Michael Chasen

5 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Feb 22, 2019 by Michael Chasen · across every show →

On the record as a speaker too: Michael Chasen's record, appearances and statements → this page counts the times other people say the name.

Everything said about Michael Chasen, oldest first

Feb 22, 2019 neutral
Assertion Not checkable as stated
Lexicata calculates customer lifetime value between $5,000 and $10,000
“Our LTV right now is somewhere like North of five K somewhere five to 10, obviously that'll change over time. And then in terms of months, like it's going to be somewhere probably between I think it's something we need like 16 to 20 months, something in that r…”
Michael Chasen Feb 22, 2019 ▶ 10:35 1308 Salesforce for Lawyers Passes $3m in ARR, Basically Bootstrapped
Feb 22, 2019 neutral
Disclosure
Lawkick pivoted to Lexicata after nearly exhausting its initial seed funding
“So when we first started the company that was Lawkick, we raised a few 100,000 dollars, And we basically were close to out of money and that's what kind of like forced the pivot. And since then we've been completely bootstrapped off the status.”
Michael Chasen Feb 22, 2019 ▶ 4:24 1308 Salesforce for Lawyers Passes $3m in ARR, Basically Bootstrapped
Feb 22, 2019 positive
Assertion Not checkable as stated
Lexicata reduced monthly logo churn to the mid-1 percent range
“Historically it's been about two, two and a half percent per month. And right now we're dropping sub two now. So we're like the mid one.”
Michael Chasen Feb 22, 2019 ▶ 8:17 1308 Salesforce for Lawyers Passes $3m in ARR, Basically Bootstrapped
Feb 22, 2019 positive
Assertion Not checkable as stated
Lexicata serves approximately 3,000 law firm customers
“Like in the, like the low thousand, like 3000.”
Michael Chasen Feb 22, 2019 ▶ 5:24 1308 Salesforce for Lawyers Passes $3m in ARR, Basically Bootstrapped
Feb 22, 2019 neutral
Assertion Not checkable as stated
Lexicata's average customer pays approximately $100 per month
“Average customer is about a hundred bucks a month.”
Michael Chasen Feb 22, 2019 ▶ 3:24 1308 Salesforce for Lawyers Passes $3m in ARR, Basically Bootstrapped
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