Promys

9 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Feb 18, 2022 by John Brakey · said 9 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (7), John Brakey (2)

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2022 9 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Promys, oldest first

Feb 18, 2022 neutral
Disclosure
Brakey: Promys operates with a three-person remote sales team
“No, there's only about three, and we do a lot of through marketing and referral. And like all of our sales are done remotely.”
John Brakey Feb 18, 2022 ▶ 5:25 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Feb 18, 2022 neutral
Assertion Not checkable as stated
Brakey: Promys has 15 full-time employees and 5 subcontractors
“Oh, the total team's 15 plus another five that are subcontract on the, like, so that if you, it breaks down into support like customer service and so forth, implementation training, and the other part of it is the dev development.”
John Brakey Feb 18, 2022 ▶ 7:15 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Feb 18, 2022 positive
Assertion Not checkable as stated
Brakey: Promys generates about $345K in monthly revenue
“Yeah, that's about right.”
John Brakey Feb 18, 2022 ▶ 7:59 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Feb 18, 2022
Disclosure
Brakey: Promys funded growth through cash flow and prior business exits
“We've had a lot of good cashflow and we had our own investment from some other businesses that we sold. So we've never really had to go outside in the marketplace.”
John Brakey Feb 18, 2022 ▶ 10:08 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Feb 18, 2022 neutral
Disclosure
Brakey: Promys blended seat pricing averages roughly $59 per month
“It's based on a seat license and there are two seat licenses. There's a field license or technical license and a full license for the salespeople and the admin people. And so you're looking at it on average about if you blend those two rates together, about 59…”
John Brakey Feb 18, 2022 ▶ 4:45 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Feb 18, 2022 neutral
Assertion Not checkable as stated
Brakey: Promys revenue was roughly 25% lower one year ago
“We were probably about 25% less.”
John Brakey Feb 18, 2022 ▶ 8:06 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Feb 18, 2022 neutral
Disclosure
Brakey: The average Promys customer has 40 to 45 seats
“The average customer is about 40, 45.”
John Brakey Feb 18, 2022 ▶ 5:09 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Feb 18, 2022 neutral
Assertion Not checkable as stated
Brakey: Promys has approximately 150 to 200 customers
“So we both have I guess approximately about a 152 hundred.”
John Brakey Feb 18, 2022 ▶ 6:59 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
Feb 18, 2022 positive
Assertion Not checkable as stated
Brakey: Most Promys customers remain for 5+ years
“Most of our customers have been around for five plus years. In that case, some of the larger ones have been around for almost 10 years.”
John Brakey Feb 18, 2022 ▶ 6:39 How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space
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