PicBackMan suffers from brutal double-digit monthly customer churn
Vaibhav Domkundwar · 1701 How He Turned 50k Free Users into $12k in MRR · Mar 21, 2020 · at 13:13
Vaibhav Domkundwar details the retention metrics and high churn rate of his photo backup application PicBackMan.
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“You know, I don't know the exact number, but we are in double digits, so we're very high.”
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More from Vaibhav Domkundwar
PicBackMan claims operating profitability only by excluding R&D costs
“There's a lot of product development R and D costs that, that if we take away on a month to month basis, we are profitable now.”
Better Capital was AngelList India's top syndicate in 2018
“And last year in 2018, we were the number one Angelist India syndicate.”
Better Capital deployed up to $3M across 16 deals in 2018
“So, you know, I can give you the exact numbers, but we did 16 deals, and we were somewhere in the let's say about two million to three million dollars largely in Indian companies, so it's a significant amount.”
PicBackMan converted 50k free users to hit $12k in MRR
“So we have about 50,000 plus users in 130 countries, and we have paid users that are a fraction of that. We hit about 12,000 dollars in revenue last month.”