Steven Benson

17 statements across 2 episodes · 9 bullish · 0 bearish · 1 people on the record · first statement Feb 4, 2017 by Steve Benson · said 24 times in 2 episodes since 2017 · across every show →

Mentions by year

brought up most by Nathan Latka (24)

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2017 24 mentions in 2 episodes 12 per episode

every mention, scene by scene, with the transcript →

Everything said about Steven Benson, oldest first

Feb 4, 2017 positive
Assertion Not checkable as stated
Benson: Badger Maps did around $1.2M in 2016 revenue
“Total revenue. Yeah, yeah, it was actually right around there.”
Steve Benson Feb 4, 2017 ▶ 15:09 EP 560: Badger Maps Does $1.2M in 2016, $120k MRR, Looking to 3x with CEO Steven Benson
Feb 4, 2017 positive
Insight
Benson: Founders should vest the bulk of their equity upon exit
“The way I would suggest would be a better way to do it is take a small slice of it. Like the amount that you would give like an early VP or someone who's, who's, who's high up in the organization, but not, not a founder and give and invest that portion over fo…”
Steve Benson Feb 4, 2017 ▶ 5:24 EP 560: Badger Maps Does $1.2M in 2016, $120k MRR, Looking to 3x with CEO Steven Benson
Feb 4, 2017
Assertion Not checkable as stated
Benson: Average Badger Maps customer pays probably $35 per month
“Average is probably 35 dollars a month.”
Steve Benson Feb 4, 2017 ▶ 2:51 EP 560: Badger Maps Does $1.2M in 2016, $120k MRR, Looking to 3x with CEO Steven Benson
Feb 4, 2017 bullish
Disclosure
Benson: Badger Maps targets $4.5M to $5M in ARR for 2017
“In terms of ARR, I'd like to see it at five. And so yeah. Five million? Yeah, I'd take four and a half though.”
Steve Benson Feb 4, 2017 ▶ 15:20 EP 560: Badger Maps Does $1.2M in 2016, $120k MRR, Looking to 3x with CEO Steven Benson
Feb 4, 2017
Assertion Not checkable as stated
Benson: Badger Maps served around 4,000 customer accounts in early 2017
“I'd say around 4000.”
Steve Benson Feb 4, 2017 ▶ 7:10 EP 560: Badger Maps Does $1.2M in 2016, $120k MRR, Looking to 3x with CEO Steven Benson
Feb 4, 2017 neutral
Assertion Not checkable as stated
Benson: Badger Maps averages around 3.3% monthly churn
“I think it was at it actually popped up a little bit this last month. I think because people were cleaning up their books, but I guess we average around 3.3%.”
Steve Benson Feb 4, 2017 ▶ 9:21 EP 560: Badger Maps Does $1.2M in 2016, $120k MRR, Looking to 3x with CEO Steven Benson
Feb 4, 2017
Assertion Supported
Benson: Badger Maps subscription tiers are $18, $35, or $66 monthly
“We're a SAS model. So it's a monthly service. It's 18 and 35 or 66 dollars a month.”
Steve Benson Feb 4, 2017 ▶ 2:38 EP 560: Badger Maps Does $1.2M in 2016, $120k MRR, Looking to 3x with CEO Steven Benson
Dec 8, 2017
Assertion Not checkable as stated
Benson: Badger Maps monthly logo churn is around 3%
“Probably like three percent.”
Steve Benson Dec 8, 2017 ▶ 13:06 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017
Assertion Not checkable as stated
Benson: Badger Maps employs about 55 people
“About 55 people.”
Steve Benson Dec 8, 2017 ▶ 3:32 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017 positive
Assertion Not checkable as stated
Benson: Badger Maps is growing around 80% year-over-year
“Yeah, I mean, we're basically I guess we're, I think we're around doubling maybe 80% growth rate year over year.”
Steve Benson Dec 8, 2017 ▶ 10:09 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017
Disclosure
Benson: Badger Maps offers 20% discount for annual upfront subscriptions
“20% is the kind of the standard, if they're gonna, if they, if they're gonna come in, For a year at a time, we knocked 20% off the cost. So it's, you know, it's moving it from a 42 dollar a month price to a 35 dollar”
Steve Benson Dec 8, 2017 ▶ 17:19 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017 positive
Insight
Benson: Revenue-based debt fits cash-generative SaaS, not capital-hungry startups
“It's a great product for companies that throw off cash. Right. So if you have a, A nice MRR and a growing MRR. It's a nice way to raise money. Obviously it wouldn't be a good fit if you're, you know, for a lot of companies that don't, that are capital hungry, …”
Steve Benson Dec 8, 2017 ▶ 12:33 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017 positive
Disclosure
Benson: Every Badger Maps employee is an equity owner
“Well, I mean, you could say that, you know, stock is a variable upside, so the success of the company, and everyone is a, is an owner in the company.”
Steve Benson Dec 8, 2017 ▶ 9:14 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017
Disclosure
Benson: Badger Maps spends about $15k monthly on paid channels
“Oh, I probably, Probably 15 grand.”
Steve Benson Dec 8, 2017 ▶ 14:49 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017 positive
Disclosure
Benson: Badger Maps pays sales reps straight salaries without commissions
“It's a salaried role. Even, even so all, all these roles are salaried roles, including the sales role.”
Steve Benson Dec 8, 2017 ▶ 9:05 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017 positive
Assertion Not checkable as stated
Benson: Badger Maps has reached $180k-$190k in MRR
“And now we're at like, Probably one 81 90.”
Steve Benson Dec 8, 2017 ▶ 10:54 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
Dec 8, 2017 positive
Assertion Not checkable as stated
Benson: Badger Maps has around 5,500 customers
“We probably have like 5500 customers.”
Steve Benson Dec 8, 2017 ▶ 9:49 867 SaaS: 80% yoy Growth, Badger Maps Passes $180k MRR
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