Lemlist founder Guillaume Moubeche discusses his product positioning strategy for cold outreach software.
Insight
Moubeche: Red ocean markets prove product-market fit; just execute better
“If we have competitors, it means that there is always a product market fit. These guys are making shit tons of money. So all you have to do Is to be better.”
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Moubeche: Lemlist generates $30M ARR and $10M EBITDA
“So right now we're at thirty million dollar ARR and ten million dollars in EBDA.”
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Lemlist built its MVP in two weeks and closed 100 outbound customers
“Our first MVP, it was just two weeks of work. I closed, basically, the first 100 customers doing live demos and outbound. I did only this.”
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Lemlist redesign paused growth but more than doubled user activation to 35%
“During that time, it was the month where we went from 40% month-over-month gross rate to zero percent, but at the end of the month, our activation rate was at, like, 35% instead of 15.”
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Moubeche: Lemlist Grew by 60% Month-Over-Month After Redesign Fixes
“So the next month, we grew, I think, this time by, like, 60% because all the unhappy people wanted to churn insurance, but eventually, like, the new one converted at a much higher pace.”
Assertion Not checkable as stated
Moubeche: Lemlist grew from $0 to $10M ARR in 3.5 years
“I think it took us one year to go from zero to 250,000 dollar ARR, annual recurring revenue. Year two, it was we reached one million. Year three, we were like at eight-ish, and then three and a half years, we were at 10.”