Billbooks

11 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Aug 10, 2020 by Sagar Kokakar · said 13 times in 1 episodes since 2020 · across every show →

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brought up most by Sagar Kokakar (7), Nathan Latka (6)

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2020 13 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Billbooks, oldest first

Aug 10, 2020 neutral
Assertion Not checkable as stated
Kokakar: Billbooks adds 400 to 500 trial signups per month
“In a month, you could say anywhere between about, ah, four to 500.”
Sagar Kokakar Aug 10, 2020 ▶ 20:45 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020
Disclosure
Kokakar: Billbooks' development was funded internally by his digital agency
“I had a digital agency which was internally funding this product.”
Sagar Kokakar Aug 10, 2020 ▶ 3:19 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020
Assertion Not checkable as stated
Kokakar: Billbooks converts 1% to 3% of free trials to paid
“It really depends, but like a typical it's an average SAS based. So it's one anywhere between one and three percent.”
Sagar Kokakar Aug 10, 2020 ▶ 8:34 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020
Disclosure
Kokakar: Billbooks launched in 2011 charging $0.50 per invoice sent
“The initial books you mentioned about the revenue model the key was to keep it very economical, and it was a pay-per-use model, so we used to charge 50 cents per invoice sent when we launched back in 2011, instead of per user per month.”
Sagar Kokakar Aug 10, 2020 ▶ 6:25 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020
Assertion Not checkable as stated
Kokakar: Billbooks operates with a lean team of just five people
“We're just five.”
Sagar Kokakar Aug 10, 2020 ▶ 3:41 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020
Disclosure
Kokakar: Billbooks plans run $7.95–$29.95/mo, ARPU is $15–$20
“So our plans start from about seven 95 and they go on to about 29 95. It's still below the market price at the moment and an average customer would spend anywhere between 15 and 20 dollars.”
Sagar Kokakar Aug 10, 2020 ▶ 6:56 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020
Assertion Not checkable as stated
Kokakar: Billbooks has between 50,000 and 100,000 total paying customers
“Total, I mean I can give you a range anywhere between, you know, 50 and a 100,000, so it can't, you know, it wouldn't go anywhere beyond that.”
Sagar Kokakar Aug 10, 2020 ▶ 12:04 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020 negative
Opinion
Kokakar: Billbooks lacks bank reconciliation features compared to competitors
“So we're still lagging behind on, on a few features, I feel, and that could be, possibly be the differentiators between us and the competition.”
Sagar Kokakar Aug 10, 2020 ▶ 9:25 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020
Assertion Not checkable as stated
Kokakar: Billbooks has 5,000 to 8,000 monthly subscription customers
“On the monthly subscription plan would be probably anywhere between five and 8000, yeah.”
Sagar Kokakar Aug 10, 2020 ▶ 12:55 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020 neutral
Disclosure
Kokakar: Billbooks does not intend to raise outside funding
“I, yeah, we do not intend to raise money for bill books going forward. Hopefully I mean, never say never, but we've got a very firm kind of goal structure the product development structure that we have in place. And we kind of, we know that where we want to go…”
Sagar Kokakar Aug 10, 2020 ▶ 17:23 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
Aug 10, 2020 positive
Assertion Not checkable as stated
Kokakar: Billbooks maintains a 30% to 40% net profit margin
“About 30 to 40%.”
Sagar Kokakar Aug 10, 2020 ▶ 18:26 BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped
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