Mommens will not sell LinkCheetah for $120,000 to focus on growth
Francois Mommens · 1349 Blogger Mentions Tool, Now $100k in ARR and CEO Doubling Down · Apr 4, 2019 · at 9:38
Nathan Latka asks Francois Mommens, founder of LinkCheetah, if he would sell the business for $120,000 in cash.
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“So no, I don't want to sell it.”
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 Francois Mommens
Mommens: LinkCheetah revenue projected to maintain 60% annual growth
“And the projections is yes, look, shows that it's going to be the same.”
Half of canceling LinkCheetah users tell exit surveys they plan to return
“So each time somebody can sell, I ask the reason. And so that, that person can choose it on the drop list between several choices and 50% say that they stopped the plan. For now, but they're going to come back later.”
Mommens: LinkCheetah surpasses $100k in annual recurring revenue
“No, we're about above 100,000 annual recurring revenue.”
Mommens: LinkCheetah grew revenue 60% year-over-year for three years
“Increasing my revenue for 60% year over year for the past three years.”
Mommens: LinkCheetah has a monthly churn rate around 10%
“So the churn is really our pain point here. It's around 10%.”
Mommens: LinkCheetah is targeting digital agencies due to lower churn
“So the people who cancel the digital agencies that are customers have a tendency to less cancel subscriptions. So I want to direct the tools to more towards these people. That's what to decrease my churn on the long term. And that's the focus I'm going to put …”