Yanado CEO Ivan Mojsilovic explains how enterprise account retention contrasts with high churn from small 1-2 person accounts.
0:00 / 0:09exact quote · 9.7s
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“The big company, the bigger companies, actually, we don't have, you know, it's a negative churn. Nobody left us yet, but the small ones is that make us trouble.”
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More from Ivan Mojsilovic
Opinion
Mojsilovic: Eastern European startup investment ecosystem is almost nonexistent
“So it's almost nonexistent. It's almost nonexistent. There's maybe, ah, five, six funds, you know, institutional investors, and maybe like, and a few dozen angels, but that's about it. It's not, not very, not the best place to raise money.”
Ivan MojsilovicJan 1, 2017▶ 5:42EP 526: Yanado Hits $25k MRR, Helping 17000 Users Better Manage Tasks with CEO Ivan Mojsilovic
Disclosure
Mojsilovic: Yanado would not accept an acquisition offer below $10 million
“No, they have to, today they have to offer around ten million. Not less than that.”
Ivan MojsilovicJan 1, 2017▶ 11:41EP 526: Yanado Hits $25k MRR, Helping 17000 Users Better Manage Tasks with CEO Ivan Mojsilovic
AssertionNot checkable as stated
Yanado experiences a 7% monthly customer churn rate
“Currently, it's seven percent, but that's because you get people with one or two users using me for one month or two months, and then they leave.”
Ivan MojsilovicJan 1, 2017▶ 9:05EP 526: Yanado Hits $25k MRR, Helping 17000 Users Better Manage Tasks with CEO Ivan Mojsilovic
AssertionContradicted
Mojsilovic: Google enterprise is growing 30% YoY with 5M–10M business users
“Because the Google in an enterprise world is growing around 30% year by year, and they already have more than, between five and ten million businesses using Google Apps.”
Ivan MojsilovicJan 1, 2017▶ 13:08EP 526: Yanado Hits $25k MRR, Helping 17000 Users Better Manage Tasks with CEO Ivan Mojsilovic
AssertionNot checkable as stated
Mojsilovic: Average Yanado customer pays around $3,000 annually
“So the average customer paying around three K's Per, per year. So it's a little bit around, it's a little bit lower than 300 bucks a month.”
Ivan MojsilovicJan 1, 2017▶ 2:55EP 526: Yanado Hits $25k MRR, Helping 17000 Users Better Manage Tasks with CEO Ivan Mojsilovic
AssertionPartly supported
Yanado has raised $200,000 in total capital
“In total we raised 200,000 dollars for my investors.”
Ivan MojsilovicJan 1, 2017▶ 4:42EP 526: Yanado Hits $25k MRR, Helping 17000 Users Better Manage Tasks with CEO Ivan Mojsilovic
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