Mavenlink

6 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Nov 16, 2016 by Ray Grainger · said 28 times in 4 episodes since 2016 · across every show →

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brought up most by Nathan Latka (27), Ray Grainger (1)

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Everything said about Mavenlink, oldest first

Nov 16, 2016 positive
Assertion Not checkable as stated
Mavenlink cohort net dollar retention expands in a 'smile curve'
“If you look at our Net return, net dollar retention over the course of the lifetime of cohorts. It looks more like a smile curve. You can go down and you get some churn, but the people that stay with you grow and grow substantially. And so those cohorts over t…”
Ray Grainger Nov 16, 2016 ▶ 14:06 EP 479: $45M Raised, 5000+ Project Management Customers with Mavenlink CEO Ray Grainger
Nov 16, 2016
Disclosure
Mavenlink spent nearly $1M in self-funding before monetizing
“Probably by the time we got to beginning monetizing the business, we'd probably spent nearly a million dollars.”
Ray Grainger Nov 16, 2016 ▶ 7:40 EP 479: $45M Raised, 5000+ Project Management Customers with Mavenlink CEO Ray Grainger
Nov 16, 2016 bullish
Assertion Partly supported
Mavenlink was the #1 Google Apps Marketplace app for four years
“Ended up becoming the number one installed app across every category in the world for four years through the Google Apps Marketplace, which drove tens of thousands of visits to Mavenlink at zero acquisition cost.”
Ray Grainger Nov 16, 2016 ▶ 9:45 EP 479: $45M Raised, 5000+ Project Management Customers with Mavenlink CEO Ray Grainger
Nov 16, 2016 positive
Disclosure
Grainger: Mavenlink acquires dozens of businesses monthly at near-zero CAC
“We acquire a great number of customers for free. And when I say largely, I mean, these are, you know, dozens and dozens and dozens of new businesses every single month at zero acquisition costs for all intents and purposes, other than the cost of producing con…”
Ray Grainger Nov 16, 2016 ▶ 12:40 EP 479: $45M Raised, 5000+ Project Management Customers with Mavenlink CEO Ray Grainger
Nov 16, 2016
Disclosure
Grainger funded Mavenlink for three years by selling his Accenture stock
“Just before we started the company, I had sold a lot of my, not a lot, but enough of my Accenture stock. I was a, I had founder's stock at the time. Oh, great. Did well there. And sold some stock that funded our company for three years.”
Ray Grainger Nov 16, 2016 ▶ 7:01 EP 479: $45M Raised, 5000+ Project Management Customers with Mavenlink CEO Ray Grainger
Nov 16, 2016
Assertion Not checkable as stated
Mavenlink counts over 1,500 customers on its Premier tier
“We would have well over 1500 businesses or customers that are using our premier offering.”
Ray Grainger Nov 16, 2016 ▶ 8:29 EP 479: $45M Raised, 5000+ Project Management Customers with Mavenlink CEO Ray Grainger
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