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Eric Beans

10 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Sep 8, 2017 by Eric Beans · said 1 times in 1 episodes since 2017 · across every show →

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

Mentions by year

brought up most by Nathan Latka (1)

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2017 1 mention in 1 episode

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Everything said about Eric Beans, oldest first

Sep 8, 2017 neutral
Disclosure
Beans: TextingBase operates with a five-person team
“We have a, an engineer up in Maryland who does back-end work in programming. We have a programmer down in Orlando user interface professional in Orlando an attorney that I'm married to and myself.”
Eric Beans Sep 8, 2017 ▶ 9:46 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 neutral
Disclosure
Beans targets 50.1% control while allocating 20.5% of equity for fundraising
“You know, I've kind of set my minimum at 50.1. I know it's fairly useless because you have voting shares and you can keep control that way. So, so I'm aware, but that's sort of my target. I have about 20.5% of the company available for a capital raise right no…”
Eric Beans Sep 8, 2017 ▶ 13:34 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 neutral
Assertion Not checkable as stated
Beans: TextingBase monthly churn was roughly 8% a year ago
“Rewind a year and it was much higher. I think it was closer to eight, eight percent for a month a year ago.”
Eric Beans Sep 8, 2017 ▶ 11:54 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 positive
Assertion Not checkable as stated
Beans: TextingBase is approaching 500 customers
“We're approaching 500.”
Eric Beans Sep 8, 2017 ▶ 3:55 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 positive
Assertion Not checkable as stated
Beans: TextingBase reduced CAC from $28.47 to $18 via proprietary data
“It's gone from about 28 dollars and 47 cents down to 18 dollars in that range. And mostly because we started compiling our own data, you know, it was a real push of mine to get our own data so we didn't have to, you know, pay a penny of an email.”
Eric Beans Sep 8, 2017 ▶ 11:25 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 positive
Assertion Not checkable as stated
Beans: TextingBase monthly customer churn is approximately 2.87%
“Our current turn is about 2.87%, but you know.”
Eric Beans Sep 8, 2017 ▶ 11:47 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 neutral
Assertion Not checkable as stated
Beans: TextingBase took 3.5 years to build due to client work
“It took about three and a half years. And part of that's because my team, we had to take on additional projects just to be able to fund them and pay their salary.”
Eric Beans Sep 8, 2017 ▶ 9:36 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 positive
Assertion Not checkable as stated
Beans: TextingBase generates $20K to $25K in MRR
“It's in that area. That's a very solid Virginia tech math.”
Eric Beans Sep 8, 2017 ▶ 4:12 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 neutral
Assertion Not checkable as stated
Beans: TextingBase mean customer spend is $50 per month
“Our mean is 50. Yeah. Most people go with the min plan and build up from there when they need it.”
Eric Beans Sep 8, 2017 ▶ 3:47 776: TextingBase Shares Margins, Cap Table, Valuation, More
Sep 8, 2017 neutral
Disclosure
Eric Beans: TextingBase has raised $262,000 in outside capital
“262,000 dollars.”
Eric Beans Sep 8, 2017 ▶ 4:33 776: TextingBase Shares Margins, Cap Table, Valuation, More
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