Disclosure certainty 4/5 debate potential 1/5

Freund: Lease Leads charges $5,000–$6,000 for setup and $200 monthly base

David Freund · How he hit $1m Revenue His First Year Building Leasing API's for Real Estate Industry on back of $1.75m Agency · Dec 8, 2022 · at 7:02

David Freund, co-founder and CEO of real estate SaaS platform Lease Leads, discusses the company's pricing model with Nathan Latka.

0:00 / 0:07exact quote · 7.2s
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“Those range anywhere from five to 6000 dollars for the initial build. And then there's a recurring fee. The lowest recurring fees, 200 dollars a month.”

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More from David Freund

Assertion Not checkable as stated
Freund: Lease Leads recurring customer churn is under 1%
“So you know, it's probably less than one percent. I would say it's been early on so far with the recurring”
David Freund Dec 8, 2022 ▶ 9:08 How he hit $1m Revenue His First Year Building Leasing API's for Real Estate Industry on back of $1.75m Agency
Insight
Freund: Enterprise real estate software cannot be fully standardized into templates
“That's kind of where I would totally echo that service-based sentiment is like these guys, you know, this industry, especially at the enterprise level, I don't think you can always fit them in a template. You know, a lot of these companies have custom solution…”
David Freund Dec 8, 2022 ▶ 10:40 How he hit $1m Revenue His First Year Building Leasing API's for Real Estate Industry on back of $1.75m Agency
Disclosure
Freund: Took larger equity split than CTO for ideation and customer acquisition
“We did not. No, we split it a little bit differently just because you know, ideation kind of premium and bringing the customers and things of that sort.”
David Freund Dec 8, 2022 ▶ 13:47 How he hit $1m Revenue His First Year Building Leasing API's for Real Estate Industry on back of $1.75m Agency
Assertion Not checkable as stated
Freund: Real estate agency hit $1.75 million in revenue in 2020
“20, 20 we did about one point about one and three quarter million revenue.”
David Freund Dec 8, 2022 ▶ 4:05 How he hit $1m Revenue His First Year Building Leasing API's for Real Estate Industry on back of $1.75m Agency
Assertion Not checkable as stated
Freund: Lease Leads has about 70 virtual leasing agent customers
“We have about 70 customers total on that.”
David Freund Dec 8, 2022 ▶ 7:50 How he hit $1m Revenue His First Year Building Leasing API's for Real Estate Industry on back of $1.75m Agency
Disclosure
Freund: Lease Leads generates about $80,000 per month in total revenue
“So all in, we're doing about 80,000 dollars a month in total.”
David Freund Dec 8, 2022 ▶ 8:54 How he hit $1m Revenue His First Year Building Leasing API's for Real Estate Industry on back of $1.75m Agency
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