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Podium

14 statements across 1 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Dec 30, 2016 by Eric Rea · said 12 times in 3 episodes since 2016 · across every show →

Mentions by year

brought up most by Nathan Latka (8), Eric Rea (4)

tap a year for its mentions
00821532016episodesmentions
0232016episodes it came up in
0021.5432016episodesmentions per episode
2016 12 mentions in 3 episodes 4 per episode

every mention, scene by scene, with the transcript →

Everything said about Podium, oldest first

Dec 30, 2016 positive
Disclosure
Rea: Domo CEO Josh James is an investor in Podium
“We Josh James, their CEO is an investor, so we actually get it.”
Eric Rea Dec 30, 2016 ▶ 16:44 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016
Assertion Not checkable as stated
Rea: Podium's average customer lifetime value is about $10,000
“So our LTV, our average LTV is about 10 grand. So if you take, it's about three, three year lifetime.”
Eric Rea Dec 30, 2016 ▶ 10:15 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016
Assertion Supported
Eric Rea: Podium Charges $299 per Month per Location
“So we charge it. 299 dollars a month. And that's per location.”
Eric Rea Dec 30, 2016 ▶ 2:31 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016 bullish
Prediction Not checkable as stated
Rea targets reaching mid-$30M ARR for Podium in 2017
“2017, we'd like to do twenty five million dollars in new annual recurring revenue, which would take us to about somewhere in the mid thirties if our churn holds.”
Eric Rea Dec 30, 2016 ▶ 11:41 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016
Assertion Not checkable as stated
Eric Rea: Podium Customers Pay an Average of $400 Monthly
“So average customers paying us about 400 dollars a month.”
Eric Rea Dec 30, 2016 ▶ 2:57 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016 neutral
Disclosure
Podium gave up about 20% equity for its $4M in funding
“We have given up About. 20% of the business.”
Eric Rea Dec 30, 2016 ▶ 6:35 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016 neutral
Assertion Partly supported
Podium raised $500k seed in 2014 and $3.5M in December 2015
“We raised 500 grand in 2014. So that was our kind of seed round. And then we raised three and a half in December of 2015.”
Eric Rea Dec 30, 2016 ▶ 5:51 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016
Assertion Not checkable as stated
Rea: Podium spends about $1,200 on average to acquire a customer
“We spend about 1200 dollars to acquire a customer. That's our cap.”
Eric Rea Dec 30, 2016 ▶ 9:59 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016 positive
Assertion Not checkable as stated
Podium expanded from 15 to 110 employees over 12 months
“End of 20 15. We had 15 employees. And then today we have a 110.”
Eric Rea Dec 30, 2016 ▶ 4:18 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016
Assertion Not checkable as stated
Rea: Podium's gross monthly customer churn hovers around 1%
“We usually focus on a net churn, but our gross hovers around about one percent monthly, which in our space is extremely good.”
Eric Rea Dec 30, 2016 ▶ 8:46 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016 bullish
Assertion Not checkable as stated
Rea: Podium grew from zero to $1.8M ARR in 2015
“We went from zero at the beginning of 2015 to, well, close to zero to 1.8 million in ARR. By the end of 2015.”
Eric Rea Dec 30, 2016 ▶ 11:05 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016 bullish
Assertion Not checkable as stated
Rea: Podium hit $11 million ARR in December 2016
“We just hit eleven million in ARR this month.”
Eric Rea Dec 30, 2016 ▶ 11:31 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016 positive
Disclosure
Rea: Podium runs its whole business on Domo BI software
“Okay, so it's a local company. It's called Domo BI company, and I didn't even know if they had a real product, but we just started using about six months ago, and I, like, our whole business is basically run on Domo.”
Eric Rea Dec 30, 2016 ▶ 16:30 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Dec 30, 2016
Assertion Not checkable as stated
Rea: Podium maintains a net negative churn of about 2% monthly
“And then we really focus on our net churn, which is about negative two percent monthly.”
Eric Rea Dec 30, 2016 ▶ 9:09 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
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