Assertion certainty 3/5 debate potential 1/5

Weobong: eLeap's revenue expansion is under 2%

Don Weobong · 1457 eLearning Company For Internal Teams in Kentucky Hits 1000 Customers, $600k MRR · Jul 21, 2019 · at 9:46

Don Weobong, founder of LMS platform eLeap, answers Nathan Latka's question about customer upsells and expansion revenue.

0:00 / 0:03exact quote · 3.6s
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“On, on hold, I'll say it's less than two percent.”

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 →

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Weobong: Upwards of 90% of people are unhappy with their LMS
“Traditionally it's upwards of 90% of people are not happy with their LMS.”
Don Weobong Jul 21, 2019 ▶ 13:25 1457 eLearning Company For Internal Teams in Kentucky Hits 1000 Customers, $600k MRR
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Competitor Triggered Google Manual Penalty Against eLeap With Fake Backlinks
“Well, a competitor basically Sent a bunch of fake links to us and then turned around and reported us to Google. And so they looked at it and were like, well, you guys have a bunch of bad links, and so we're gonna manually demote your rankings.”
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Assertion Not checkable as stated
Weobong: eLeap has about 5% monthly revenue churn
“I think we're looking at about five percent.”
Don Weobong Jul 21, 2019 ▶ 8:11 1457 eLearning Company For Internal Teams in Kentucky Hits 1000 Customers, $600k MRR
Assertion Not checkable as stated
Ten of eLeap's 15 Employees Are Dedicated to Outbound Sales
“10 of them doing outbound calls.”
Don Weobong Jul 21, 2019 ▶ 11:15 1457 eLearning Company For Internal Teams in Kentucky Hits 1000 Customers, $600k MRR
Disclosure
eLeap Customers Pay an Average of $1,000 Per Month
“On average, we have about a thousand per month. We start off at the low end of 25 employees, which is And then 25 dollars a month, but a sweet spot is, is about a thousand a month.”
Don Weobong Jul 21, 2019 ▶ 3:40 1457 eLearning Company For Internal Teams in Kentucky Hits 1000 Customers, $600k MRR
Assertion Not checkable as stated
Weobong: eLeap Has 1,035 Active Paying Corporate Customers
“We have right now actives a 1035 active companies.”
Don Weobong Jul 21, 2019 ▶ 4:10 1457 eLearning Company For Internal Teams in Kentucky Hits 1000 Customers, $600k MRR
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