MySwimPro has raised approximately $1 million in total lifetime funding
Ferris Spetty · MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions · Nov 8, 2020 · at 13:18
Ferris Spetty, founder and CEO of MySwimPro, discusses the startup's cumulative capitalization across accelerators, grants, pitch competitions, and equity crowdfunding.
0:00 / 0:02exact quote · 3.0s
720p mp4 · rendered on demand · StarZero watermark
“We've raised about a million dollars in the life of the 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 Ferris Spetty
Spetty: Successful equity crowdfunding requires leveraging an existing loyal audience
“So the key is to figure out where is your loyal audience? Like who knows who you are already, because that's what you have control over. So if you have an email list or people know who you, the entrepreneur, if you're a category expert or something, right, tha…”
Spetty: MySwimPro retains only 30% to 40% of annual subscribers
“I mean, if we're lucky if we're keeping at this point for yearly subscribers, like 30, 40% over a year.”
Spetty: 90% of world's pools shut down in 2020
“So there was that one point here in 2020 where 90% of the world's pools were shut down completely.”
MySwimPro reached roughly 500k downloads by 2018
“2018, at that point we were probably around half a million.”
Apple named MySwimPro App of the Year in 2016
“We were app of the year by Apple... We were app of the year in 2016.”
Pandemic closures cut MySwimPro daily app downloads from 1,200 to 300
“2018, 2019, we've gotten up to about, you know, 800 to 1200 downloads per day. And the unfortunate thing about the pandemic of 2020, you know, with pool access being shut down for 30 to 50%, we've actually been cut back pretty significantly. You know, now, tod…”