Lee: 70,000 viral telemetry data points beats talking to users
“Like, I think one of the biggest benefits of going so viral is now you don't really have to talk to users as much because you can sort of see user data and the quicker you get to see user data, like I'd rather see 70,000 user data points rather than talk to se…”
Meng: Spotify, Pinterest, Wayfair, and hundreds more use User Interviews monthly
“Companies like Spotify, Pinterest, Wayfair, and Vistaprint, hundreds of others are using our platform every single month.”
Meng: User Interviews is raising $4 million
“So we're raising four million dollars.”
Meng: User Interviews charges an average of $30 per recruited participant
“On average, that's 30 dollars per participant.”
User Interviews is closing its first $42,000 annual enterprise contract
“So we're in the middle of closing our first it's about a 42,000 dollar annual contract.”
Meng bought refundable plane tickets to interview travelers past airport security
“Our solution was to go buy refundable plane tickets go sit at airport security and then just talk to people waiting for their flights.”
Hyatt: AI prediction engines will eventually make human user research obsolete
“I think I could invest in your company, and I think for the next two, three years, you can make some money, but I don't think you're going to be right for long, because I believe we have to wipe out all the people, and you have to make a prediction engine that…”
User Interviews grew monthly bookings from $25,000 to $150,000
“We've grown 10% month over month since we raised our seed round February of 2017. We went from 25,000 dollars a month to 150,000 dollars a month in bookings.”
Meng sets a strict $12M valuation floor for his funding round
“We're definitely not going below twelve million.”
Hudson: Dennis Meng gave one of the strongest pitches on the show
“I think this is one of the clearest, strongest presentations I've seen on the pitch.”
Michael Hyatt offers to invest $50k to $150k in User Interviews
“I think I'd put you know, between 50 to 150,000.”
Phil Nadel offers to invest $300,000 in User Interviews
“And for me, I obviously need to see what the valuation is to see what I'm investing in, but I'd like to invest 300,000.”
Jillian Manus commits $100,000 angel investment to User Interviews
“So I'd like to commit right now a 100,000 of my own money as an angel.”
Hudson: Founders must control the dialogue and flow during investor pitches
“I think part of a good pitch is the entrepreneur needs to control the dialogue. He needs to control the flow of the conversation.”
Accomplice prices User Interviews' funding round at a $15M valuation
“An accomplice settled on a fifteen million dollar valuation for user interviews, which is smack dab in the middle of the range talked about on the show.”
Jillian Manus passes on User Interviews due to the $15M valuation
“Jillian ended up getting back to me and saying that the price was a little too high for them to participate.”
Hyatt missed investing in User Interviews due to a flooded inbox
“After the show, you know, you're delused with a whole bunch of stuff, and then you get back into your working life, and then you have a whole bunch of deals going on, and I know this is a poor excuse for the people who listen to this show, but I literally drop…”
Phil Nadel invested $300,000 in User Interviews
“Yeah he invested 300,000.”
User Interviews closes oversubscribed $5 million round
“Yeah, we actually ended up raising five million.”
Migicovsky: Compliments are the worst feedback because they lack actionable specifics
“Some of the kind of worst bad data that you may encounter is compliments. People may say, oh, I love the new design, or man, this thing is really useful. You may love that during the course of your user interviews, but they actually are not useful information …”