Assertion certainty 4/5 debate potential 1/5

Guccione: Keeper Security generates high profit margins

Darren Guccione · 1513 KeeperSecurity is Profitable, Churning 8-10% of Revenue Annually · Sep 15, 2019 · at 8:20

Darren Guccione, co-founder and CEO of Keeper Security, addresses whether the bootstrapped software company operates at breakeven.

0:00 / 0:06exact quote · 6.1s
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“No, no, we're we make Really high profits. Yeah. We're a profitable business.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Darren Guccione

Assertion Not checkable as stated
Guccione: Keeper Security has over 15 million global users
“We've got over fifteen million people globally using our application.”
Darren Guccione Sep 15, 2019 ▶ 1:35 1513 KeeperSecurity is Profitable, Churning 8-10% of Revenue Annually
Assertion Not checkable as stated
Guccione: Over 50% of new Keeper B2B accounts expand within six months
“It would be, I'll say it's over 50%. Of the accounts that you sign up will start expanding, adding more employees to the platform or buying additional services.”
Darren Guccione Sep 15, 2019 ▶ 12:45 1513 KeeperSecurity is Profitable, Churning 8-10% of Revenue Annually
Assertion Not checkable as stated
Guccione: Keeper Security amassed several thousand business customers in two years
“We began selling the business product about two years ago and have amassed, you know thousands, just several thousand over the past couple of years.”
Darren Guccione Sep 15, 2019 ▶ 1:43 1513 KeeperSecurity is Profitable, Churning 8-10% of Revenue Annually
Assertion Supported
Guccione: Launching enterprise product drove Keeper Security's 5x growth
“In the past couple of years, we've, Really almost quintupled the size of our business. We were roughly 35 people, and we decided to launch our B to B and enterprise business, and that has really driven a lot of the growth”
Darren Guccione Sep 15, 2019 ▶ 7:07 1513 KeeperSecurity is Profitable, Churning 8-10% of Revenue Annually
Disclosure
Guccione: Keeper Security is fully bootstrapped with no outside investment
“Yeah, we haven't raised any outside investment capital yet, so this was bootstrapped, and I seed funded the company”
Darren Guccione Sep 15, 2019 ▶ 8:03 1513 KeeperSecurity is Profitable, Churning 8-10% of Revenue Annually
Assertion Not checkable as stated
Guccione: Keeper Security sees 90-92% annual retention on consumer plans
“On the consumer side, our churn is right around eight percent. No, so we charge annual recurring subscription. So we do not do monthly subscription plans. We only do annual. So we have about a 90 to 92%, you know, retention.”
Darren Guccione Sep 15, 2019 ▶ 11:27 1513 KeeperSecurity is Profitable, Churning 8-10% of Revenue Annually
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