Luminari

4 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Apr 3, 2023 by Michael Kravshik · said 19 times in 1 episodes since 2023 · across every show →

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brought up most by Michael Kravshik (15), Pablo Srugo (4)

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Everything said about Luminari, oldest first

Apr 3, 2023 negative
Disclosure
Kravshik: Luminari struggled because demand was one-sided in its marketplace
“And in the case of Luminary, we actually did have that from one side of the marketplace. The problem with Luminary ultimately, I know I'm skipping ahead on the story a little bit, is that we didn't have it as much on the other side of the marketplace.”
Michael Kravshik Apr 3, 2023 ▶ 14:57 Michael Kravshik, Founder of LumiQ | How to Pivot to Product Market Fit · PMF Show
Apr 3, 2023
Assertion Not checkable as stated
Kravshik: Luminari founders did over 500 customer discovery interviews with CPAs
“At the end of it, we ended up having over 500 one-on-one conversations with 500 different CPAs, and then we'd also talk to the other side as well, the hiring managers, about what was broken with the hiring process.”
Michael Kravshik Apr 3, 2023 ▶ 5:35 Michael Kravshik, Founder of LumiQ | How to Pivot to Product Market Fit · PMF Show
Apr 3, 2023
What-if
Kravshik: Broader discovery questions would have led to LumiQ faster
“I think had we been more broad, we probably would've come to this faster.”
Michael Kravshik Apr 3, 2023 ▶ 29:30 Michael Kravshik, Founder of LumiQ | How to Pivot to Product Market Fit · PMF Show
Apr 3, 2023
Assertion Not checkable as stated
Kravshik: Post-pivot, LumiQ closed $20k ARR deals in just two meetings
“Once we launched the full product, I mean, that was, it was immediate. Like we were going and making 20,000 dollar annual recurring revenue sales in two meetings to like half hour meetings when it used to take us like five of those meetings to sell like a 800 …”
Michael Kravshik Apr 3, 2023 ▶ 36:53 Michael Kravshik, Founder of LumiQ | How to Pivot to Product Market Fit · PMF Show
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