Mike Austin, co-founder and CEO of Fresh Relevance, discusses customer acquisition costs and payback periods with Nathan Latka.
0:00 / 0:06exact quote · 6.8s
720p mp4 · rendered on demand · StarZero watermark
“I don't want to give an exact thing on that, but we're spending less than the first annual year value.”
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 Mike Austin
Insight
US VCs Offer Higher Multiples but Demand Faster Growth Than UK VCs
“One of the differences we see between PEs in the UK and those in the US is the scale of investment and the expectation on growth. So, you know, in, in, if you get money in the valley, then you can get a phenomenal multiple, but you're also expected to hit, you…”
Mike AustinJul 16, 2020▶ 11:06FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
AssertionNot checkable as stated
Austin Admits Fresh Relevance Loses a Few Percent on Cohort Retention
“Right. No, not quite. That, that, that, that's my definition of net share, which may be slightly different. So the so we're looking at probably losing a few percent net on, on that.”
Mike AustinJul 16, 2020▶ 14:28FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
AssertionNot checkable as stated
Austin Claims In-Person Events No Longer Generate Reliable SaaS Leads
“In-person events are not working particularly well for us, which is also a big change over the last five years, you know, because a few years ago, you go to an event and you're guaranteed to get leads from it.”
Mike AustinJul 16, 2020▶ 16:50FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
AssertionNot checkable as stated
Austin: Fresh Relevance Average Contract Value Is Around $20,000 Annually
“The average is somewhere around 20,000 dollars annual.”
Mike AustinJul 16, 2020▶ 2:45FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
Disclosure
Fresh Relevance Founders Invested $500k of Their Own Money to Start
“It was a little bit less than half a million dollars.”
Mike AustinJul 16, 2020▶ 7:22FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
PredictionNot publicly verifiable
Fresh Relevance Is on Track for $5 Million Revenue in 2020
“So we're on track to do about five million dollars this year.”
Mike AustinJul 16, 2020▶ 9:29FreshRelevance Founders Put Up $500k To Start, Now $5m Revenue, 500 Customers
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.