annually with Twilio for volume pricing
“That's our minimum. That's just our 12,000 dollars a year is what we've committed to Twilio.”
Beans: TextingBase server costs run about $900 monthly during infrastructure migration
“Our server costs run between 380 dollars, and now they're going to be more because we're actually running two concurrent server infrastructures while we do some additional porting over, so our server costs right now are running about 900 dollars a month.”
TextingBase marks up $0.006 wholesale SMS costs to $0.04 per text
“If our cost per message is about a .6 of a penny and we're charging four cents a penny you know, that's kind of a text.
Four cents a text.”
Beans: Former AOL COO Kimberly Partoll invested in TextingBase
“You know, we have the former COO of AOL is, is one of our investors.”
Beans: TextingBase generates $20K to $25K in MRR
“It's in that area. That's a very solid Virginia tech math.”