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Cover Me

10 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Aug 17, 2021 by Greg Phillips · said 16 times in 1 episodes since 2021 · across every show →

Mentions by year

brought up most by Greg Phillips (9), Nathan Latka (7)

tap a year for its mentions
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2021 16 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Cover Me, oldest first

Aug 17, 2021 negative
Assertion Not checkable as stated
Phillips: Cover Me's monthly revenue dipped to about $100K during COVID
“Oh, we struggled a little bit last year. We dipped all the way down when we were dragging around about a hundred a month.”
Greg Phillips Aug 17, 2021 ▶ 9:15 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021
Disclosure
Phillips: Cover Me founders invested about $800,000 of personal capital
“We put in about 800,000 total.”
Greg Phillips Aug 17, 2021 ▶ 5:24 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021 bullish
Assertion Not checkable as stated
Phillips: Cover Me added three customers and $270K in ARR last month
“We just added three new customers. So we added two point, or excuse me, 270,000 in revenue last month.”
Greg Phillips Aug 17, 2021 ▶ 8:45 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021
Disclosure
Phillips: Cover Me founder owns majority equity with two co-founders
“No, I own a little bit more than a majority, and my two co-founders own the rest.”
Greg Phillips Aug 17, 2021 ▶ 6:12 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021 neutral
Opinion
Phillips: Cover Me prices its products 50% beneath market rates
“We think we're about 50% beneath the market on both of them.”
Greg Phillips Aug 17, 2021 ▶ 14:37 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021 neutral
Opinion
Phillips targets roughly $12M valuation for Cover Me
“Well we, we're sitting down to talk about this here in about a month or so, but, you know, I think we're probably realistically looking at maybe, maybe one point maybe twelve million.”
Greg Phillips Aug 17, 2021 ▶ 12:39 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021 bullish
Prediction Not checkable as stated
Phillips: Cover Me will reach about $1.6 million in revenue in 2021
“This year we will finish the year at about one six.”
Greg Phillips Aug 17, 2021 ▶ 7:11 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021 neutral
Assertion Not checkable as stated
Phillips: Cover Me has 36 total customers
“36 total.”
Greg Phillips Aug 17, 2021 ▶ 13:22 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021
Disclosure
Cover Me Pays Sales Reps $100K Base Plus 10% Commission
“We pay them a 100,000 as a base, and then 10% on their first year, on the first year of the revenue, and then there's some residuals.”
Greg Phillips Aug 17, 2021 ▶ 8:30 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Aug 17, 2021 neutral
Opinion
Phillips: Cover Me needs $4M to $5M to scale properly
“You know, to scale this thing and do it right, I think we need four or five million.”
Greg Phillips Aug 17, 2021 ▶ 12:28 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
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