90

17 statements across 1 episodes · 7 bullish · 0 bearish · 1 people on the record · first statement Apr 28, 2022 by Mark Abbott · said 2 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (2)

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2022 2 mentions in 1 episode

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Everything said about 90, oldest first

Apr 28, 2022 positive
Assertion Not checkable as stated
Mark Abbott: Three active trial users drive 80-90% conversion for 90
“If we can get three users in during a trial period, we're almost at like 80, 90% conversion rate.”
Mark Abbott Apr 28, 2022 ▶ 9:15 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022
Assertion Not checkable as stated
Abbott: 90 has 5,200 companies running on its software
“There's over 12.5000 companies out there, and if you saw the slide earlier, we've got 5200 running on our software right now.”
Mark Abbott Apr 28, 2022 ▶ 6:27 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022
Disclosure
Abbott: Retained 80% ownership in 90 prior to Insight Partners round
“Yeah, so I was at 80% up until Insight came in.”
Mark Abbott Apr 28, 2022 ▶ 17:41 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 bullish
Assertion Not checkable as stated
Abbott: 90 has under 7% user churn and 135% net dollar retention
“User churn is less than seven percent, and our net revenue net dollar retention's a 135%.”
Mark Abbott Apr 28, 2022 ▶ 15:45 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 positive
Assertion Contradicted
Mark Abbott: Millions of Traction books sold, 1,000 coaches sell EOS
“There are millions of copies of Traction out there, which is super cool, and there are, like I said, there are thousands of coaches, and there literally were, up until recently, about a thousand coaches just selling EOS, and so we're very close to those folks.”
Mark Abbott Apr 28, 2022 ▶ 5:14 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022
Assertion Not checkable as stated
Abbott: 90's $20M round was entirely primary equity on the balance sheet
“It was all equity.”
Mark Abbott Apr 28, 2022 ▶ 22:07 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 positive
Assertion Not checkable as stated
Abbott: 90's CAC payback period averages about three months
“On average our payback period is about three months.”
Mark Abbott Apr 28, 2022 ▶ 14:32 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 bullish
Assertion Not checkable as stated
Abbott: 90 has grown revenue 5% to 8% month-over-month for years
“We've been doing five to eight percent month over month revenue growth for several years now.”
Mark Abbott Apr 28, 2022 ▶ 14:01 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022
Disclosure
Abbott: 90 raised a $20M funding round
“So we raised twenty million.”
Mark Abbott Apr 28, 2022 ▶ 3:49 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 neutral
Opinion
Mark Abbott: Insight Partners loved 90's metrics more than its business
“They didn't actually understand our business as well as they loved our numbers, which is kind of a funny story.”
Mark Abbott Apr 28, 2022 ▶ 4:05 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 bullish
Assertion Not checkable as stated
Abbott: 90 achieves sub-1% annualized churn when fully adopted
“If you use our system and you cascade it all the way down so everybody in your company is using our tools, including the feedback tool, our churn rate, annualized, is less than one percent.”
Mark Abbott Apr 28, 2022 ▶ 8:09 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 neutral
Assertion Not checkable as stated
Abbott: Insight rated 90's first board meeting an eight over missing metrics
“Everybody gave the meeting a nine or nine and a half except for insight, and they gave it a, they gave it an eight, and they gave it an eight because we didn't give them all the numbers, the detailed numbers that they wanted to see”
Mark Abbott Apr 28, 2022 ▶ 22:42 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022
Disclosure
Abbott: 90 pays 10% of revenue to license EOS trademark terms
“Yeah, so we just pay a license fee to EOS to use the terms, so we pay 10% of our revenues to EOS to be able to use their trademark terms in our software.”
Mark Abbott Apr 28, 2022 ▶ 7:05 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022
Disclosure
Mark Abbott: 90 reached $10.4M in ARR by April 2022
“So ARR as of today is about 10.4 million.”
Mark Abbott Apr 28, 2022 ▶ 3:25 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 neutral
Assertion Not checkable as stated
Mark Abbott: Two senior marketing contractors cost 90 over $500,000 combined
“And so right now I've got two senior guys in marketing, and together they're costing me over half a million.”
Mark Abbott Apr 28, 2022 ▶ 20:05 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022
Disclosure
Mark Abbott: 90 had $4M ARR when raising its summer 2021 round
“So we raised money last summer, and at that point in time our ARR was around four Around four million.”
Mark Abbott Apr 28, 2022 ▶ 3:37 He Used Community to Hit $7m Revenue, VC's chased him
Apr 28, 2022 positive
Assertion Not checkable as stated
Insight's Jeff Horing claimed 90 had the best SMB KPIs he's seen
“Jeff Horings, who the managing partner of Insight, said we had the best KPIs he's ever seen in SMB.”
Mark Abbott Apr 28, 2022 ▶ 21:07 He Used Community to Hit $7m Revenue, VC's chased him
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