Everything Eugene Wu said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Wu: Cash-flowing SaaS companies should avoid VC and follow the Basecamp model
“The real reason is like, I'm pretty happy running the company cashflow. Like I don't know, to be honest, if you're cashflow positive and you can be profitable and you can grow at a sustainable rate, Why? And you're growing at a decent rate enough that you know…”
Wu: Venngage has over one million users but ignores vanity metrics
“Users. We have like in the millions, like I honestly don't track three users just cause it's a vanity number, but it's over a million. I don't know what it is at the moment. We hit a million a while ago and I have not kept track.”
Wu: Venngage reaches approximately $250K in monthly recurring revenue
“Around there. We're about two 50 in in MMR. Yeah.”
Wu: Test keyword conversions with Google AdWords before committing to SEO
“We buy AdWords first just to make sure those words convert. And before we go all in on, on, on, on organic.”
Wu: Venngage experiences approximately 10% monthly logo churn
“It's about like 10%.”
Wu aims to grow Venngage into a $100M+ company over 10 years
“I want to grow this to like a hundred million plus company. So would you, I mean, obviously we're talking about very long-term here. I'm not talking about in the next, You know, two or three years. I'm talking about next 10 years.”
Venngage launched with $50K from Jolt and government grants
“So we had, you know, there, we had some initial money from Accelerator, like, 50,000 dollars from Jolt. And then we got, you know, a couple of smaller grants from the government. So, but it's mainly bootstrapped.”
Wu: Paid acquisition represents under 10% of Venngage's customer acquisition
“Our the paid portion of the is less than 10%.”
Wu: Venngage aims for $300k MRR by year-end 2017
“My targets around 300 by the end of this year.”
Wu retains approximately 70% equity ownership in Venngage
“Around air, actually.”
Wu: Vizualize.me reached 500,000 registered users in its first year
“Like the first year, I think we had like 15, sorry, like half a million users signed up.”
Wu: Early Venngage had under five enterprise customers paying $1.5k–$5k monthly
“So we managed to get a few customers that when I met a few, I met like less than five who were paying us Between like 1500 and like 5000 dollars a month to use our tool, which was a lot of money for us.”