ChannelGrabber

12 statements across 1 episodes · 5 bullish · 0 bearish · 1 people on the record · first statement Nov 16, 2019 by Mike Morgan · said 32 times in 1 episodes since 2019 · across every show →

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brought up most by Nathan Latka (22), Mike Morgan (10)

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Everything said about ChannelGrabber, oldest first

Nov 16, 2019 neutral
Disclosure
Morgan: ChannelGrabber took on about $400k of debt in 12 months
“Being very transparent we're probably about 400,000 dollars of debt in the last 12 months, which we're servicing.”
Mike Morgan Nov 16, 2019 ▶ 5:45 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019 positive
Assertion Not checkable as stated
ChannelGrabber's fully loaded CAC is under $300 per customer
“Yeah, so if I include headcount and marketing investments across the board, we're under 300 bucks. For customer.”
Mike Morgan Nov 16, 2019 ▶ 13:24 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019 bullish
Prediction Not checkable as stated
ChannelGrabber projected hitting positive cash flow in early 2020
“As I said, we made a lot of investments ahead of revenue taking a few chances over the last 12 or 18 months, but we're looking at being cash flow positive in February or March of next year.”
Mike Morgan Nov 16, 2019 ▶ 10:44 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019
Disclosure
Morgan: ChannelGrabber targets a $6M to $9M pre-money valuation
“So, you know, the market rate is, is four to six X that figure. So, you know, I guess I usually work in pounds, excuse me, but you know, we're probably looking anywhere between six and nine million us.”
Mike Morgan Nov 16, 2019 ▶ 8:23 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019 neutral
Disclosure
ChannelGrabber employs 20 people
“So we have 20 employees right now.”
Mike Morgan Nov 16, 2019 ▶ 4:22 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019
Assertion Not checkable as stated
Morgan: ChannelGrabber is tracking about $1.3M in ARR
“We're currently tracking about 1.3 million dollars in, in annual recurring revenue.”
Mike Morgan Nov 16, 2019 ▶ 8:14 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019
Assertion Not checkable as stated
Morgan: ChannelGrabber's ARPU is roughly $145 to $150 per month
“Our average monthly recurring revenue for a customer is about a 145 bucks, a 145, a 150 bucks.”
Mike Morgan Nov 16, 2019 ▶ 2:20 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019 positive
Disclosure
ChannelGrabber passes 800 customers
“So we, we've just exceeded 800 customers.”
Mike Morgan Nov 16, 2019 ▶ 4:53 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019 positive
Assertion Not checkable as stated
ChannelGrabber rebounded to 33% YoY growth after years of zero growth
“We were, well, we've grown based on our latest assets for the end of this year, we'll have grown 33% year on year. Prior, prior two or three years, we had grown zero.”
Mike Morgan Nov 16, 2019 ▶ 11:16 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019 positive
Disclosure
Morgan: ChannelGrabber's original shareholders are open to an acquisition
“I think that a sale of the company is interesting for current set of principal shareholders then in the business for, well, since the outset in the case of the founders, and we also have a an angel investor who came in, in our first and only seed round. And so…”
Mike Morgan Nov 16, 2019 ▶ 9:52 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019
Disclosure
Morgan: ChannelGrabber hired KBS to lead outreach to investors and buyers
“Well, we're working with a corporate finance partner on this raise. And that, that is simply because the management team here are lacking in bandwidth to, you know, to lead a fundraising exercise. We're obviously going to be participating and I'll be leading i…”
Mike Morgan Nov 16, 2019 ▶ 8:51 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
Nov 16, 2019 neutral
Assertion Not checkable as stated
ChannelGrabber experiences 2.5% monthly logo churn and under 3% revenue churn
“Our churn has been higher than we would like it to be. It is currently running at about two and a half percent by customer numbers just under three percent by revenue.”
Mike Morgan Nov 16, 2019 ▶ 12:22 1575 Why This $1.4M ARR CEO Wants to Double CAC Even Though You Think Thats Bad
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