Everything Dr. Iman Furutan said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Furutan: Contest Factory owns patents for online contests and voting
“And in fact we, as you mentioned, we own the patents on online contests and voting.”
Furutan: Partner Russ Regan signed Elton John, Barry White, and Neil Diamond
“My partner is Ross Regan. He's the one who actually signed Elton John and Olivia Newton John and Barry White and Neil Diamond.”
Furutan: Contest Factory is entirely bootstrapped and has never raised capital
“It's all bootstrap. I've had the company for many years and never raised any money, even though now I'm being approached by all kinds of investors.”
Furutan: Contest Factory custom campaigns average $20,000 in price
“The, it starts as a minimum of about eight grand, and it goes all the way to, you know, to 60 or 70. The average would probably be about 20 grand.”
Furutan: Contest Factory revenue grew about 50% over the past year
“Oh, but about 50%.”
Furutan: Contest Factory will do over $2M in revenue in 2018
“We're looking to do over two million, we believe in, in 2018.”
Furutan: Company software targets TV ads to 44,000 U.S. zip codes
“We have special software written to actually target any one of the 44,000 zip codes in the United States for TV ads at a fraction of the cost on any channel that you want.”
Furutan: Other business profits absorb Contest Factory's operating losses
“And Contest Factory, since it's my baby, and that's the one I started 17 years ago, I keep at it, so and that's why I've been able to actually absorb some of the losses, because the other sides make up for it.”
Furutan: Contest Factory revenue is 70% custom campaigns and 30% SaaS
“As of right now, I would say probably about 70% was custom, 30% SaaS, because we really haven't put a big push behind the SaaS.”
Furutan: Contest Factory SaaS averages $49 to $50 monthly
“Average will be about probably 50 bucks or 49 bucks but our top tier right now is 900 dollars, which actually comes with all the official rules, legally compliant rules, which is a piece that most people miss.”
Furutan: Contest Factory is cashflow positive on agency work, not SaaS
“On the SaaS part, no, but on the other side, yes.”
TOP FOUNDERSLEDGER