Everything Bruce Worrall said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Worrall: Intellisphere platform would cost $20M to $30M to build
“We built a massive platform you couldn't build out for, you know, less than 20, thirty million dollars.”
Worrall: Intellisphere is burning about $45,000 per month
“Well, our burn today, without Since the number of people haven't been paid for quite a while, about five, about 45,000 dollars a month.”
Worrall: Intellisphere pays roughly $500 per month per offshore worker
“We probably pay depending on the head. On average, maybe about 500 dollars a head, so, which they would normally charge 4000 dollars a head, so we're paying, you know, one-sixth, one-eighth. The offshore rate we've been doing that for many years because, again…”
Worrall: Intellisphere is raising $750k at a $6M valuation cap
“If we're doing a convertible note, we're doing a, you know, seven or fifty thousand, six million dollar cap.”
Intellisphere finds Facebook ads more cost-effective than long-tail Google
“We've found Facebook to be a little bit more effective, cost effective than the Google long tail.”
Worrall: Intellisphere generated over $100K in total revenue in 2019
“In 2019, we did a, you know, a little over a 100,000 dollars in total.”
Intellisphere customers currently pay an average of $49 monthly
“They pay anywhere from, well, right now they're paying 49 dollars a month.”
Intellisphere acquires 1,200 trials at $15 CAC with 10% conversion
“At the end of last year, we signed up about 1200 customers, of which about, these are trials. Maybe about 10% of them have converted. I think we had a cost of customer acquisition for free trial, about 15 dollars.”
Intellisphere has slightly under 100 paying active customers
“I think we have about slightly less than a hundred.”