Assertion Supported
Morgan: Funding Circle requires personal guarantees from shareholders
“So Funding Circle do require personal guarantees from the shareholders.”
Disclosure
ChannelGrabber passes 800 customers
“So we, we've just exceeded 800 customers.”
Disclosure
Morgan: ChannelGrabber took on about $400k of debt in 12 months
“Being very transparent we're probably about 400,000 dollars of debt in the last 12 months, which we're servicing.”
Assertion Not checkable as stated
Morgan: ChannelGrabber is tracking about $1.3M in ARR
“We're currently tracking about 1.3 million dollars in, in annual recurring revenue.”
Disclosure
Morgan: ChannelGrabber targets a $6M to $9M pre-money valuation
“So, you know, the market rate is, is four to six X that figure. So, you know, I guess I usually work in pounds, excuse me, but you know, we're probably looking anywhere between six and nine million us.”
Disclosure
Morgan: ChannelGrabber's original shareholders are open to an acquisition
“I think that a sale of the company is interesting for current set of principal shareholders then in the business for, well, since the outset in the case of the founders, and we also have a an angel investor who came in, in our first and only seed round. And so…”
Prediction Not checkable as stated
ChannelGrabber projected hitting positive cash flow in early 2020
“As I said, we made a lot of investments ahead of revenue taking a few chances over the last 12 or 18 months, but we're looking at being cash flow positive in February or March of next year.”
Assertion Not checkable as stated
ChannelGrabber rebounded to 33% YoY growth after years of zero growth
“We were, well, we've grown based on our latest assets for the end of this year, we'll have grown 33% year on year. Prior, prior two or three years, we had grown zero.”
Assertion Not checkable as stated
ChannelGrabber experiences 2.5% monthly logo churn and under 3% revenue churn
“Our churn has been higher than we would like it to be. It is currently running at about two and a half percent by customer numbers just under three percent by revenue.”
Assertion Not checkable as stated
ChannelGrabber's fully loaded CAC is under $300 per customer
“Yeah, so if I include headcount and marketing investments across the board, we're under 300 bucks. For customer.”
Assertion Not checkable as stated
Morgan: ChannelGrabber's ARPU is roughly $145 to $150 per month
“Our average monthly recurring revenue for a customer is about a 145 bucks, a 145, a 150 bucks.”
Disclosure
ChannelGrabber employs 20 people
“So we have 20 employees right now.”
Disclosure
Morgan: ChannelGrabber hired KBS to lead outreach to investors and buyers
“Well, we're working with a corporate finance partner on this raise. And that, that is simply because the management team here are lacking in bandwidth to, you know, to lead a fundraising exercise. We're obviously going to be participating and I'll be leading i…”
