True Signal does not plan to raise capital beyond its spin-out funding.
David Dowhan · 1062 I raised $5m to spin the company out of corporate · Jun 21, 2018 · at 13:01
David Dowhan, CEO of True Signal, discusses financing strategy and burn rate management with Nathan Latka.
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“Nope, have not. And you know, don't intend to, knock on wood, right?”
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More from David Dowhan
True Signal averages a $25,000 monthly minimum per customer.
“The average kind of minimums that we see across the board, about 25,000 dollars per month.”
True Signal raised $5M to spin out from eBureau in 2017.
“So we raised a five million round and spun it off as a separate independent company back in October of 2017.”
True Signal spends approximately $2M annually on data licensing.
“So we're licensing, you know, on, on the order of, you know, a couple million dollars worth of data every single year. That's just kind of a fixed cost of operating, right?”
True Signal's average customer acquisition cost is $40,000 to $50,000.
“No, if I had to average it out, I would say probably closer to kind of the 40 to 50,000 dollars is kind of what it would be.”