Bastin Gerald discusses Apptivo's fundraising history and decision to avoid institutional VC.
0:00 / 0:08exact quote · 8.8s
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“We've I mean, mostly bootstrapped, and then we've raised some capital from private investors. We've not done any Venture investment yet, like an institutional investment yet.”
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More from Bastin Gerald
Opinion
Gerald: Small businesses need enterprise software more than large corporations do
“Small businesses need the, need them more than enterprises in my opinion because they're juggling like too many balls.”
Bastin GeraldJan 2, 2018▶ 1:36892 SaaS: How he Sold 80,000 Seats at $10 a pop
“You know, if you look at churns, probably like, you know, in the, you know, 15%.”
Bastin GeraldJan 2, 2018▶ 13:27892 SaaS: How he Sold 80,000 Seats at $10 a pop
Disclosure
Gerald: Apptivo has raised close to $3.5 million
“So we've raised close to three and a half million so far.”
Bastin GeraldJan 2, 2018▶ 4:23892 SaaS: How he Sold 80,000 Seats at $10 a pop
AssertionNot checkable as stated
Gerald: Apptivo serves over 200,000 businesses worldwide
“We are over 200,000 businesses worldwide.”
Bastin GeraldJan 2, 2018▶ 10:19892 SaaS: How he Sold 80,000 Seats at $10 a pop
AssertionNot checkable as stated
Gerald: Over 75% of Apptivo's users are on the free tier
“Actually, more than 75% of them are not, are free users.”
Bastin GeraldJan 2, 2018▶ 10:28892 SaaS: How he Sold 80,000 Seats at $10 a pop
AssertionNot checkable as stated
Gerald: Apptivo generates slightly under $800,000 in MRR
“No, no, it's actually around that, a little bit less than that.”
Bastin GeraldJan 2, 2018▶ 11:40892 SaaS: How he Sold 80,000 Seats at $10 a pop
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