Everything Enrico Palmerino said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Palmerino: Botkeeper guarantees 30% savings on bookkeeping costs
“So it's literally just anyone that needs bookkeeping, you could switch to Botkeeper and we guarantee save you 30% on what you're spending.”
The majority of Botkeeper's clients sign up self-serve online
“Majority of our clients are going to our site, clicking the package and signing up that way.”
Botkeeper supports over 500 customer companies
“We have over 500 companies that we support.”
Botkeeper generated $138k to $140k in monthly revenue last month
“Last month we did somewhere around a hundred and 38, a 140”
Botkeeper was at $35k to $40k MRR one year ago
“A year ago, we were at about 35, 40 K.”
Botkeeper raised $4.5M led by Ignition Partners
“But coming into 27, the end of 2017, early 20 18, we raised four and a half million from, with ignition partners as our lead. And then we had other investors including like Matthew at 500 startups and Trevor at correlation ventures, a bunch of other VCs and se…”
Palmerino invested close to $1M of his own money into Botkeeper
“Probably close to about a million dollars.”
Botkeeper boasts 120% to 134% annual net revenue retention
“So basically we retain a 120 to a 134% of all of our revenue every year.”
Botkeeper has seen only 6% cumulative client churn since founding
“Actually, we've churned a total of about six percent since founding, so.”
Botkeeper spends $2,000 to acquire customers paying $550 per month
“No, we spend two K to generate an average client of about 550 dollars a month.”
Palmerino founded Botkeeper despite personally hating bookkeeping
“Actually, the inside joke in the company is I hate bookkeeping, and so it's very ironic that I started a bookkeeping company.”
Palmerino: Botkeeper alpha cleaned years of bookkeeping in weeks
“We basically were able to show in that alpha with a couple of our clients that we could clean up years worth of bookkeeping in a matter of a couple weeks which is by, like, bookkeeping standards, like, next to impossible.”
Palmerino: Botkeeper generated close to $300K in 2016 revenue
“All in first year, I want to say we did so 2016, we did, you know, somewhere close to 300 K.”
Palmerino: Botkeeper generated over $1M in revenue in 2017
“And then by the end of 2017, we did over a million.”