Mark Rutzen, co-founder and CEO of Enodo, discusses the company's financial milestones and recurring revenue run-rate.
0:00 / 0:02exact quote · 2.6s
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“We're closer to a million ARR right now.”
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More from Mark Rutzen
AssertionNot checkable as stated
Rutzen: Enodo Screens 100 Properties in One-Tenth the Typical Time
“We help you do that hundred properties part in about a 10th of the time it would typically take.”
Mark RutzenJan 19, 2020▶ 3:111639 How This Company Hit $10M Valuation Serving Real Estate Value Investors
Disclosure
Rutzen: Doubling Marketing Spend to $10K Yielded Little Benefit for Enodo
“We don't have a huge advertising cost and we've actually, we ramped it up and then we reduced it because we found that it didn't improve a whole lot to spend, you know, 10 grand versus five grand. It didn't make a huge difference. So we're at about a five gran…”
Mark RutzenJan 19, 2020▶ 11:221639 How This Company Hit $10M Valuation Serving Real Estate Value Investors
Disclosure
Rutzen: Enodo is raising $1.5M at a $10M valuation
“We're raising 1.5 priced at ten million.”
Mark RutzenJan 19, 2020▶ 15:161639 How This Company Hit $10M Valuation Serving Real Estate Value Investors
Disclosure
Rutzen: Enodo prices SaaS tiers between $100 and $500 per month
“The top tier is 500 a month and the bottom tier is 100 a month.”
Mark RutzenJan 19, 2020▶ 1:551639 How This Company Hit $10M Valuation Serving Real Estate Value Investors
Disclosure
Rutzen: Enodo partners with major national lenders for bulk platform data
“We have partnerships with major national lending groups, our lenders that that feed data in bulk into the platform.”
Mark RutzenJan 19, 2020▶ 3:451639 How This Company Hit $10M Valuation Serving Real Estate Value Investors
Disclosure
Rutzen: Enodo's $2.2M Note Had a 20% Discount and $5M Valuation Cap
“Yeah, we capped it at 2.2. And then we won a 20% discount and five million value cap on that.”
Mark RutzenJan 19, 2020▶ 8:471639 How This Company Hit $10M Valuation Serving Real Estate Value Investors
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