Ivan Mojsilovic, CEO of Yanado, outlines the size and growth of Google's enterprise productivity ecosystem.
Opinion
Mojsilovic: Eastern European startup investment ecosystem is almost nonexistent
“So it's almost nonexistent. It's almost nonexistent. There's maybe, ah, five, six funds, you know, institutional investors, and maybe like, and a few dozen angels, but that's about it. It's not, not very, not the best place to raise money.”
Disclosure
Mojsilovic: Yanado would not accept an acquisition offer below $10 million
“No, they have to, today they have to offer around ten million. Not less than that.”
Assertion Not checkable as stated
Yanado experiences a 7% monthly customer churn rate
“Currently, it's seven percent, but that's because you get people with one or two users using me for one month or two months, and then they leave.”
Assertion Not checkable as stated
Mojsilovic: Yanado sees negative churn and zero departures among large accounts
“The big company, the bigger companies, actually, we don't have, you know, it's a negative churn. Nobody left us yet, but the small ones is that make us trouble.”
Assertion Not checkable as stated
Mojsilovic: Average Yanado customer pays around $3,000 annually
“So the average customer paying around three K's Per, per year. So it's a little bit around, it's a little bit lower than 300 bucks a month.”
Assertion Partly supported
Yanado has raised $200,000 in total capital
“In total we raised 200,000 dollars for my investors.”