Retention.com expects to generate $11 million in net profit in 2024
Adam Robinson · Adam Robinson Shares Profit and Loss, $22m Revenue, Strategy behind Linkedin and Lawsuit · Oct 17, 2024 · at 17:05
Adam Robinson discusses balancing his mature cash-cow product, Retention.com, alongside the newer product RB2B with Nathan Latka.
0:00 / 0:05exact quote · 5.9s
720p mp4 · rendered on demand · StarZero watermark
“It's making eleven million dollars of profit this year, so it's exciting for the founders.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Adam Robinson
Robinson: Successful founders should take millions yearly instead of awaiting exits
“If you create a successful startup I believe that you should make millions of dollars every year, and not just be waiting for this maybe exit, or like maybe secondary, that maybe will happen, but maybe will not, probably will not.”
6sense demanded a 3x price increase six months before contract expiration
“It's six months before the contract expires. They're like, we're gonna triple your price and hang up the phone.”
Zero-MRR startups can run outrageous marketing because they lack a brand
“You don't have a brand when you're zero MRR. Like, you can do outrageous things with zero consequence, as far as I can tell. Like, The worst thing that happens is you just start over and everyone forgot what you were doing in the first place.”
Robinson paid himself $4 million from Retention.com last year
“I paid myself four million dollars last year”