Ulrich Branner, CEO of GenieBelt, explains that the company surpassed its initial conservative revenue budget for 2017.
0:00 / 0:05exact quote · 5.5s
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“We were expecting to hit just around, I think 70, 72,000”
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More from Ulrich Branner
AssertionNot checkable as stated
GenieBelt achieves 149% net revenue retention
“It's a negative with it's a 149% in, in, in negative churn.”
Ulrich BrannerDec 18, 2017▶ 4:53877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
Disclosure
GenieBelt co-founders split equity evenly in a 'band of brothers' approach
“Well, we have, I think we have something that is unique that we call the band of brothers which means that we're all in it for the same end game, which means that, that, that we split evenly, right?”
Ulrich BrannerDec 18, 2017▶ 10:45877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
AssertionNot checkable as stated
Branner: GenieBelt high-tier logo retention is 100%
“The local retention in, in the high end of this series is actually a hundred percent right now.”
Ulrich BrannerDec 18, 2017▶ 7:38877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
AssertionSupported
Construction operates at 30% efficiency primarily due to poor communication
“The construction industry has an efficiency rate of 30%. 30% of the time you'll be working. 70% of the time you won't be working. The prime reason for this is bad communication and collaboration.”
Ulrich BrannerDec 18, 2017▶ 14:20877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
AssertionSupported
Construction is the world's least digitally mature industry except for hunting
“The maturity, the digital maturity of the industry is the lowest in the world, except hunting.”
Ulrich BrannerDec 18, 2017▶ 15:28877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
AssertionNot checkable as stated
GenieBelt averages •500 monthly per customer on 26-month contracts
“Just around 500 euros is the average globally per month, and that's on a, an average 26 month deal.”
Ulrich BrannerDec 18, 2017▶ 3:46877 SaaS: Construction Team Management App Passes $1m ARR Using 500 Sausages and Beer
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