Missive

21 statements across 2 episodes · 7 bullish · 0 bearish · 2 people on the record · first statement May 4, 2021 by Phil Liu · said 47 times in 3 episodes since 2021 · across every show →

Mentions by year

brought up most by Nathan Latka (32), Raphael Mason (11), Phil Liu (3)

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Everything said about Missive, oldest first

May 4, 2021
Assertion Not checkable as stated
Missive rejected an all-equity acquisition offer from a $30M company
“It was equity and an equity. I don't know if it means much, but it was thirty millions in, in valuation from that business, but you had to believe that the equity.”
Phil Liu May 4, 2021 ▶ 19:27 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021
Disclosure
Phil Liu lived on a teen project's ramen profitability for 10 years
“At the co-working space, I was actually making money from, like, a really from a game portal I created when I was a teen, a French game portal I created when I was a teen, and, you know, just, like, ramen money, ramen profitable money, like, a few Ks a year, j…”
Phil Liu May 4, 2021 ▶ 2:53 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021
Assertion Not checkable as stated
Missive has reached approximately 2,000 business customers
“I think we're around like 2000 businesses using this.”
Phil Liu May 4, 2021 ▶ 9:53 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021
Insight
Universal product churn is healthy if non-target users are the ones leaving
“When you're a company like us, the product is email. Everyone can use email. So there's a lot of people trying the product. And some of those will churn, and that's a good thing, right? Because we cannot be a solution for everyone. So if I only look at churn, …”
Phil Liu May 4, 2021 ▶ 15:36 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021 positive
Disclosure
Word of mouth sustains Missive's growth with just a four-person team
“The rest is just like it's such a big space that even if it's just word of mouth and we're just a small team that it's really working out actually, because with the word of mouth, it's sustained our growth and we're just four guys and it makes good sense.”
Phil Liu May 4, 2021 ▶ 14:16 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021 neutral
Disclosure
Missive generated only about $3,000 in revenue during its first year
“First year of missive was like, ah, I don't know, not a lot of money. Like, I think like three K for the whole year.”
Phil Liu May 4, 2021 ▶ 8:45 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021
Assertion Not checkable as stated
Missive rejected three acquisition approaches by tech unicorns
“We had we were approached three times. And buy big let's say unicorns and more.”
Phil Liu May 4, 2021 ▶ 18:46 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021 positive
Disclosure
Phil Liu: Missive ignores data and builds based on customer feeling
“We don't look at data. Actually, that's the simple strangest answer. I can like honest answer. It's like, we don't really look at data. It's just the feeling of our customer.”
Phil Liu May 4, 2021 ▶ 15:26 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021 bullish
Assertion Not checkable as stated
Missive crossed $1M ARR in early 2021 with just four employees
“So I'd say right now, so we crossed like the one million air are like two months ago.”
Phil Liu May 4, 2021 ▶ 10:57 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021
Disclosure
Phil Liu doubts Missive would accept a $10M all-cash acquisition offer
“I don't think so.”
Phil Liu May 4, 2021 ▶ 19:47 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
May 4, 2021
Assertion Not checkable as stated
Missive spends roughly $20,000 monthly on non-salary expenses, primarily servers
“Well, I break it down because salary, let's say everything else except salary, I would say like, 20 K's, mostly servers.”
Phil Liu May 4, 2021 ▶ 17:25 How To Bootstrap to $1m with VC Funded Competitors With Just 4 People
Jul 30, 2022 positive
Assertion Not checkable as stated
Mason: Heroku enabled Missive to scale with a 3-person team
“It's Heroku, our platform as a service, how we, where we host Missive and all the smaller apps that needed to run Missive behind the scenes. It's just, it's one of the things that allowed us to be only three and managed to grow our tech stack.”
Raphael Mason Jul 30, 2022 ▶ 18:54 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022
Assertion Not checkable as stated
Mason: Average Missive business customer pays $100 monthly
“A hundred bucks.”
Raphael Mason Jul 30, 2022 ▶ 9:13 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022
Disclosure
Mason: ConferenceBadge.com funded the development of Missive
“Phil had started building my co-founder CEO at Missive. He started building conference badge All by himself back in 2013, and we joined him, and since he started the product, he had more equity, and it's while running and building Conference Badge that we foun…”
Raphael Mason Jul 30, 2022 ▶ 5:19 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022 neutral
Disclosure
Missive Reached $2M ARR with Only Three Founding Engineers Doing Support
“We actually hired our first employee, like not even a month ago. So everything I'm telling you today is we build it at, we were a tree and then just the three founders. We are all engineers. We are definitely not salespeople. We are engineers and we all do cus…”
Raphael Mason Jul 30, 2022 ▶ 12:45 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022 neutral
Disclosure
Mason: Missive has not received an acquisition offer above $30 million
“No, not higher than that.”
Raphael Mason Jul 30, 2022 ▶ 16:36 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022
Disclosure
Mason: Missive remains entirely bootstrapped
“We are still. Yes.”
Raphael Mason Jul 30, 2022 ▶ 2:06 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022 positive
Assertion Not checkable as stated
Mason: Missive's largest customer pays around $50,000 annually
“Oh, it's something like let me just make it times 12, 50 150,000.”
Raphael Mason Jul 30, 2022 ▶ 11:00 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022 positive
Assertion Not checkable as stated
Missive and Front Tested Each Other's Shared Inbox Products
“Yes, we are definitely similar. Front is probably the one we are the closest to. And we had some discussions with Front. They tried our product. We tried theirs and there was some inspiration from both sides and we have a good relationship with them, but yeah …”
Raphael Mason Jul 30, 2022 ▶ 1:23 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022
Assertion Not checkable as stated
Missive reaches close to 2,000 paid customers
“Because we are at close to 2000 paid customers right now.”
Raphael Mason Jul 30, 2022 ▶ 6:40 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Jul 30, 2022 positive
Insight
Mason: Missive's comparison pages explicitly state product shortcomings to deter poor-fit users
“It's a honest take. When there are some shortcomings in Missive compared to the other product, we do state it clearly, and we don't want to bring users in who won't like Missive and would actually rather use Spark or, like, a more personal-oriented email app.”
Raphael Mason Jul 30, 2022 ▶ 15:24 I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
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