Assertion certainty 4/5 debate potential 1/5

Beans: TextingBase monthly customer churn is approximately 2.87%

Eric Beans · 776: TextingBase Shares Margins, Cap Table, Valuation, More · Sep 8, 2017 · at 11:47

Eric Beans, founder of TextingBase, shares SaaS retention metrics with Nathan Latka.

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“Our current turn is about 2.87%, but you know.”

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The claim, plainly

TextingBase's monthly customer churn rate is approximately 2.87%.

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Mentioned

Eric Beans TextingBase

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Assertion Not checkable as stated

Beans: TextingBase is approaching 500 customers

“We're approaching 500.”

Eric Beans Sep 8, 2017 ▶ 3:55 776: TextingBase Shares Margins, Cap Table, Valuation, More

Assertion Not checkable as stated

Beans: TextingBase generates $20K to $25K in MRR

“It's in that area. That's a very solid Virginia tech math.”

Eric Beans Sep 8, 2017 ▶ 4:12 776: TextingBase Shares Margins, Cap Table, Valuation, More

Disclosure

Eric Beans: TextingBase has raised $262,000 in outside capital

“262,000 dollars.”

Eric Beans Sep 8, 2017 ▶ 4:33 776: TextingBase Shares Margins, Cap Table, Valuation, More

Disclosure

Beans: Former AOL COO Kimberly Partoll invested in TextingBase

“You know, we have the former COO of AOL is, is one of our investors.”

Eric Beans Sep 8, 2017 ▶ 4:51 776: TextingBase Shares Margins, Cap Table, Valuation, More

Assertion Not checkable as stated

TextingBase marks up $0.006 wholesale SMS costs to $0.04 per text

“If our cost per message is about a .6 of a penny and we're charging four cents a penny you know, that's kind of a text. Four cents a text.”

Eric Beans Sep 8, 2017 ▶ 6:02 776: TextingBase Shares Margins, Cap Table, Valuation, More

Assertion Not checkable as stated

Beans: TextingBase committed to $12,000 annually with Twilio for volume pricing

“That's our minimum. That's just our 12,000 dollars a year is what we've committed to Twilio.”

Eric Beans Sep 8, 2017 ▶ 8:58 776: TextingBase Shares Margins, Cap Table, Valuation, More

Beans: TextingBase monthly customer churn is approximately 2.87%

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