Robin Mellstrand, CEO of Loop 54, shares current customer count and revenue metrics for the e-commerce search company.
0:00 / 0:03exact quote · 3.8s
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“We have a 130 clients, and we are three million dollars there, or 3.1 maybe.”
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More from Robin Mellstrand
Insight
Mellstrand: A SaaS magic number below 0.8 signals no product-market fit
“And if you are about one, you're doing fantastically great.
If you are below 0.8, you may not have a product market fit yet.
You may have to think about more.
You should think about if you really should invest in sales and marketing at that point, because you…”
Robin MellstrandAug 21, 2018▶ 17:051123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+
AssertionNot checkable as stated
Loop 54 processes about one billion search queries monthly
“Right now we are, have about a billion a month.”
Robin MellstrandAug 21, 2018▶ 7:281123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+
AssertionSupported
Loop 54 raised around $3M in total funding
“In total around three million dollars.”
Robin MellstrandAug 21, 2018▶ 8:421123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+
AssertionNot checkable as stated
Loop 54 experienced 6% annual revenue churn
“We had, I believe, a six percent churn in total last year.”
Robin MellstrandAug 21, 2018▶ 9:481123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+
AssertionNot checkable as stated
Loop 54 maintains 100.5% net revenue retention
“Yeah, I think we're at a 100.5%.”
Robin MellstrandAug 21, 2018▶ 10:021123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+
AssertionNot checkable as stated
Loop 54 sees 10.9-month CAC payback on $20,000 customer acquisition cost
“But on average, we are looking at a CAC PP of 10.9 months.
So we are on average.
Last year we paid 20,000 dollars to acquire a customer.”
Robin MellstrandAug 21, 2018▶ 12:491123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+
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