Odoo

“Now we raised ten million euros, so twelve million dollars.”

“Yeah, actually it's, as we sell per year, most of our contracts, we, with the payback is quite, it's instantly.”

“Yes, it's 30%. So the net churn is around -10.”

“Every time we release a new version from one month to another, we have an increase of the leads by 20%.”

“And at that time, so we raised four million dollar to do the pivot.”

“Search engine activities, maybe twenty-k. Ok. And some billboards and some other ads, maybe twenty-k extra.”

“The, if they don't have a service, we have a churn of 30% on the first year. If I do, if they do use the service, we are closer to 15, 20% depending on the size.”

“It's more or less fifty-fifty.”

“If we sell directly, it's 2000 euros or 2.4000 dollars. If it's a true partner, it's 1.2.”

“We do have people focus on some big apps like accounting. I think I have 10 people maximum, which is one of the biggest.”

“50%.”

“It's fifty-fifty.”

“So, when we were 100 people, we were doing one million in revenue per year.”

“In billing for the year will be around forty four million dollars.”

“No, it's not our strategy. We prefer to grow organically mostly because we have a strong company culture and I'm not sure if we buy it, we will just spread the culture.”

“We actually have four millions of users because we do have a lot of free users because of the open source natural for do.”

“So if you take one app, like a MailChimp to send email or and task management, I would say, 85% of what you have to do to build this app is generic. Generic. Like you need a mobile interface, interface. You need to have a front end with drag and drop stuff the…”

“No, we might have a secondary exit to help one of our investor to go out, but we plan to, we have too much money. We don't know what to do.”

“We are in MRR, we are 2.6 million dollars per month, or 60% per year.”

“We do half a million dollar cash flow positive every month.”