Bearer: Previous startup achieved $18 blended CAC per monetized customer at scale
Phil Bearer · The Secret to Building Wealth for Your Children · Aug 14, 2024 · at 9:29
Phil Bearer, founder of Future Money, pitches investors on The Pitch and describes the unit economics of his previous round-up investment platform.
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“We saw a blended cost of about 18 dollars per monetized customer on the last platform, and we did that at scale.”
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More from Phil Bearer
Bearer sold his previous round-up platform for $65M in five years
“I previously started the third largest Roundup to Invest platform globally. I took it from zero to sixty-five million dollar exit in five short years, and I acquired a million users on that platform.”
Bearer: The future of personal finance is multiplayer
“The future of finance, in my opinion, is multiplayer.”
Bearer: Focusing on cash flow and profitability creates exit ramps at every step
“Build a business you want to own and still will others. So if you focus on good growth, cash flow, profitability, you could spit off cash dividends, you could be acquired, you could go public. There will be exit ramps every single step of the way.”
Bearer: 67% of Black and 70% of Latino families do not invest in equities
“67% of black families, 70% of Latino families don't invest in equities today.”
FutureMoney reports 500 customers and a 30% download-to-paid conversion rate
“We went to market in April after getting our SEC approval, and we've onboarded our first 500 customers onto the platform in the last two months. With that, we've seen a 30% conversion rate from download to monetized customer”