Everything Fredrik Skantze said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Funnel encounters software competitors in only 10% of its sales discussions
“You know, I think the biggest, so, so we speak to about 200 new companies every month. And only in about 10% of the case is a competitor involved in that discussion. So out of 200 customers we speak to, 180, it's, they use a spreadsheet, and they're either goi…”
Funnel raised $3M in seed funding and a $10M Series A
“So we've had a couple of rounds of seed funding in total about three million, and then we took in a ten million dollar round in August this year.”
Funnel reaches $180K MRR across 340 customers, growing 10% month-over-month
“We have about 340 customers. So MRR is around 180,000. And it's been growing north of 10% per month the last three months now.”
Funnel's average revenue per customer rose to $525, up from $400
“We now have about average revenue per customer of about 525 dollars, and, but that's up from about 400 a year ago.”
Funnel processes over $1B in annual advertising spend across its platform
“So we process about
A bit north of one billion dollars in advertising spend a year.”
Funnel's enterprise customer segment achieves negative 1.5% monthly net MRR churn
“And then you could, if you split the customer base and sort of small customers and large customers, the larger half of the customers have a negative MRR churn of about -1.5% a month.”
Funnel models a $20,000 average customer LTV with 3x LTV-to-CAC
“Around 20,000 dollars.
yeah.
So, so
yeah,
so there's a payback
Of about a bit over three on on the CAC.
Yep.”
Funnel raised its $10M Series A at a $30M post-money valuation
“Well, I guess it was ten million rates. So. Okay. 20, yeah. 20 pre and 30 posts.”
Fredrik Skantze's prior $30M-funded startup reached 120 employees without exiting
“We raised about thirty million dollars, had a 120 people, had really top, top VC backing. But ended up not having a big exit in the end.”