Kale: Co-founder equity splits should never be 50/50 in business
Anant Kale · EP 369: 22 Customers Pay $50K/Year SaaS AppZen.com with Anant Kale · Jul 28, 2016 · at 14:03
AppZen CEO Anant Kale discusses founder compensation and equity division philosophy with Nathan Latka.
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“So it's, I don't think it's ever 50 50 in, in any kind of business.”
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More from Anant Kale
Kale: AppZen grew revenue twelvefold in 11 months
“So we grew about you know, 12 times in the last 11 months or so.”
Kale: AppZen's average annual prepaid contract is $50,000
“Yes, so our average contracts that we sign these are all annual prepaid contracts, and the average size is around 50,000 dollars.”
Kale: AppZen has raised $3 million in total funding
“But we have raised a total of about three million dollars so far.”
Kale: AppZen has experienced zero customer churn to date
“We haven't had any churn so far, which is great.”