Modus

14 statements across 2 episodes · 6 bullish · 0 bearish · 2 people on the record · first statement Aug 6, 2018 by Oren Broberg · said 14 times in 2 episodes since 2018 · across every show →

Mentions by year

brought up most by Nathan Latka (12), Oren Broberg (1), Igor Stepanovich (1)

mentionsepisodesper episode tap a year for its mentions

2022 2 mentions in 1 episode

Bootstrapped to $3m, Now Raising to Grow Field Operations Management SaaS Feb 24, 2022 · 2 mentions · from 1:40
every mention in 2022, scene by scene →

2018 12 mentions in 1 episode

1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year" Aug 6, 2018 · 12 mentions · from 1:34
every mention in 2018, scene by scene →

every mention, scene by scene, with the transcript →

Everything said about Modus, oldest first

Aug 6, 2018 positive

Assertion Not checkable as stated

Broberg: Modus has under 10% annual logo churn

“Our logo churn on an annualized basis is less than 10%.”

Oren Broberg Aug 6, 2018 ▶ 11:17 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018 positive

Disclosure

Broberg: Modus plans to raise additional capital in 2018

“Well, we're going to raise more capital this year.”

Oren Broberg Aug 6, 2018 ▶ 16:51 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018 neutral

Disclosure

Modus operates with 24 total employees and 8 in sales

“We have 24 team members, including a rep in Copenhagen. We have a group of clients over there, and currently we have eight sales team members.”

Oren Broberg Aug 6, 2018 ▶ 5:59 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018

Disclosure

Broberg: Modus has roughly 180 customers across SMB and enterprise

“We have about 180 existing customers. And it probably was pretty evenly split between SMB and enterprise.”

Oren Broberg Aug 6, 2018 ▶ 7:17 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018

Assertion Not checkable as stated

Broberg: Most Modus sales leads come from trade shows

“Most of our leads come from going to trade shows and making appointments ahead of time and walking the floors.”

Oren Broberg Aug 6, 2018 ▶ 14:27 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018

Disclosure

Broberg: Modus has 80,000 registered users across 95 countries

“Internally, about 270,000 Slack messages, and about 80,000 overall registered users of our app worldwide. So we're in about 95 countries, and our app is in 25 different languages.”

Oren Broberg Aug 6, 2018 ▶ 7:42 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018 positive

Assertion Not checkable as stated

Broberg: Modus is growing over 40% YoY at break-even EBITDA

“Well, we're north of 40% growth, and we're basically break even EBITDA.”

Oren Broberg Aug 6, 2018 ▶ 10:08 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018 positive

Assertion Not checkable as stated

Broberg: Caterpillar is Modus's largest client

“Yeah, we're selling enterprise deals, like Caterpillar's our largest client.”

Oren Broberg Aug 6, 2018 ▶ 8:22 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018

Assertion Not checkable as stated

Broberg: Modus customer lifetime value exceeds $120,000

“I can say safely that our lifetime value is north of a 120 K.”

Oren Broberg Aug 6, 2018 ▶ 15:57 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018 positive

Assertion Not checkable as stated

Broberg: Modus maintains a Net Promoter Score above 75

“We, a net promoter score is pretty good, north of 75.”

Oren Broberg Aug 6, 2018 ▶ 11:03 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018 positive

Disclosure

Broberg: Modus easily sources tech talent through University of Minnesota internships

“We have no problems at all. Our offices you know, for in terms of hiring and finding good tech talent both back-end and front-end app developers we're right next to the University of Minnesota. Our office is right here, so we're on the light rail, and, well, w…”

Oren Broberg Aug 6, 2018 ▶ 6:42 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018 neutral

Disclosure

Broberg: Modus charges $35 to $50 per user per month

“Well, per user, I mean, typically anywhere between 35 and 50 dollars per head per month. That's a basic.”

Oren Broberg Aug 6, 2018 ▶ 4:04 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Aug 6, 2018 neutral

Disclosure

Modus raised mid-single digit millions in Series A

“It was a simple Series A. It was, like, mid-single digits.”

Oren Broberg Aug 6, 2018 ▶ 4:41 1108 Minneapolis Sales Tech: "We're past $30m in ARR, will raise this year"

Feb 24, 2022

Assertion Supported

Stepanovich: Gruntify's clients include Modus, CoreLogic, and City of San Jose

“We have clients in the United States and in Australia. For example, we have Modus a company in the United States that's rolling out five G hardware all over this country. We have CoreLogic as one of our property clients, and we have multiple government clients…”

Igor Stepanovich Feb 24, 2022 ▶ 1:37 Bootstrapped to $3m, Now Raising to Grow Field Operations Management SaaS

Modus

Mentions by year

Everything said about Modus, oldest first

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