Assertion certainty 4/5 debate potential 1/5

Rea: Podium grew from zero to $1.8M ARR in 2015

Eric Rea · EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea · Dec 30, 2016 · at 11:05

Eric Rea is co-founder and CEO of Podium, discussing the company's early annual recurring revenue growth.

0:00 / 0:07exact quote · 7.7s
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“We went from zero at the beginning of 2015 to, well, close to zero to 1.8 million in ARR. By the end of 2015.”

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More from Eric Rea

Assertion Not checkable as stated
Rea: Podium's gross monthly customer churn hovers around 1%
“We usually focus on a net churn, but our gross hovers around about one percent monthly, which in our space is extremely good.”
Eric Rea Dec 30, 2016 ▶ 8:46 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Assertion Not checkable as stated
Rea: Podium's average customer lifetime value is about $10,000
“So our LTV, our average LTV is about 10 grand. So if you take, it's about three, three year lifetime.”
Eric Rea Dec 30, 2016 ▶ 10:15 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Assertion Not checkable as stated
Rea: Podium hit $11 million ARR in December 2016
“We just hit eleven million in ARR this month.”
Eric Rea Dec 30, 2016 ▶ 11:31 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Assertion Supported
Eric Rea: Podium Charges $299 per Month per Location
“So we charge it. 299 dollars a month. And that's per location.”
Eric Rea Dec 30, 2016 ▶ 2:31 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Assertion Not checkable as stated
Eric Rea: Podium Customers Pay an Average of $400 Monthly
“So average customers paying us about 400 dollars a month.”
Eric Rea Dec 30, 2016 ▶ 2:57 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
Assertion Not checkable as stated
Podium expanded from 15 to 110 employees over 12 months
“End of 20 15. We had 15 employees. And then today we have a 110.”
Eric Rea Dec 30, 2016 ▶ 4:18 EP 524: Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea
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