Assertion certainty 4/5 debate potential 1/5

Bouck: Propeller has grown 21% MoM to over 50 customers since September

Eric Bouck · EP 549: Propeller CEO on Why He'll Win CRM Space After Exit to Samsung with Eric Bouck · Jan 24, 2017 · at 5:09

Eric Bouck, founder of Propeller CRM, shares early traction and growth metrics three months after the startup's product launch.

0:00 / 0:14exact quote · 14.1s
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“So we launched the product widely on September first. The three months ago. We've been growing at 21% month over month since then. We put up 25% month over month in November. We've got a little over 50 customers right now.”

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More from Eric Bouck

Insight
Bouck: AI in CRM is merely 'sprinkles' rather than the core differentiator
“At the end of the day, I think a lot of this is really still a productivity product, and I think the AI ends up being the sprinkles that make it great, as opposed to the core differentiator.”
Eric Bouck Jan 24, 2017 ▶ 9:36 EP 549: Propeller CEO on Why He'll Win CRM Space After Exit to Samsung with Eric Bouck
Assertion Not checkable as stated
Bouck: Propeller's net churn hovers right around 0% due to upgrades
“We have had some churn. I mean, as you would expect. And but basically we've also had some upgrades. So our net churn hovers right around zero percent.”
Eric Bouck Jan 24, 2017 ▶ 6:24 EP 549: Propeller CEO on Why He'll Win CRM Space After Exit to Samsung with Eric Bouck
Insight
Bouck: Mid-to-large companies are price-insensitive to CRMs that boost sales
“When you get to a certain level of company, the price is, they're really price insensitive if you can deliver the value. Because the value is, you know, not losing sales or making more sales.”
Eric Bouck Jan 24, 2017 ▶ 11:34 EP 549: Propeller CEO on Why He'll Win CRM Space After Exit to Samsung with Eric Bouck
Assertion Not checkable as stated
Propeller CRM Generates About $50 Per Account Monthly in Early 2017
“Average revenue per per account is around 50 dollars per month right now.”
Eric Bouck Jan 24, 2017 ▶ 2:59 EP 549: Propeller CEO on Why He'll Win CRM Space After Exit to Samsung with Eric Bouck
Disclosure
Bouck: Propeller is a 10-year commitment, rules out early acquisition
“Yeah, definitely definitely not a deal right now. I mean, we're really, this is, you know, this is what I want to do for a long time. So this is my, you know, this is my 10 year plan. And I can't think of any better way to spend my time.”
Eric Bouck Jan 24, 2017 ▶ 7:39 EP 549: Propeller CEO on Why He'll Win CRM Space After Exit to Samsung with Eric Bouck
Assertion Not checkable as stated
Propeller CEO: Early customer lifetime value is around $1,500
“Right now we're looking at about a 1500 dollar lifetime value.”
Eric Bouck Jan 24, 2017 ▶ 13:07 EP 549: Propeller CEO on Why He'll Win CRM Space After Exit to Samsung with Eric Bouck
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