Everything Jesse Lempiäinen said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Lempiäinen: GeekLab is raising at a $12M post-money valuation
“12, 12 to be exact.”
Lempiäinen: Only 20% to 30% of Mobile Ad Clickers Install the App
“So on average, around like 20 to 30% of those people actually only end up installing the app.”
GeekLab delayed December customer onboarding to January due to staffing constraints
“So, so like, honestly, we actually by the end of last year, we didn't take all the agreements in in December that we could have. So we actually put some agreements that we're just going to start them in January where we knew that we were going to get more peop…”
GeekLab average customer contract is approximately $1,200 monthly
“On average we're a bit over a thousand bucks a month 1200 ish. And it ranges from all the way up from like 300 bucks a month to like 5000 plus.”
GeekLab counts around 60 paying customers, mostly game developers
“So, currently today like, we have around 60 paying customers at the moment. So we're talking about, like, game developers mostly sixty-ish.”
GeekLab grew from nearly $30k to $50k MRR over one year
“One year ago we were a bit over close to 30 K around. MRR, and then we hit, like 50 K MRR by the end of last month last year”
GeekLab serves Rovio and multiple top 10 mobile gaming companies
“Rovio being, being one of the examples, but like then out of the ones that we can't disclose if you take a look at top 10 mobile gaming companies, so we have plenty of those”
Lempiäinen: GeekLab is currently a profitable business
“We are profitable business.”
Lempiäinen: Over 100 investor calls generated multiple term sheets for GeekLab
“I did over a hundred calls last year with phases to kind of get to a point where we have multiple term sheets and we actually have the opportunity to decide where to go.”
Lempiäinen: Competing app-testing tool cost $60,000 per test in 2019
“I looked at the market. I saw one tool that didn't work and another one that costed like 60,000 bucks for this one test.”
Lempiäinen: GeekLab did not split founding equity evenly
“Not, not really. We've done some shifts after that as well.”
Supercell and Ilkka Paananen heavily reinvest in Finnish tech startups
“Whenever we talk with startups, it's either him personally or supercell that's kind of backed them here in Finland. So that's, I think awesome as well that they put the success back to the market.”