Polo: AcademyOcean Churned 4 Customers Out of 19 Total
Vladimir Polo · 1205 The Art of Your First $3k in ARR with Ukrainian CEO Vladimir Polo · Nov 11, 2018 · at 8:07
Vladimir Polo discusses AcademyOcean's customer churn numbers and notes that the product proved more effective for SaaS businesses.
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“Yeah, we've lost four of them. Two of them was not were not SaaS companies. That's like one more we've tried to help Not only SaaS companies, and we found that it's much more useful for SaaS companies. So, yep for, from total of 19, yep.”
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More from Vladimir Polo
Polo: Ukrainian software developers average $1,000 to $4,000 per month
“I think average from 1000 to 4000 per month. Like it depends and it depends on is it just an outsource company working for like for a contract or is the startup where they have a share”
Polo: AcademyOcean raised $100,000 from Netpeak for 10% equity
“Actually, we've got an investment from Netpeak. It's one of the edges is, it was 100 K for 10%.”
Polo: AcademyOcean has roughly six months of cash runway remaining
“Yeah, we have around half of a year.”
Polo: AcademyOcean operates on roughly $7,000 in monthly expenses
“No, it's less. It's we've spent some money before, so it's around seven.”
Polo: Half of AcademyOcean clients use customer academies for lead generation
“Actually half of our clients use academies directly to teach their current customers. About how to use a product or about how to use new features. And another half are using academies in a very interesting way. They use it as a brand new content marketing tool…”