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IdealSpot

11 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement May 31, 2018 by Mark Smookler · said 10 times in 1 episodes since 2018 · across every show →

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brought up most by Nathan Latka (10)

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2018 10 mentions in 1 episode

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Everything said about IdealSpot, oldest first

May 31, 2018 bullish
Disclosure
IdealSpot aims to act as 'Google alerts' for commercial retail locations
“Things are always changing in the retail market and giving them the ability to be more reactive to what's happening is what we are hoping to do more and more of, right? So call it Google alerts for your retail location.”
Mark Smookler May 31, 2018 ▶ 13:16 1041 From Sake to $1m ARR SaaS
May 31, 2018 neutral
Assertion Not checkable as stated
Smookler reveals IdealSpot struggles with roughly 20% monthly customer churn
“I would say it's probably around 20%.”
Mark Smookler May 31, 2018 ▶ 17:10 1041 From Sake to $1m ARR SaaS
May 31, 2018 neutral
Disclosure
IdealSpot has raised $2.5 million in seed capital to date
“No, we've raised, so we've raised to date two and a half million in seed capital.”
Mark Smookler May 31, 2018 ▶ 21:10 1041 From Sake to $1m ARR SaaS
May 31, 2018 neutral
Assertion Not checkable as stated
IdealSpot acquires user signups for a CAC of $15 to $18
“We're about anywhere between 15 to 18 dollars customer acquisition cost from a signup in terms of sale.”
Mark Smookler May 31, 2018 ▶ 20:37 1041 From Sake to $1m ARR SaaS
May 31, 2018 neutral
Assertion Not checkable as stated
IdealSpot's average revenue per client is $500 to $1,000 monthly
“What I would say is our average take right now per client is anywhere from 500 to a thousand dollars per month, and it really depends on what they want, right?”
Mark Smookler May 31, 2018 ▶ 8:38 1041 From Sake to $1m ARR SaaS
May 31, 2018 bullish
Prediction Not checkable as stated
Smookler predicts IdealSpot will reach $1 million ARR by late 2018
“Let's just, you know, conservatively speaking, let's just say we'll get there in the next six months.”
Mark Smookler May 31, 2018 ▶ 15:35 1041 From Sake to $1m ARR SaaS
May 31, 2018
Insight
Seed-stage startups should avoid restrictive feature gating to find product-market fit
“I don't think each stage companies can really get that discerning when it comes to their features. I think it's just right now a prove it point or trying to find product market fit.”
Mark Smookler May 31, 2018 ▶ 9:37 1041 From Sake to $1m ARR SaaS
May 31, 2018 neutral
Disclosure
IdealSpot dropped its entry-level report pricing from $300 to $100
“We're running that pricing, that a hundred dollar price point right now. I mean, it used to be 300 dollars.”
Mark Smookler May 31, 2018 ▶ 18:46 1041 From Sake to $1m ARR SaaS
May 31, 2018 positive
Assertion Not checkable as stated
IdealSpot surpasses $50,000 in monthly recurring revenue
“Yeah, we're doing higher than that. So we're on our way to the one millionaire.”
Mark Smookler May 31, 2018 ▶ 15:15 1041 From Sake to $1m ARR SaaS
May 31, 2018 positive
Assertion Not checkable as stated
IdealSpot reaches 10,000 registered users, adding over 1,000 users per month
“So we have over 10,000 registered users on our platform, and they have plotted over 500,000 locations already on our platform, and we're adding about Another thousand plus per month.”
Mark Smookler May 31, 2018 ▶ 14:12 1041 From Sake to $1m ARR SaaS
May 31, 2018 neutral
Disclosure
IdealSpot spends $15,000 monthly on marketing across Google, Bing, and Twitter
“We are spending about 15 grand total a month all in. And that's spread between right now remarketing Google, Bing and a little bit of Twitter.”
Mark Smookler May 31, 2018 ▶ 20:06 1041 From Sake to $1m ARR SaaS
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