Disclosure certainty 4/5 debate potential 1/5

Gerald: Apptivo has taken no institutional venture capital

Bastin Gerald · 892 SaaS: How he Sold 80,000 Seats at $10 a pop · Jan 2, 2018 · at 4:12

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 Gerald Jan 2, 2018 ▶ 1:36 892 SaaS: How he Sold 80,000 Seats at $10 a pop
Assertion Not checkable as stated
Gerald: Apptivo experiences roughly 15% annual churn
“You know, if you look at churns, probably like, you know, in the, you know, 15%.”
Bastin Gerald Jan 2, 2018 ▶ 13:27 892 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 Gerald Jan 2, 2018 ▶ 4:23 892 SaaS: How he Sold 80,000 Seats at $10 a pop
Assertion Not checkable as stated
Gerald: Apptivo serves over 200,000 businesses worldwide
“We are over 200,000 businesses worldwide.”
Bastin Gerald Jan 2, 2018 ▶ 10:19 892 SaaS: How he Sold 80,000 Seats at $10 a pop
Assertion Not 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 Gerald Jan 2, 2018 ▶ 10:28 892 SaaS: How he Sold 80,000 Seats at $10 a pop
Assertion Not 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 Gerald Jan 2, 2018 ▶ 11:40 892 SaaS: How he Sold 80,000 Seats at $10 a pop
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