Assertion Not checkable as stated
TemplateMonster operated at an unusually high 70% net profit margin
“No, no, no.
[366] David Braun: We was like super profitable.
[367] David Braun: It was 70% margin.”
Opinion
Braun argues DIY website builders produce crappy sites that users hate
“People do not want to do it in do it yourself mode. Because the websites at the end are crap. You know, when you take a look, you see that, you know, like those websites are crappy, really.”
Assertion Not checkable as stated
Weblium acquires customers with zero ad spend by partnering with banks
“So I already signed up five most the biggest banks in the Ukraine. We work with two banks in Austria right now. One big banking group, which is covering 26 countries is right now, like we are signing up the contract. So actually, actually, we do not spend any …”
Disclosure
TemplateMonster's $100M sale in 2013 included $45M in upfront cash
“A cash up front was about 45.”
Assertion Not checkable as stated
Weblium projects a 5-6 year customer lifetime value of $600-$700
“So LTV is around five to six years. So we basically return after investing into site creation, we're getting back 600 to 700 bucks.”
Insight
Braun advises waiting six months post-divorce before negotiating future arrangements
“There is a grace period. It's like when she's like really mad at you because you kind of, you know, like disappointed her. So wait until the grace period ends. Usually it's about six months. Then go and talk about the future.”
Assertion Not checkable as stated
TemplateMonster reached $1M in sales in two years
“So like we asked him to create 31st templates we published online and within first couple of months we took, we got like 70,000 dollars in sales.
[324] David Braun: And after two years, we got like one million dollars in sales.
[327] David Braun: Then I create…”
Assertion Not checkable as stated
TemplateMonster reached $25M in annual revenue by 2013
“It was 25 mil a year.”
Assertion Not checkable as stated
TemplateMonster built over 1.5 million websites for clients
“During TemplateMonster times, we created over 1.5 million websites for customers.”
Assertion Not checkable as stated
Weblium has 3,250 customers and is adding 600 monthly
“So right now we have 3250 something customers, and we are growing right now about 600 customers a month.”
Assertion Not checkable as stated
Weblium generates $425k in yearly revenue with 250% growth
“I have like 425,000 yearly revenue. Cause like it's growing like crazy months over months. It's about 250% gross.”
Assertion Not checkable as stated
All 3,200 Weblium customers pay their annual subscription upfront
“They prepare for a year, so that is why we don't have any, all of those 3200 customers, they paid for a year in the back.”
Assertion Not checkable as stated
Weblium operates unprofitably with a monthly burn rate of $85,000
“So we still we still not profitable. We need our burn rate is about 85,000 dollars.”
Disclosure
Braun structured an 18-year upfront bank plan for divorce support
“So what I did a structure 18 years plan. So I put the money in the bank. So like, she was super sure that, you know, like I would not leave her without, you know, like without the financial support and so on.”
