Prediction certainty 4/5 debate potential 2/5

Teckst aims to achieve $2 million in 2016 sales on current runway

Matt Tumbleson · EP 424: SaaS Teckst Passes 65 Enterprise Customers, $2.5M Raised with CEO Matt Tumbleson · Sep 21, 2016 · at 17:13

Matt Tumbleson, founder and CEO of Teckst, discusses end-of-year revenue targets and runway with Nathan Latka.

0:00 / 0:13exact quote · 13.4s
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“I mean, for me, it would be two million in sales. That would be the number that we want to hit. And that's totally achievable. That's within our runway. That's, you know, that's, it's completely achievable.”

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More from Matt Tumbleson

Assertion Not checkable as stated
New Teckst salespeople land two to three enterprise clients monthly
“Every time we had a salesperson, we're basically able to bring in, you know, two or three Large enterprises every month, which is kind of unheard of in, in this space.”
Matt Tumbleson Sep 21, 2016 ▶ 11:14 EP 424: SaaS Teckst Passes 65 Enterprise Customers, $2.5M Raised with CEO Matt Tumbleson
Assertion Not checkable as stated
Teckst's fully loaded customer acquisition cost is near $2,500
“It's probably closer to, ah, I'd say it's probably closer to 2500.”
Matt Tumbleson Sep 21, 2016 ▶ 16:07 EP 424: SaaS Teckst Passes 65 Enterprise Customers, $2.5M Raised with CEO Matt Tumbleson
Assertion Not checkable as stated
Teckst serves 65 enterprise clients on its SMS platform
“Total count is 65 enterprises. So we're specifically for large businesses, and we've got 65 clients right now.”
Matt Tumbleson Sep 21, 2016 ▶ 3:52 EP 424: SaaS Teckst Passes 65 Enterprise Customers, $2.5M Raised with CEO Matt Tumbleson
Prediction Not checkable as stated
Teckst plans to expand in-store SMS to 2,500 locations in 2016
“And so we kicked off that pilot with a hundred stores and then we'll be rolling out to 2500 before the end of year.”
Matt Tumbleson Sep 21, 2016 ▶ 4:45 EP 424: SaaS Teckst Passes 65 Enterprise Customers, $2.5M Raised with CEO Matt Tumbleson
Disclosure
Betterment is a customer of Teckst's two-way SMS messaging platform
“We can name Betterment is one of them.”
Matt Tumbleson Sep 21, 2016 ▶ 5:11 EP 424: SaaS Teckst Passes 65 Enterprise Customers, $2.5M Raised with CEO Matt Tumbleson
Assertion Supported
Teckst raises approximately $2.5 million seed round
“We just raised about two and a half million dollars and that was for a seed round.”
Matt Tumbleson Sep 21, 2016 ▶ 6:53 EP 424: SaaS Teckst Passes 65 Enterprise Customers, $2.5M Raised with CEO Matt Tumbleson
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