InsurMe

7 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Apr 27, 2020 by Sonny Patel · said 11 times in 1 episodes since 2020 · across every show →

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2020 11 mentions in 1 episode

1738 How He Got First Enterprise Customers to Pay $120k ACV's Apr 27, 2020 · 11 mentions · from 1:07
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Everything said about InsurMe, oldest first

Apr 27, 2020 positive

Disclosure

Patel: InsurMe avoids virtual sales meetings, traveling in-person for all deals

“So we don't do any go to meetings or anything like that at our company. We travel out to the company meet with their teams. So it's a lot of travel entertainment expenses, to be honest with you.”

Sonny Patel Apr 27, 2020 ▶ 7:18 1738 How He Got First Enterprise Customers to Pay $120k ACV's

Apr 27, 2020 positive

Assertion Not checkable as stated

InsurMe has three active carrier customers, including one Fortune 100 insurer

“So right now we have three active customers two regional carriers, one Fortune, 100 insurer and then we're bringing on an additional four in Q-one and Q-two of this year.”

Sonny Patel Apr 27, 2020 ▶ 3:15 1738 How He Got First Enterprise Customers to Pay $120k ACV's

Apr 27, 2020 positive

Disclosure

Patel: InsurMe spends $15k CAC to land a $10k MRR enterprise client

“Fully weighted is 15,000.”

Sonny Patel Apr 27, 2020 ▶ 7:11 1738 How He Got First Enterprise Customers to Pay $120k ACV's

Apr 27, 2020

Assertion Not checkable as stated

Patel: InsurMe counts Principal Financial and Farm Bureau as customers

“So we have currently, we have principal financial group Farm Bureau financial group, and then we're starting just in a couple of weeks with American enterprise.”

Sonny Patel Apr 27, 2020 ▶ 9:47 1738 How He Got First Enterprise Customers to Pay $120k ACV's

Apr 27, 2020 positive

Assertion Not checkable as stated

InsurMe reached $30,000 in monthly revenue, projecting $45,000 next month

“Yeah, we're at, well, this month was 30 and then next month it's going up to 45.”

Sonny Patel Apr 27, 2020 ▶ 3:29 1738 How He Got First Enterprise Customers to Pay $120k ACV's

Apr 27, 2020 neutral

Disclosure

Patel: InsurMe has raised $95,000 in outside capital

“We raised 95,000.”

Sonny Patel Apr 27, 2020 ▶ 4:37 1738 How He Got First Enterprise Customers to Pay $120k ACV's

Apr 27, 2020

Disclosure

Patel: InsurMe is raising its seed round on an $8M cap

“It's a eight million dollar cap.”

Sonny Patel Apr 27, 2020 ▶ 10:59 1738 How He Got First Enterprise Customers to Pay $120k ACV's

InsurMe

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