Close.io

13 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Oct 30, 2016 by Steli Efti · across every show →

Everything said about Close.io, oldest first

Oct 30, 2016 positive
Disclosure
Close.io gifts 'The PayPal Wars' to every new employee upon hiring
“It's a book we give to every new employee we hire.”
Steli Efti Oct 30, 2016 ▶ 23:58 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016
Insight
Efti: Channel testing requires pre-planning for ambiguous results
“And I think one of the most important things that, that I teach people and the thing that we've learned to do is to plan for all three scenarios and say, okay, what does success look like and failure, but what is the in between? And what do we do if the first …”
Steli Efti Oct 30, 2016 ▶ 18:43 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016
Insight
Selling incomplete software reveals actual customer demand and prioritizes product roadmaps
“What we did is we said we have one very unique, strong thing that the product does. If people really care, they'll buy even if it's really insufficient in many other areas. Like we sold sales software that didn't have any reporting in it. And people still boug…”
Steli Efti Oct 30, 2016 ▶ 14:03 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016 positive
Insight
Solving client problems manually gives SaaS spinouts an unfair market advantage
“Yeah, this is a very common, I think it's a common, a trend for like a pattern to get to a great valuable business idea, which is you're stumbling or identifying a problem that real customers, real people have, and then you build a solution for that because yo…”
Steli Efti Oct 30, 2016 ▶ 4:04 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016
Assertion Not checkable as stated
Close.io's average customer pays between $400 and $500 per month
“The average per month is probably, you know, in the four or 500 dollars.”
Steli Efti Oct 30, 2016 ▶ 6:03 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016
Insight
Churning a bad-fit customer is entirely a marketing and sales failure
“Well, that is a tragedy still, because why the fuck did we close them in the first place? What did we do wrong in our marketing? What do we do wrong on our sales to never indicate that this should, this is a customer that shouldn't buy our product. We did some…”
Steli Efti Oct 30, 2016 ▶ 12:29 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016
Assertion Not checkable as stated
Close.io generated hundreds of thousands of dollars in its first year
“I do remember what the first year revenue was. It was a few 100,000 in revenue.”
Steli Efti Oct 30, 2016 ▶ 2:57 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016 negative
Disclosure
Steli Efti refuses to sell Close.io for $40 million
“Not even close.”
Steli Efti Oct 30, 2016 ▶ 19:38 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016
Assertion Not checkable as stated
Efti: Close.io generates millions in revenue with under 20 employees
“It's a very small team. We're less than 20 people and we're driving many, many millions in revenue and are competing with massive organizations.”
Steli Efti Oct 30, 2016 ▶ 2:10 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016
Assertion Not checkable as stated
Efti confirms Close.io generates at least $200,000 in MRR
“That is for sure.”
Steli Efti Oct 30, 2016 ▶ 7:49 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016 bullish
Assertion Not checkable as stated
Efti: Close.io's fully weighted CAC is under $1,000
“It is less on the ground.”
Steli Efti Oct 30, 2016 ▶ 17:28 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016
Disclosure
Efti: Close.io's entry tier is $65 per user monthly
“The cheapest plan that we have, we're the, if not the most expensive CRM in the space, we're at the premium level in our pricing, so the cheapest plan we have is 65 dollars per user per month.”
Steli Efti Oct 30, 2016 ▶ 5:26 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
Oct 30, 2016 positive
Disclosure
Efti: Close.io is profitable, self-funded, and took zero venture funding
“We're running a profitable self-funded business at this point, and Close.io never got a dollar in venture funding in one way or another.”
Steli Efti Oct 30, 2016 ▶ 8:22 EP 463: Close.io More Than $200k MRR, 500 Customers, $400 ARPU with CEO Steli Efti Who Wont Sell for $40M
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