CustomerHub maintained over $1M ARR for five years under Keap
Kyle Lovett · Keap Acquired CustomerHub For $1-2m in 2011, Founders Bought Back in 2018, Now $500k in ARR · Aug 26, 2021 · at 9:23
Kyle Lovett recounts CustomerHub's revenue performance after it was acquired by Keap (formerly Infusionsoft).
0:00 / 0:13exact quote · 13.0s
720p mp4 · rendered on demand · StarZero watermark
“It got up to a million and a half in annual recurring revenue while, while Keep had it, so. You know, there was probably a five-year stretch of time where it was doing over a million in ARR under the Keep umbrella.”
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 Kyle Lovett
Founders paid more to buy back CustomerHub than Keap originally paid
“They bought it for us for cheaper.”
CustomerHub targets a $10M valuation for its upcoming seed round
“We're shooting for a ten million dollar valuation. So we think with the right growth numbers and stuff, we can get there.”
Founders bought back CustomerHub with 30% cash upfront and 70% financed
“I think it was about 70, 30... 30% cash up front.”
CustomerHub's platform rewrite represented up to $1M in sweat equity
“We did a majority of the work ourselves in rewriting software, but, you know, it took us over a year. So when you consider the going rate of software engineering, software design, product managers and such you know, we probably spent Between five hundred thous…”