Vlachogiannis: BugSense Sold 10% for $100K and Reached Breakeven Within 7 Months
John Vlachogiannis · AgentRisk Has $27m in AUM, Better Version of Family Office? · Dec 15, 2020 · at 3:07
John Vlachogiannis details BugSense's cap table dilution and path to profitability.
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“So it was, it wasn't that easy because we only gave 10% to the original investors. They only put 100 K and then we broke even after I think six to seven months. So 90% of the company was to us, to the founders or to the, you know, to the engineers.”
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“Not really, because as I said, our teams are extremely, extremely small and efficient, so currently the team is has eight people, and our break-even point is, I think, around one hundred million”
BugSense was the second most-used mobile analytics platform behind Google
“We had, we were the second most useful, second most used platform after Google analytics and Google reporting, but we saw that we're getting squeezed out and our goal was to go after the big customers, which were more difficult.”
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