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FOMO

6 statements across 1 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement May 28, 2020 by Ryan Kulp · said 17 times in 2 episodes since 2020 · across every show →

Mentions by year

brought up most by Ryan Kulp (10), Nathan Latka (7)

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2020 17 mentions in 2 episodes 9 per episode

every mention, scene by scene, with the transcript →

Everything said about FOMO, oldest first

May 28, 2020
Disclosure
FOMO's product rebuild was financed with an $80k zero-APR credit card
“We just got a Chase credit card, 12 months, zero percent APR interest, and I think we put, like, 70 or 80 G's On that card. And then like month 10 of the of the accrual, we paid that off in full. So again, paid no interest and essentially did like a 80,000 dol…”
Ryan Kulp May 28, 2020 ▶ 8:04 How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp
May 28, 2020
Assertion Not checkable as stated
FOMO revenue stayed flat while cutting team from 12 full-time staff
“Yes, so the revenue at FOMO is, has been flat for a while, but our team was 12 people full-time at this time last year.”
Ryan Kulp May 28, 2020 ▶ 18:59 How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp
May 28, 2020 negative
Assertion Not publicly verifiable
Competitor Proof ran Facebook ads featuring FOMO's customers and product
“Some of the other things they've done are like made advertised promotional videos with our customers in it, and then put tens of thousands on Facebook ads to promoting these videos. And if you watch the video, it's talking about proof, but in the video is our …”
Ryan Kulp May 28, 2020 ▶ 23:38 How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp
May 28, 2020
Disclosure
FOMO has over 5,000 customers including lifetime accounts
“5055 hundred. Yeah, there's a few hundred that are on a lifetime deal, so I don't know if you want to count those.”
Ryan Kulp May 28, 2020 ▶ 15:54 How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp
May 28, 2020
Assertion Not checkable as stated
FOMO peaked at $154k monthly revenue and generates just under $100k MRR
“It's just below a hundred. Our best month we did one 54. That was with the lifetime deal. Our best recurring only revenue month was like one 11.”
Ryan Kulp May 28, 2020 ▶ 18:04 How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp
May 28, 2020 negative
Assertion Not publicly verifiable
Competitor Proof copied FOMO's entire terms of service word for word
“Proof, like copy pasted our entire terms of service word for word.”
Ryan Kulp May 28, 2020 ▶ 21:29 How to Acquire a $180k Revenue SaaS Company for $3k With Ryan Kulp
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