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Dave Lee

18 statements across 2 episodes · 7 bullish · 1 bearish · 1 people on the record · first statement May 5, 2020 by Dave Lee · across every show →

On the record as a speaker too: Dave Lee's record, appearances and statements → this page counts the times other people say the name.

Everything said about Dave Lee, oldest first

May 5, 2020 positive
Disclosure
Plus This is exploring a structured equity partnership to accelerate growth
“We're actually exploring something right now that would get cash in, we'd give up some equity, but think of it as a structured partnership that would then lead us to faster growth and then a larger exit for us.”
Dave Lee May 5, 2020 ▶ 10:48 1746 Infusionsoft Employee #8 Launches New Venture, Passes $175k in MRR, 2500 SMB Customers
May 5, 2020 negative
Assertion Not checkable as stated
Dave Lee says VCs ignore 40% profit margins to focus on growth
“I do stay in touch with PE firms and VCs and investment bankers And they, you know, they could care less if we're 40% profitable. They really only care about the growth rate right now.”
Dave Lee May 5, 2020 ▶ 11:36 1746 Infusionsoft Employee #8 Launches New Venture, Passes $175k in MRR, 2500 SMB Customers
May 5, 2020
Assertion Not checkable as stated
Plus This reduced monthly revenue churn from 9% to under 5%
“When we started out, we were like at eight, nine percent and then spent a couple of years really driving hard. And it's bottomed out pretty well, right around 4.5 to 4.9%.”
Dave Lee May 5, 2020 ▶ 5:59 1746 Infusionsoft Employee #8 Launches New Venture, Passes $175k in MRR, 2500 SMB Customers
May 5, 2020 neutral
Insight
Dave Lee says SMB buyers anchor add-on prices to base software costs
“They look at, hey, I'm paying 70 bucks for this platform. I should only have to pay 19 or 29 for a series of add-ons, regardless of how valuable they might be.”
Dave Lee May 5, 2020 ▶ 13:18 1746 Infusionsoft Employee #8 Launches New Venture, Passes $175k in MRR, 2500 SMB Customers
May 5, 2020
Assertion Not checkable as stated
Plus This serves 2,500 customers and processes 25 million monthly transactions
“We've got over 2500 customers, and we process over twenty five million transactions a month.”
Dave Lee May 5, 2020 ▶ 3:07 1746 Infusionsoft Employee #8 Launches New Venture, Passes $175k in MRR, 2500 SMB Customers
May 5, 2020 positive
Assertion Not checkable as stated
Dave Lee: Plus This has been profitable since day one
“We've been profitable since day one.”
Dave Lee May 5, 2020 ▶ 8:37 1746 Infusionsoft Employee #8 Launches New Venture, Passes $175k in MRR, 2500 SMB Customers
Sep 30, 2020 positive
Assertion Not checkable as stated
PlusThis Achieved an All-Time Low Monthly Churn Rate of 2.9%
“Our churn now is down to 2.9%, which is, we've never seen it that low.”
Dave Lee Sep 30, 2020 ▶ 8:09 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020 positive
Assertion Not checkable as stated
Switching to Usage-Based Pricing in 2019 Accelerated PlusThis MRR Growth
“However, during 2019, we did change our model a little bit. Where it is a blend between I guess you could call them levels, but also usage. We went to a more heavily usage-based model, and that has really helped drive MRR as well.”
Dave Lee Sep 30, 2020 ▶ 4:07 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020 neutral
Assertion Not checkable as stated
PlusThis Reached $2.1M in Revenue With a Team of Just Eight
“Eight. We're still at eight.”
Dave Lee Sep 30, 2020 ▶ 13:02 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020 positive
Assertion Not checkable as stated
At Least 20% of PlusThis Monthly MRR Growth Comes From Expansion Revenue
“Of the monthly MRR growth, I would say 20% of it is at least 20% is expansion revenue.”
Dave Lee Sep 30, 2020 ▶ 6:59 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020
Assertion Not checkable as stated
PlusThis Generated $2.1M in 2019 Revenue With Almost 50% Profit Margin
“2019 was a stellar year for us. We broke two million in revenue. So we did 2.1 in revenue. Almost half of which was profit”
Dave Lee Sep 30, 2020 ▶ 1:54 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020
Disclosure
PlusThis Maintains a Fully Weighted Customer Acquisition Cost of Around $250
“About 260 bucks. I'm sorry, no, no, no, that's not right. It's probably, no, that's about right. It's about two 52 52 51.”
Dave Lee Sep 30, 2020 ▶ 10:37 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020 neutral
Disclosure
Dave Lee Plans to Keep PlusThis Bootstrapped Despite Exploring Other Ventures
“There are other ventures that, that we're doing and in the process of launching that, that could be a capital raise scenario, but plus this is not that.”
Dave Lee Sep 30, 2020 ▶ 12:01 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020 positive
Assertion Not checkable as stated
PlusThis Reduced Monthly Customer Churn From 9.8% to 4.5% Over Years
“When we started the company churn used to be monthly churn used to be about 9.8%. And we worked for years to get that down and we got it down to about four and a half percent monthly churn.”
Dave Lee Sep 30, 2020 ▶ 7:34 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020
Assertion Not checkable as stated
PlusThis Reached $197,400 in Monthly Recurring Revenue
“MRR last month was one 97.4.”
Dave Lee Sep 30, 2020 ▶ 2:27 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020 positive
Disclosure
Dave Lee Uses PlusThis Profits for Personal Investments and Software Incubation
“Yeah, I look at it as an asset that needs to be diversified, and it goes across a number of different things. Personal investments, real estate the market, EFTs I do a lot of charity stuff, so I give away a significant chunk of it. We do fund things for the em…”
Dave Lee Sep 30, 2020 ▶ 13:45 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020
Assertion Not checkable as stated
PlusThis Serves Nearly 3,000 Paying Customers With Over 60 Marketing Tools
“We've got almost 3000 paying customers, and we've got over 60 tools in the toolkit.”
Dave Lee Sep 30, 2020 ▶ 3:22 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
Sep 30, 2020
Assertion Not checkable as stated
PlusThis Processes About 50 Million Campaign Transactions Monthly For Its Customers
“So we do on average, we do about fifty million campaign transactions a month for our clients, for our customers.”
Dave Lee Sep 30, 2020 ▶ 4:27 PlusThis Does $85k in Profit Every Month Selling Marketing Tools to 3,000 SMB's
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