Matt Ekstrom, co-founder of Prospectify, breaks down the company's fixed monthly payroll burn across four employees.
0:00 / 0:04exact quote · 4.9s
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“Think about probably averaging 20 nine or 30.”
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More from Matt Ekstrom
Disclosure
Prospectify closes unannounced $1M angel round in Phoenix
“For this round, we actually just closed our first round. It's not been made public yet, but it's local angels. It's a million dollar round post.”
Matt EkstromJan 28, 2017▶ 5:18EP 553: Prospectify Raises $1M at $4M Post Money Valuation, $25k MRR, for Better Prospecting with CEO Matt Ekstrom
Disclosure
Ekstrom: Prospectify used FullContact before building proprietary web crawlers
“We said we didn't use a full contact for sure on the people side, but really that was at a time when we were really trying to validate the concept and we've now built our own proprietary crawlers.”
Matt EkstromJan 28, 2017▶ 11:36EP 553: Prospectify Raises $1M at $4M Post Money Valuation, $25k MRR, for Better Prospecting with CEO Matt Ekstrom
AssertionNot checkable as stated
Ekstrom: Prospectify's average customer pays $352 monthly
“Three 52.”
Matt EkstromJan 28, 2017▶ 3:34EP 553: Prospectify Raises $1M at $4M Post Money Valuation, $25k MRR, for Better Prospecting with CEO Matt Ekstrom
AssertionNot checkable as stated
Prospectify reached $20k MRR as a two-person team
“We got to 20 K MRR when it was just me and me and Noah, my co-founder, that was it. And we were overwhelmed at that point with customers and users on a daily basis, trying to do support, trying to do everything that a business needs to do. Including continuing…”
Matt EkstromJan 28, 2017▶ 6:38EP 553: Prospectify Raises $1M at $4M Post Money Valuation, $25k MRR, for Better Prospecting with CEO Matt Ekstrom
AssertionNot checkable as stated
Ekstrom: Prospectify annual customer churn is less than 5%
“It's less than five percent churn.”
Matt EkstromJan 28, 2017▶ 8:47EP 553: Prospectify Raises $1M at $4M Post Money Valuation, $25k MRR, for Better Prospecting with CEO Matt Ekstrom
Disclosure
Ekstrom: Prospectify Plans Per-Seat Pricing With Unlimited Prospecting Credits
“We're going to have a set monthly per seat license to our company search and we'll extend our plan is to extend unlimited credits on the prospecting side for anybody that has a seat with our company search.”
Matt EkstromJan 28, 2017▶ 14:16EP 553: Prospectify Raises $1M at $4M Post Money Valuation, $25k MRR, for Better Prospecting with CEO Matt Ekstrom
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