Everything Mike Preuss said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Preuss: Visible is growing ARR at 200% year over year
“But you know, ARR is, is growing 200, you know, percent a year.”
Preuss: Most founders lack time to nurture investors like sales leads
“Most CEOs and founders don't have time to properly nurture an investor like they would a sales lead.”
Preuss: Investor update security relies on good email stewardship
“You know, for us, everything is, is rendered directly first and foremost in email. And that's kind of our baseline, right? So if someone if you're sending email anyways, people can forward around. So it's really up to kind of you and your investor and making s…”
Preuss: Visible's ACV is approximately $150 per month
“Yeah, they're paying on average about 150 dollars a month. So any, you know, kind of ranges, but our ACV is right about 150 dollars a month.”
Preuss: Visible has over 600 paying customer organizations
“It's right. It's above 600. So we have roughly a third of our organizations you know, paying to use visible.”
Preuss: Visible has raised $1.1M in total outside capital
“1.1 million.”
Preuss: Visible operates with five full-time employees
“So the team's currently five full-time folks and we're hiring for two open positions right now, but a full team of five.”
Preuss: Visible's annual churn is under 2.5%
“So churn's under two and a half percent.”
Preuss: Publishing one update yields a 95% conversion rate for Visible
“But once we have a customer sending one update out and publish it, we have like a 95% chance of landing them as a customer.”
Preuss: Lighter Capital funded Visible in 15 days from start to wire
“It was like 15 days from the start to the end. And it was cool. We did it. We did a podcast in series with them because we essentially just turned over our visible profile to the letter capital team and they had everything they needed. And we did it, you know,…”
Preuss: Visible served as the early prototype for High Alpha
“So we were a company that was started prior to High Alpha. So I started Visible with two partners there, Christian Anderson and Mike Fitzgerald, who then joined at High Alpha. And so we were kind of like the prototype or MVP for what High Alpha is today.”
Preuss: Visible spent $100 on paid marketing last month
“Our budget to give you an example was like a hundred bucks last month. So we're starting to ramp that spend up to 2000 and figuring out where, where that is, but we just don't have great data in terms of what paid is going to get us so far.”
TOP FOUNDERSLEDGER