Fresh Relevance co-founder and CEO Mike Austin explains the initial founder capital invested into the company before taking outside funding.
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“It was a little bit less than half a million dollars.”
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More from Mike Austin
Insight
US VCs Offer Higher Multiples but Demand Faster Growth Than UK VCs
“One of the differences we see between PEs in the UK and those in the US is the scale of investment and the expectation on growth. So, you know, in, in, if you get money in the valley, then you can get a phenomenal multiple, but you're also expected to hit, you…”
Mike AustinJul 16, 2020▶ 11:06FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
AssertionNot checkable as stated
Austin Admits Fresh Relevance Loses a Few Percent on Cohort Retention
“Right. No, not quite. That, that, that, that's my definition of net share, which may be slightly different. So the so we're looking at probably losing a few percent net on, on that.”
Mike AustinJul 16, 2020▶ 14:28FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
AssertionNot checkable as stated
Austin Claims In-Person Events No Longer Generate Reliable SaaS Leads
“In-person events are not working particularly well for us, which is also a big change over the last five years, you know, because a few years ago, you go to an event and you're guaranteed to get leads from it.”
Mike AustinJul 16, 2020▶ 16:50FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
AssertionNot checkable as stated
Austin: Fresh Relevance Average Contract Value Is Around $20,000 Annually
“The average is somewhere around 20,000 dollars annual.”
Mike AustinJul 16, 2020▶ 2:45FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
PredictionNot publicly verifiable
Fresh Relevance Is on Track for $5 Million Revenue in 2020
“So we're on track to do about five million dollars this year.”
Mike AustinJul 16, 2020▶ 9:29FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
AssertionNot checkable as stated
Fresh Relevance Revenue Is Growing 30% to 35% Annually
“So we're going about 30 to 35% annually.”
Mike AustinJul 16, 2020▶ 10:33FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
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