Assertion certainty 4/5 debate potential 1/5

Baird Hall reports Wavve's monthly gross churn is between 9% and 11%

Baird Hall · Wavve Hits 9k For Audio Video Tool, $70k Monthly Profits! · Aug 19, 2020 · at 25:36

Baird Hall discusses the unit economics and prosumer customer base of his audio-video tool Wavve with Nathan Latka.

0:00 / 0:11exact quote · 11.5s
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“Between nine and 11%. It bounces around quite a bit seasonally, but so yeah, it's pretty high. We're in that prosumer area not quite consumer, but not B to B either with podcasters.”

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Disclosure
Baird Hall exclusively hires contractors who are building their own side startups
“Outside of the equity partners. We don't hire employees. We only hire contractors. And something we really like to do is we actually like to hire contractors that are working on their own entrepreneurial ideas and they work for us. And we kind of help teach th…”
Baird Hall Aug 19, 2020 ▶ 23:44 Wavve Hits 9k For Audio Video Tool, $70k Monthly Profits!
Insight
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“So my approach for cold email is I keep the initial outreach very short and I usually try to start with an opening question that I All I'm trying to do is invite a conversation. Like I'm not even trying to get them to do anything in that first email. All I'm r…”
Baird Hall Aug 19, 2020 ▶ 10:10 Wavve Hits 9k For Audio Video Tool, $70k Monthly Profits!
Insight
Baird Hall notes audiogram tool SEO fails due to medical keyword overlap
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Baird Hall Aug 19, 2020 ▶ 16:40 Wavve Hits 9k For Audio Video Tool, $70k Monthly Profits!
Assertion Not checkable as stated
Baird Hall claims Wavve maintains roughly 70% monthly profit margins
“But we are maniacal about our profit margins and we sit around 70% for monthly profit margins.”
Baird Hall Aug 19, 2020 ▶ 17:49 Wavve Hits 9k For Audio Video Tool, $70k Monthly Profits!
Disclosure
Baird Hall distributes maximum cash from Wavve instead of reinvesting in product
“We distribute as much cash as we can. I mean as far as wave goes, we're not really seeing any major product development right now to reinvest into. The product's pretty mature.”
Baird Hall Aug 19, 2020 ▶ 18:51 Wavve Hits 9k For Audio Video Tool, $70k Monthly Profits!
Disclosure
Baird Hall aims to exit his SaaS businesses at $500k to $2M
“So I think we are in that kind of, you know, 500 K to two million ARR sweet spot that we like to work in. And we haven't had our first exit yet, but I'm assuming that's kind of, I mean, that's probably going to be the goal. I don't think we're going to want to…”
Baird Hall Aug 19, 2020 ▶ 20:36 Wavve Hits 9k For Audio Video Tool, $70k Monthly Profits!
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