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Obie Co-Founders Retain About 60% Ownership

Chris Buttenham · Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently · Sep 17, 2020 · at 10:29

Chris Buttenham, founder of Obie, discloses the co-founders' remaining equity stake despite early sweat equity grants.

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“About 60% of the company.”

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More from Chris Buttenham

Assertion Not checkable as stated

Obie Generates Approximately $25,000 in Monthly Revenue

“Yeah, we're doing about 25 K a month in revenue.”

Chris Buttenham Sep 17, 2020 ▶ 7:02 Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Assertion Not checkable as stated

Obie Burns Roughly $30,000 Per Month

“We're burning about 30 K a month.”

Chris Buttenham Sep 17, 2020 ▶ 7:15 Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Disclosure

Obie Raised All Capital on Convertible Notes to Maintain Control

“We've raised all of our money on notes to date, so we still retain control.”

Chris Buttenham Sep 17, 2020 ▶ 9:47 Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Assertion Not checkable as stated

Obie's Monthly Customer Churn Is Below 3%

“But now we have churn really stable. It's below three percent a month.”

Chris Buttenham Sep 17, 2020 ▶ 13:53 Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Assertion Not checkable as stated

95% of Obie Sales Come From Inbound Organic Channels

“What is fortunate about our model is that 95% of our sales come inbound organic.”

Chris Buttenham Sep 17, 2020 ▶ 14:49 Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Disclosure

Obie Customers Pay Between $400 and $600 Per Month

“Between four and 600 dollars a month. Yeah. Depending on the size.”

Chris Buttenham Sep 17, 2020 ▶ 4:39 Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Obie Co-Founders Retain About 60% Ownership

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