LeadGenius spent $200K to $300K building its initial MVP
Prayag Narula · LeadGenius Hits $10m in Revenue, Growth Slow at 50% YoY Considering $25m Raised · Dec 11, 2020 · at 4:55
Prayag Narula, founder and executive chairman of LeadGenius, details the company's early development costs while he was a graduate student at UC Berkeley.
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“It was probably about a few 100,000 dollars, like two or 300,000 dollars, but it wasn't that much.”
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LeadGenius spends $20K to $25K to acquire each enterprise customer
“I think 20, 25,000 dollars is probably, ah, probably something we'll spend.”
LeadGenius contracts range from $2K monthly to seven-figure annual deals
“On the low end, anywhere between, you know, two to 3000 dollars a month on a high end, so that becomes, you know, what, like 30, 40,000 dollars a year on the high end, which a lot of our customers are, could be, you know, high six figures and even seven figure…”
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“I think five to 10 grand a month six or seven to 10 grand a month is probably used.”
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“Last round was thirteen million you know, that should last us, say, two to three years.”