Opinion certainty 4/5 debate potential 2/5

European companies are actively seeking alternatives to US software providers

Lionel Roux · 1632 How He Got 1000 Customers from 42,000 Free Users, $150k in MRR · Jan 12, 2020 · at 12:47

Lionel Roux, founder of French collaboration platform Wimi, explains to Nathan Latka why being a European SaaS provider offers a distinct acquisition moat against US competitors.

0:00 / 0:16exact quote · 16.7s
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“Companies are looking for alternatives to U S U S softwares. And we sort of built in a credibility, a brand that sort of makes us stand out in France. That's kind of help the recruitment of new customers.”

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More from Lionel Roux

Assertion Not checkable as stated
Wimi converts about 5% of its user companies to paid customers
“That's about five percent.”
Lionel Roux Jan 12, 2020 ▶ 4:33 1632 How He Got 1000 Customers from 42,000 Free Users, $150k in MRR
Disclosure
Wimi customers pay an average of $500 to $600 per month
“On average, it's about what, 500 to 600 dollars a month.”
Lionel Roux Jan 12, 2020 ▶ 2:44 1632 How He Got 1000 Customers from 42,000 Free Users, $150k in MRR
Disclosure
Wimi counts Sephora and a major French oil company as customers
“Simply we have a deployment of several thousand people in a large oil company in France. We also provide the solution to Sephora.”
Lionel Roux Jan 12, 2020 ▶ 2:51 1632 How He Got 1000 Customers from 42,000 Free Users, $150k in MRR
Assertion Not checkable as stated
Around 42,000 companies currently use Wimi's platform
“We have about 42,000 companies using our product.”
Lionel Roux Jan 12, 2020 ▶ 4:24 1632 How He Got 1000 Customers from 42,000 Free Users, $150k in MRR
Disclosure
Wimi is currently cash flow positive
“We're cash positive and it feels so good.”
Lionel Roux Jan 12, 2020 ▶ 10:03 1632 How He Got 1000 Customers from 42,000 Free Users, $150k in MRR
Disclosure
Wimi experiences approximately 20% annual revenue churn
“The churn is about 20% right now.”
Lionel Roux Jan 12, 2020 ▶ 10:43 1632 How He Got 1000 Customers from 42,000 Free Users, $150k in MRR
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