Mike Lapchick, founder of Shotfarm, reflects on his company's operational execution mistakes before agreeing to sell the business.
0:00 / 0:12exact quote · 12.4s
720p mp4 · rendered on demand · StarZero watermark
“I'll tell you where we failed is in the in-app marketing.
This is the biggest botched opportunity that we've, that we had was converting the free to paying users, right?”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Mike Lapchick
Opinion
Lapchick: Chicago has the most conservative investors in the US
“The only difference that I would make is that I wouldn't do it in Chicago. I wouldn't fund it in Chicago. It's the most conservative bed of investors in the country. These guys are bankers, you know, you go in with that.”
Mike LapchickJun 1, 2018▶ 11:501042 "We're selling the company right now" for $10m+
Insight
Lapchick: Founders Should Sell on the Upside Before Growth Plateaus
“Well, what you look for is, is you look at your growth trajectory, right? You look for that hockey stick or anything that approximately is a hockey stick. And as soon as you can start predicting when the plateau is going to occur, you want to sell on, on the u…”
Mike LapchickJun 1, 2018▶ 6:511042 "We're selling the company right now" for $10m+
AssertionNot checkable as stated
Lapchick: Shotfarm's average customer pays $1,200 per month
“Our average MRR is 1200 a month.”
Mike LapchickJun 1, 2018▶ 3:211042 "We're selling the company right now" for $10m+
AssertionPartly supported
Lapchick: Shotfarm Raised $10M While Competitor Salsify Raised $57M
“So and then, so we raised 10, we got competitors in now at fifty-seven million in funding.”
Mike LapchickJun 1, 2018▶ 8:131042 "We're selling the company right now" for $10m+
AssertionNot checkable as stated
Shotfarm Maintains Negative 0.5% Monthly Net Revenue Churn
“Right now we are at negative half a point.”
Mike LapchickJun 1, 2018▶ 15:201042 "We're selling the company right now" for $10m+
AssertionNot checkable as stated
Shotfarm Has 12,000 Platform Users and Over 100 Paying Customers
“Well, so we have 12,000, we have 12,000 companies using the platform. Not all of them are paying, but more than a hundred are paying.”
Mike LapchickJun 1, 2018▶ 16:341042 "We're selling the company right now" for $10m+
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.