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Socedo

16 statements across 2 episodes · 8 bullish · 0 bearish · 1 people on the record · first statement Feb 27, 2017 by Aseem Badshah · said 30 times in 3 episodes since 2017 · across every show →

Mentions by year

brought up most by Nathan Latka (18), Aseem Badshah (12)

tap a year for its mentions
001523032017episodesmentions
0232017episodes it came up in
0051.51032017episodesmentions per episode
2017 30 mentions in 3 episodes 10 per episode

every mention, scene by scene, with the transcript →

Everything said about Socedo, oldest first

Feb 27, 2017 positive
Assertion Not checkable as stated
Socedo achieves 90% Twitter-to-LinkedIn match accuracy and 80% email accuracy
“We don't guarantee an accuracy rate, but our accuracy rates are pretty high. So we normally see accuracy of about 90% when we're going from a Twitter account to a LinkedIn account match. And then from email address, you kind of get to accuracy rates around 80%…”
Aseem Badshah Feb 27, 2017 ▶ 11:31 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017 positive
Assertion Not checkable as stated
Socedo generates all inbound leads using its own demand generation platform
“So we don't actually spend a lot of money on marketing. We really kind of drink our own champagne and all of the leaves that are coming in are really kind of coming from our own system.”
Aseem Badshah Feb 27, 2017 ▶ 9:32 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017
Assertion Not checkable as stated
Socedo's customer acquisition cost is approximately $6,000
“We pay around 6000 dollars to acquire a customer.”
Aseem Badshah Feb 27, 2017 ▶ 15:36 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017
Disclosure
Socedo has raised $1.5 million in capital to date
“So we've raised about 1.5 million to date and you know, kind of been extremely capital efficient, right?”
Aseem Badshah Feb 27, 2017 ▶ 4:51 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017
Assertion Not checkable as stated
Some enterprise customers pay Socedo up to $500,000 per year
“And some customers are paying all the way up to half a million, you know, a year and then smaller Customers as well”
Aseem Badshah Feb 27, 2017 ▶ 5:16 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017 neutral
Disclosure
Socedo enriches data using FullContact, Clearbit, SellHack, and direct social feeds
“So full contact is one of them. Clearbit is one that we use. And then we look at, you know, providers like cell hack and others, and then we connect right into the social media feeds as well.”
Aseem Badshah Feb 27, 2017 ▶ 12:04 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017
Assertion Supported
Socedo operates with a 25-person team based in Seattle
“We've got about 25 people in Seattle at this point.”
Aseem Badshah Feb 27, 2017 ▶ 6:05 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017 positive
Assertion Not checkable as stated
Socedo achieves net negative revenue churn through monthly customer upgrades
“We are. Yes, exactly. So we see greater upgrades than churn on a monthly basis.”
Aseem Badshah Feb 27, 2017 ▶ 15:27 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017 positive
Assertion Not checkable as stated
Socedo's gross monthly customer churn is approximately 2%
“So our gross customer churn monthly is around two percent.”
Aseem Badshah Feb 27, 2017 ▶ 15:17 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017 neutral
Prediction Not checkable as stated
Socedo deliberately targets slower 2x growth in 2017 to prioritize retention
“Right now we're actually looking at it and saying, Hey, we're going to slow down growth a little bit in 2017 and really kind of target to do a two X in 2017 while we focus on taking the customers that we have today and really becoming more and more core with t…”
Aseem Badshah Feb 27, 2017 ▶ 6:24 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017 positive
Assertion Not checkable as stated
Socedo estimates its customer lifetime value at approximately $20,000
“We look at lifetime value today is around 20 K.”
Aseem Badshah Feb 27, 2017 ▶ 15:44 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017 bullish
Disclosure
Socedo aims for cash flow positivity before raising new capital
“Is get cashflow positive, really focused on getting core with our customers here in 2017, and then take on some new capital when we're ready to really step on the gas and scale, right?”
Aseem Badshah Feb 27, 2017 ▶ 8:41 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017
Assertion Not checkable as stated
Socedo's GTM team employs five AEs, two SDRs, and three marketers
“So we've got about, you know, five AEs on the team, two SDRs. And then and then three on the marketing team, that's basically kind of all we need on the sales and marketing side.”
Aseem Badshah Feb 27, 2017 ▶ 9:47 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017
Assertion Not checkable as stated
Socedo's average contract value is $12,000 to $15,000 annually
“Average is around 12,000 to 15,000 dollars a year.”
Aseem Badshah Feb 27, 2017 ▶ 3:15 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Feb 27, 2017 bullish
Assertion Not checkable as stated
Socedo grew revenue 3x in 2016 and reached 200 paying customers
“So 200 customers, we grew revenue about three X in 2016 and are growing quickly into 20 17 as well.”
Aseem Badshah Feb 27, 2017 ▶ 4:56 EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah
Nov 8, 2017 positive
Disclosure
Badshah: Microsoft CEO Satya Nadella is a close mentor
“Hometown hero Satya Nadella, one of my close mentors, and he's just doing some fantastic things.”
Aseem Badshah Nov 8, 2017 ▶ 15:17 837: SaaS: A Good Reason to Have Flat Growth at $200k MRR
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