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GenieBelt

11 statements across 1 episodes · 4 bullish · 1 bearish · 2 people on the record · first statement Dec 18, 2017 by Ulrich Branner · said 32 times in 1 episodes since 2017 · across every show →

Mentions by year

brought up most by Nathan Latka (26), Ulrich Branner (6)

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2017 32 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about GenieBelt, oldest first

Dec 18, 2017 negative
Assertion Supported
Construction operates at 30% efficiency primarily due to poor communication
“The construction industry has an efficiency rate of 30%. 30% of the time you'll be working. 70% of the time you won't be working. The prime reason for this is bad communication and collaboration.”
Ulrich Branner Dec 18, 2017 ▶ 14:20 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017 neutral
Assertion Not checkable as stated
Latka: LiquidPlanner generates $7.3M in ARR
“There's companies like Liquid Planner that's doing, you know, 7.3 million bucks in ARR, That's competing aggressively in this space going after it founded back in 2007.”
Nathan Latka Dec 18, 2017 ▶ 13:04 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017
Assertion Not checkable as stated
Branner: GenieBelt sees customer acquisition payback in 7 to 8 months
“So we have a return of investment between seven and eight months.”
Ulrich Branner Dec 18, 2017 ▶ 18:38 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017
Assertion Supported
Branner: GenieBelt has raised just under €4 million
“And just under four million euros.”
Ulrich Branner Dec 18, 2017 ▶ 17:46 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017 positive
Assertion Not checkable as stated
Branner: GenieBelt high-tier logo retention is 100%
“The local retention in, in the high end of this series is actually a hundred percent right now.”
Ulrich Branner Dec 18, 2017 ▶ 7:38 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017 positive
Assertion Not checkable as stated
Branner: GenieBelt has close to 200 paying companies
“Yeah, there's a hundred and, in, in, in the end of the, close to 200 paying companies.”
Ulrich Branner Dec 18, 2017 ▶ 9:14 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017
Disclosure
Branner: GenieBelt originally targeted €70K to €72K MRR for 2017
“We were expecting to hit just around, I think 70, 72,000”
Ulrich Branner Dec 18, 2017 ▶ 21:22 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017 positive
Assertion Not checkable as stated
GenieBelt achieves 149% net revenue retention
“It's a negative with it's a 149% in, in, in negative churn.”
Ulrich Branner Dec 18, 2017 ▶ 4:53 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017 positive
Disclosure
GenieBelt co-founders split equity evenly in a 'band of brothers' approach
“Well, we have, I think we have something that is unique that we call the band of brothers which means that we're all in it for the same end game, which means that, that, that we split evenly, right?”
Ulrich Branner Dec 18, 2017 ▶ 10:45 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017
Assertion Not checkable as stated
Branner: GenieBelt was at approximately €10K MRR in December 2016
“So December 16, we were at 10, I think.”
Ulrich Branner Dec 18, 2017 ▶ 22:18 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Dec 18, 2017
Assertion Not checkable as stated
GenieBelt averages •500 monthly per customer on 26-month contracts
“Just around 500 euros is the average globally per month, and that's on a, an average 26 month deal.”
Ulrich Branner Dec 18, 2017 ▶ 3:46 877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
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