Idronect

13 statements across 1 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Nov 30, 2019 by Tom Verbruggen · said 23 times in 1 episodes since 2019 · across every show →

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brought up most by Nathan Latka (18), Tom Verbruggen (5)

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Everything said about Idronect, oldest first

Nov 30, 2019 neutral
Disclosure
Idronect triggers its paywall only when communicating with aviation authorities
“So whenever they start communicating through our platform to the authority, then we provide really the value. So whenever they do that, then we introduce the payment. All the rest, like charts, like aeronautical charts, weather information, a logbook, all of t…”
Tom Verbruggen Nov 30, 2019 ▶ 5:35 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019 positive
Assertion Not checkable as stated
Idronect converts an impressive 20% of freemium users to paid plans
“We are about 20% upgrade to paid.”
Tom Verbruggen Nov 30, 2019 ▶ 4:43 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019 positive
Assertion Not checkable as stated
Verbruggen: Idronect is one of few platforms using airline-grade aeronautical data
“We are one of the only companies that really use what we call aero, aeronautical data quality compliant charts, which means that drone pilots that use either neck use exactly the same information than airline pilots use.”
Tom Verbruggen Nov 30, 2019 ▶ 9:12 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019 neutral
Assertion Not checkable as stated
Idronect has saturated the Belgian drone market and must expand internationally
“In Belgium, we have reached a little bit our limit. There are so, only so many drone pilots that there, that are there in Belgium.”
Tom Verbruggen Nov 30, 2019 ▶ 10:20 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019 positive
Assertion Not checkable as stated
Verbruggen: Idronect leads Belgium market, charging 20 euros per month
“We are market leader in Belgium, and there our customers pay 20, 20 euros, so let's say 24 dollars a month.”
Tom Verbruggen Nov 30, 2019 ▶ 2:40 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019 bullish
Assertion Not checkable as stated
Idronect's platform can adapt to any local drone regulation globally
“We're going fully international now, and we are able to cost to cater for any drone regulation anywhere in the world right now.”
Tom Verbruggen Nov 30, 2019 ▶ 4:16 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019 positive
Assertion Not checkable as stated
Idronect boasts an exceptionally low annual customer churn rate of 5%
“It's five percent on yearly basis.”
Tom Verbruggen Nov 30, 2019 ▶ 11:25 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019 positive
Assertion Not checkable as stated
Idronect's recurring revenue currently covers all fixed operating costs
“Fixed costs at the moment can be brought, can we, can be covered by our revenue.”
Tom Verbruggen Nov 30, 2019 ▶ 9:07 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019
Assertion Not checkable as stated
Idronect acquires new paid subscribers with a CAC of exactly 38 euros
“We are at the moment at 38 euros.”
Tom Verbruggen Nov 30, 2019 ▶ 12:47 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019 neutral
Assertion Not checkable as stated
Verbruggen: Idronect has 1,500 users, all based in Belgium
“Well, at the moment, we are at 1500 users. They are all in, in Belgium.”
Tom Verbruggen Nov 30, 2019 ▶ 4:27 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019
Disclosure
Verbruggen: Idronect targets serious recreational and early professional drone pilots
“The typical customer for us is somebody who is Serious recreational to beginning professional who wants to get rid of the entire administration.”
Tom Verbruggen Nov 30, 2019 ▶ 2:22 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019
Assertion Not checkable as stated
Verbruggen: Idronect had about 100 paying customers one year ago
“Well, a year ago, let's say that we were about at a hundred paying customers.”
Tom Verbruggen Nov 30, 2019 ▶ 6:20 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
Nov 30, 2019
Assertion Not checkable as stated
Idronect generates roughly $7,000 in monthly recurring revenue
“Yeah, something like that, yeah.”
Tom Verbruggen Nov 30, 2019 ▶ 6:14 1589 How This Pilot Using Freemium To Get First 300 Drone Software Customers
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