Everything Karina Ludwig said on any show that made the record, most notable first. Each card names its show and opens the statement there.
FunctionFox investors have returned 20x their initial money via dividends
“So they've, they want their money 20 times over in some cases.”
FunctionFox has paid out over $10 million in total dividends
“Oh, yeah, definitely. Much more than that.”
FunctionFox runs exclusively on internally built software and operational tools
“So today to run our business, we use nothing but our own internal tools. So not just FunctionFox, but we have our own SMS system, sales management system, CRM system. We do all of our own billing and tracking and anything that we need for our system we've buil…”
FunctionFox raised just $500k from friends and family and stopped
“It was a half a 1,500,000 from friends and family. One was a big chunk from sort of one investor that was really a family friend and we haven't raised money since.”
FunctionFox has paid dividends continuously since becoming profitable in year four
“But we've been paying dividends ever since we've been profitable, which was like year four or five.”
FunctionFox took 15 years to hit its first-year revenue projections
“We did projections in our first year and, you know, we were really optimistic. We thought we'd do really well. And I think we hit those projections maybe in year 15. So we were a bit out to lunch in terms of our projections.”
Over half of FunctionFox's 18 employees have tenures exceeding seven years
“So we're 18 strong right now, really a senior team, so a large majority of the senior members have all been there for 21 years, then there's a good chunk that's over 15, More than half the team is over seven. And so yeah, pretty much everyone's over five years…”
FunctionFox serves over 100,000 users across 120 countries without VC funding
“So we won't give exact number, but thousands and, you know, over a 100,000 users. We're in about a 120 countries with the large being in the U S so it's, you know, it's not a, it's not small meat and potatoes.”
FunctionFox annual churn remains under nine percent for post-onboarding customers
“If you look at the companies that have been with us for more than three months then the churn's very stable, right? So it's under nine percent but it fluctuates depending if you're looking at the really small ones versus the big companies.”
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