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Tyler Austin

10 statements across 1 episodes · 3 bullish · 1 bearish · 2 people on the record · first statement Jan 12, 2022 by Tyler Austin · across every show →

On the record as a speaker too: Tyler Austin's record, appearances and statements → this page counts the times other people say the name.

Everything said about Tyler Austin, oldest first

Jan 12, 2022
Assertion Not checkable as stated
Austin shares that REI SIFT incurs roughly $60,000 in monthly company expenses
“Our total company expenses monthly is about 60,000.”
Tyler Austin Jan 12, 2022 ▶ 12:21 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022
Disclosure
Austin confirms he maintains 100% ownership of bootstrapped REI SIFT
“Yes, I do.”
Tyler Austin Jan 12, 2022 ▶ 9:36 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022 positive
Disclosure
Austin confirms REI SIFT has been fully bootstrapped without venture capital
“Fully bootstrapped.”
Tyler Austin Jan 12, 2022 ▶ 9:19 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022
Assertion Not checkable as stated
Tyler Austin states REI SIFT has approximately 1,300 active customers
“Active customers about 1300.”
Tyler Austin Jan 12, 2022 ▶ 8:27 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022 positive
Assertion Not checkable as stated
Austin claims REI SIFT cut monthly churn from 11% to 5%
“We've really went from about, you know, 10, 11% churn down into that, that five range. And sometimes we get that six percent, but that's monthly.”
Tyler Austin Jan 12, 2022 ▶ 2:34 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022 positive
Assertion Not checkable as stated
Austin says REI SIFT generates $220,000 monthly revenue, including $140,000 in MRR
“MRR wise, one 40, but there was about another 60 to 80,000 or so. It was like 220,000 last month we did total.”
Tyler Austin Jan 12, 2022 ▶ 12:43 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022
Disclosure
Austin provides every REI SIFT employee with a $5,000 home office budget
“Gave everybody a tech budget now too, as well, because we didn't have that originally. So everybody has a 5000 dollar tech budget that they can use for their home offices and everything else.”
Tyler Austin Jan 12, 2022 ▶ 14:23 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022
Disclosure
Austin invests 40% of founder distributions in real estate and 5% in crypto
“I put a lot of money in whole life policies now index funds, regular stock market, you know, five percent into crypto. And then And so I have a whole diversification that I like to try to do, but most of it's about 40% of my revenue goes into real estate.”
Tyler Austin Jan 12, 2022 ▶ 16:49 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022 negative
Insight
Latka argues building a $5M bootstrapped SaaS beats chasing a unicorn IPO
“Tyler's, it's way easier and less risky to build a five million dollar SaaS company than it is to go try and raise five hundred million and build a billion dollar business that you own like one percent of at the time you try an IPO.”
Nathan Latka Jan 12, 2022 ▶ 17:14 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
Jan 12, 2022
Assertion Not checkable as stated
Austin claims REI SIFT reached $2.4M ARR with zero formal marketing spend
“We are looking to hire a marketing person right now because we've done zero marketing to date, you know?”
Tyler Austin Jan 12, 2022 ▶ 18:13 29 Year Old Bootstraps to $2.4m Revenue, $1m+ in Profits
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