Miva

“After cost of goods, it was about half a million bucks a year at the time, even though it had a huge number of customers.”

“Our average customer pays us about 300 dollars per month and our average enterprise customers paying us around two grand a month.”

“We took our first round of professional money in April of this year. We raised eighteen million dollars from a private equity firm.”

“So we have about 6000 active customers across the board, but our focus really is our enterprise customers. And so we have 400 of those”

“So you got about a thousand dollars a year in total income on those guys, and then they last about six years.”

“Our average enterprise customer lasts more than a decade.”

“Because we've been profitable this whole time for the last 10 years, we, we're not seeing 50, 8000% or more growth.”

“Our most famous customer, even though she's not our largest customer is Taylor Swift. So so Taylor uses us for her merchandising store.”

“If you're selling auto parts, And when you're all said and done with child SKUs, you have 750,000 child SKUs and you need to connect it to an ERP system and you need it to ship to your multiple warehouses. You're not getting there with Shopify.”

“Our annual churn for enterprise customers is sub two percent and our SMB churn is in the, 18% a year range.”

“So we bought it for all in about a million and a half bucks. That included the turnaround capital. And actually that's what we raised and bought. I mean, so we paid them less, but that's what it took to do.”