Everything Doug Wilbur said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Gremlin Social previously suffered from 10% to 11% monthly logo churn
“It was probably somewhere around, call it, 10, 11% month on month, and we're ratcheting that back.”
Gremlin Social acquires $625-a-month customers for under $200
“Oh, I mean, definitely less than 200 dollars.”
Gremlin Social serves 300 US banks and targets adjacent verticals
“So we work with about 300 banks today, primarily in the United States, and, you know, are looking to grow via adjacency, so growing into insurance, growing into wealth management, growing into mortgage, things like that.”
Gremlin Social's year-over-year revenue growth is between 30% and 40%
“Year on year growth is somewhere between 30, 40%”
Gremlin Social's sales and deal sizes rose 33% under new pricing
“So our sales last quarter, which was the first quarter that we were under our new pricing model, sales were up like 33%. Our average deal size was up about 33%.”
Wilbur: Gremlin Social is raising $1.5M at an $8M pre-money valuation
“It's a, we're raising one and a half and an eight million pre nine and a half post.”
American Bankers Association endorsement gives Gremlin Social access to 5,500 banks
“We're, you know, we're in the endorsed social media solution for the American Bankers Association, for example. That provides us with a conduit into the 5500 FDIC insured banks in the United States.”
Wilbur: Gremlin Social Acquired Competitor Social IQ
“Yeah, so we acquired a competitor. They're a company based out of Birmingham, Alabama called Social IQ.”
Acquired competitor Social IQ is embedded with core processors FIS and CSI
“SocialIQ is firmly embedded with FIS and CSI, so two leading core processors, and so we like that.”
Wilbur: Gremlin Social charges between $625 and $1,500 per month
“So we're really transparent with our pricing. It's up on the website. If anybody wants to see it's, you know, anywhere between call it six, 25 and 1500 dollars a month.”
Wilbur: Gremlin Social launched in 2011 and pivoted to banks in 2014
“So the company has been around since 20 11. We pivoted to work specifically for regulated industries and even more specifically financial services around 2014.”
Wilbur: Gremlin Social's sales cycle takes 90 to 100 days
“It takes us about 90 to a hundred days to close the deal.”
Wilbur: Gremlin Social has raised $4.5 million in venture capital
“We've raised about four and a half million dollars to date through the venture market.”
Wilbur: Gremlin Social bills annually on three-year contracts
“Yeah, they've got a monthly fee, but we bill them annually and we have them locked up on three year contracts.”