Assertion certainty 4/5 debate potential 1/5

Phillips: Cover Me's monthly revenue dipped to about $100K during COVID

Greg Phillips · He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped · Aug 17, 2021 · at 9:15

Greg Phillips, founder and CEO of Cover Me, describes the company's revenue contraction during the COVID-19 pandemic.

0:00 / 0:05exact quote · 5.4s
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“Oh, we struggled a little bit last year. We dipped all the way down when we were dragging around about a hundred a month.”

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More from Greg Phillips

Opinion
Phillips: Cover Me prices its products 50% beneath market rates
“We think we're about 50% beneath the market on both of them.”
Greg Phillips Aug 17, 2021 ▶ 14:37 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Prediction Not checkable as stated
Phillips: Personal angel investment Rehinged will be a marketing AI superstar
“And in fact, I just invested some of my own money into that deal. Rehinged is going to be a superstar in that space.”
Greg Phillips Aug 17, 2021 ▶ 16:19 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Disclosure
Phillips: Cover Me founders invested about $800,000 of personal capital
“We put in about 800,000 total.”
Greg Phillips Aug 17, 2021 ▶ 5:24 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Prediction Not checkable as stated
Phillips: Cover Me will reach about $1.6 million in revenue in 2021
“This year we will finish the year at about one six.”
Greg Phillips Aug 17, 2021 ▶ 7:11 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Disclosure
Cover Me Pays Sales Reps $100K Base Plus 10% Commission
“We pay them a 100,000 as a base, and then 10% on their first year, on the first year of the revenue, and then there's some residuals.”
Greg Phillips Aug 17, 2021 ▶ 8:30 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
Assertion Not checkable as stated
Phillips: Cover Me added three customers and $270K in ARR last month
“We just added three new customers. So we added two point, or excuse me, 270,000 in revenue last month.”
Greg Phillips Aug 17, 2021 ▶ 8:45 He's Beating Cancer While Building Fintech Health Tool, $1.6m ARR Bootstrapped
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