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Contest Factory

9 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Jul 2, 2018 by Dr. Iman Furutan · said 14 times in 1 episodes since 2018 · across every show →

Mentions by year

brought up most by Nathan Latka (7), Dr. Iman Furutan (7)

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2018 14 mentions in 1 episode

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Everything said about Contest Factory, oldest first

Jul 2, 2018 bullish
Prediction Not checkable as stated
Furutan: Contest Factory will do over $2M in revenue in 2018
“We're looking to do over two million, we believe in, in 2018.”
Dr. Iman Furutan Jul 2, 2018 ▶ 12:48 1073 Are 5 Companies at Once Too Many?
Jul 2, 2018
Disclosure
Furutan: Contest Factory SaaS averages $49 to $50 monthly
“Average will be about probably 50 bucks or 49 bucks but our top tier right now is 900 dollars, which actually comes with all the official rules, legally compliant rules, which is a piece that most people miss.”
Dr. Iman Furutan Jul 2, 2018 ▶ 5:23 1073 Are 5 Companies at Once Too Many?
Jul 2, 2018 bullish
Disclosure
Furutan: Contest Factory revenue grew about 50% over the past year
“Oh, but about 50%.”
Dr. Iman Furutan Jul 2, 2018 ▶ 12:32 1073 Are 5 Companies at Once Too Many?
Jul 2, 2018
Disclosure
Furutan: Contest Factory custom campaigns average $20,000 in price
“The, it starts as a minimum of about eight grand, and it goes all the way to, you know, to 60 or 70. The average would probably be about 20 grand.”
Dr. Iman Furutan Jul 2, 2018 ▶ 7:54 1073 Are 5 Companies at Once Too Many?
Jul 2, 2018
Disclosure
Furutan: Contest Factory is entirely bootstrapped and has never raised capital
“It's all bootstrap. I've had the company for many years and never raised any money, even though now I'm being approached by all kinds of investors.”
Dr. Iman Furutan Jul 2, 2018 ▶ 6:24 1073 Are 5 Companies at Once Too Many?
Jul 2, 2018 neutral
Disclosure
Furutan: Contest Factory revenue is 70% custom campaigns and 30% SaaS
“As of right now, I would say probably about 70% was custom, 30% SaaS, because we really haven't put a big push behind the SaaS.”
Dr. Iman Furutan Jul 2, 2018 ▶ 4:50 1073 Are 5 Companies at Once Too Many?
Jul 2, 2018 neutral
Disclosure
Furutan: Other business profits absorb Contest Factory's operating losses
“And Contest Factory, since it's my baby, and that's the one I started 17 years ago, I keep at it, so and that's why I've been able to actually absorb some of the losses, because the other sides make up for it.”
Dr. Iman Furutan Jul 2, 2018 ▶ 13:38 1073 Are 5 Companies at Once Too Many?
Jul 2, 2018
Disclosure
Furutan: Contest Factory is cashflow positive on agency work, not SaaS
“On the SaaS part, no, but on the other side, yes.”
Dr. Iman Furutan Jul 2, 2018 ▶ 11:21 1073 Are 5 Companies at Once Too Many?
Jul 2, 2018
Assertion Supported
Furutan: Contest Factory owns patents for online contests and voting
“And in fact we, as you mentioned, we own the patents on online contests and voting.”
Dr. Iman Furutan Jul 2, 2018 ▶ 3:13 1073 Are 5 Companies at Once Too Many?
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