Bird Eats Bug

13 statements across 1 episodes · 5 bullish · 1 bearish · 1 people on the record · first statement Nov 9, 2021 by Dan Mockroff · said 10 times in 1 episodes since 2021 · across every show →

Mentions by year

brought up most by Nathan Latka (9), Dan Mockroff (1)

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Everything said about Bird Eats Bug, oldest first

Nov 9, 2021 negative
Insight
Mockroff: Unequal co-founder equity splits create long-term resentment and instability
“Yeah, like I think, and not just me that it gets really tough. Like if the split is not equal because then it's kind of like who's putting in like more, you know, hours or like more nerves and so on. And that's like not a very stable, I believe a combination, …”
Dan Mockroff Nov 9, 2021 ▶ 14:17 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 positive
Assertion Not checkable as stated
Mockroff: 40% of Bird Eats Bug signups come from word of mouth
“In our case, we have. 40% of signups coming through word of mouth, which is like crazy.”
Dan Mockroff Nov 9, 2021 ▶ 4:53 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 positive
Assertion Not checkable as stated
Bird Eats Bug retains 30% of its free users by week 10
“About 30% of people staying in week 10 and that really depends on the on the role... Are still 30% are still there, are still reporting at least one bug a week.”
Dan Mockroff Nov 9, 2021 ▶ 17:54 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 positive
Assertion Supported
Mockroff: Bird Eats Bug reached #5 Product of the Day on launch
“And I think two months later, we already launched the MVP. So like the minimum viable product on product hunt, and we got to number five product of the day.”
Dan Mockroff Nov 9, 2021 ▶ 1:27 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021
Assertion Not checkable as stated
Bird Eats Bug acquires users for under 10 euros per signup
“From the signups, I think we're paying like less than 10 euros per sort of signup.”
Dan Mockroff Nov 9, 2021 ▶ 6:57 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 positive
Assertion Not checkable as stated
Bird Eats Bug converts 6% of its free signups to paid tiers
“Six percent of all of the signups are now in paid tiers.”
Dan Mockroff Nov 9, 2021 ▶ 5:22 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 neutral
Prediction Not checkable as stated
Mockroff expects most companies to hit free tier limits within a month
“And I think that's going to be like within a month, like most companies will hit that.”
Dan Mockroff Nov 9, 2021 ▶ 4:31 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 positive
Assertion Not checkable as stated
Bird Eats Bug sees a maximum 1% to 2% monthly paid churn
“Like, for paid customers that's I cannot give you the specific numbers, but that's, like, we have, like, one percent, one or two percent churn, like, month over month max.”
Dan Mockroff Nov 9, 2021 ▶ 18:24 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 neutral
Assertion Not checkable as stated
Bird Eats Bug processes roughly 6,000 bug reports per month
“We have about 1600 bugs a week. So that, that would be like what? 6000 a month roughly.”
Dan Mockroff Nov 9, 2021 ▶ 3:22 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 neutral
Disclosure
Bird Eats Bug lost enterprise leads lacking SSO, SOC 2, and self-hosting
“A few bigger companies reached out to us like with thousands of people and we couldn't cater to them because all of them wanted things like single sign on, for example, self-hosted solution, and also SOC two and ISO 2001 certifications.”
Dan Mockroff Nov 9, 2021 ▶ 9:51 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021
Disclosure
Bird Eats Bug sold 20% to 25% equity at a $6M post-money
“Like we gave about like 20, 25% equity. So like about six million.”
Dan Mockroff Nov 9, 2021 ▶ 15:00 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 neutral
Disclosure
Bird Eats Bug bootstrapped first year before raising $1.5M seed round
“We bootstrapped our first year and then we raised a 1.5 million seat.”
Dan Mockroff Nov 9, 2021 ▶ 12:26 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
Nov 9, 2021 neutral
Assertion Not checkable as stated
Mockroff: Bird Eats Bug has reached about 10,000 total signups
“We had about 10,000 signups.”
Dan Mockroff Nov 9, 2021 ▶ 5:29 Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation
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