Disclosure certainty 4/5 debate potential 1/5

Ruggiero: Prospect.io raised a $60k angel seed round in Belgium

Vincenzo Ruggiero · EP 383: Prospect.io $0 to $17k in MRR in 6 Months, 400 Customers · Aug 11, 2016 · at 6:22

Prospect.io founder Vincenzo Ruggiero discusses the company's early financing with Nathan Latka.

0:00 / 0:12exact quote · 12.4s
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“We just raised a very small seed round with one of my friends and an entrepreneur here in Belgium. They just put, you know, 60 K 66 zero at the beginning.”

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More from Vincenzo Ruggiero

Insight
Ruggiero: Raising big VC is not normal; companies must make money first
“And I don't think this is the normal way to be an entrepreneur. I really believe a company should do money, you know before everything else.”
Vincenzo Ruggiero Aug 11, 2016 ▶ 10:43 EP 383: Prospect.io $0 to $17k in MRR in 6 Months, 400 Customers
Assertion Not checkable as stated
Prospect.io reaches $17,000 in MRR six months after launch
“This month monthly recurring revenue. It's 17 K.”
Vincenzo Ruggiero Aug 11, 2016 ▶ 2:58 EP 383: Prospect.io $0 to $17k in MRR in 6 Months, 400 Customers
Assertion Not checkable as stated
Prospect.io reports $45 ARPU and roughly 400 paying customers
“Today our path with our, yeah, our average revenue per account is 45 dollars. Yeah, per month. And we have four yeah, around 400 customers. Paying customers today.”
Vincenzo Ruggiero Aug 11, 2016 ▶ 4:02 EP 383: Prospect.io $0 to $17k in MRR in 6 Months, 400 Customers
Assertion Not checkable as stated
Ruggiero: Prospect.io added $12K of its $17K MRR in two months
“For example, in May and June, we did 12 of this, of the 17.”
Vincenzo Ruggiero Aug 11, 2016 ▶ 11:30 EP 383: Prospect.io $0 to $17k in MRR in 6 Months, 400 Customers
Assertion Not checkable as stated
Ruggiero: Prospect.io monthly revenue churn is 1%
“The revenue churn is one percent.”
Vincenzo Ruggiero Aug 11, 2016 ▶ 13:49 EP 383: Prospect.io $0 to $17k in MRR in 6 Months, 400 Customers
Disclosure
Ruggiero: Prospect.io does not use paid advertising for customer acquisition
“So we don't do you know direct marketing like paying advertising or things like that.”
Vincenzo Ruggiero Aug 11, 2016 ▶ 4:41 EP 383: Prospect.io $0 to $17k in MRR in 6 Months, 400 Customers
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