David Braun, founder of Weblium, explains why DIY website builders like Wix and Squarespace fail to satisfy small business customers.
0:00 / 0:11exact quote · 11.5s
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“People do not want to do it in do it yourself mode. Because the websites at the end are crap. You know, when you take a look, you see that, you know, like those websites are crappy, really.”
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More from David Braun
AssertionNot checkable as stated
TemplateMonster operated at an unusually high 70% net profit margin
“No, no, no.
[366] David Braun: We was like super profitable.
[367] David Braun: It was 70% margin.”
David BraunJan 28, 2019▶ 6:051283 $100m Exit Was $45m Cash Upfront, Using To Launch New $10/mo Website Builder with 3250 Customers
AssertionNot checkable as stated
Weblium acquires customers with zero ad spend by partnering with banks
“So I already signed up five most the biggest banks in the Ukraine. We work with two banks in Austria right now. One big banking group, which is covering 26 countries is right now, like we are signing up the contract. So actually, actually, we do not spend any …”
David BraunJan 28, 2019▶ 13:451283 $100m Exit Was $45m Cash Upfront, Using To Launch New $10/mo Website Builder with 3250 Customers
Disclosure
TemplateMonster's $100M sale in 2013 included $45M in upfront cash
“A cash up front was about 45.”
David BraunJan 28, 2019▶ 7:081283 $100m Exit Was $45m Cash Upfront, Using To Launch New $10/mo Website Builder with 3250 Customers
AssertionNot checkable as stated
Weblium projects a 5-6 year customer lifetime value of $600-$700
“So LTV is around five to six years. So we basically return after investing into site creation, we're getting back 600 to 700 bucks.”
David BraunJan 28, 2019▶ 17:101283 $100m Exit Was $45m Cash Upfront, Using To Launch New $10/mo Website Builder with 3250 Customers
Insight
Braun advises waiting six months post-divorce before negotiating future arrangements
“There is a grace period. It's like when she's like really mad at you because you kind of, you know, like disappointed her. So wait until the grace period ends. Usually it's about six months. Then go and talk about the future.”
David BraunJan 28, 2019▶ 2:301283 $100m Exit Was $45m Cash Upfront, Using To Launch New $10/mo Website Builder with 3250 Customers
AssertionNot checkable as stated
TemplateMonster reached $1M in sales in two years
“So like we asked him to create 31st templates we published online and within first couple of months we took, we got like 70,000 dollars in sales.
[324] David Braun: And after two years, we got like one million dollars in sales.
[327] David Braun: Then I create…”
David BraunJan 28, 2019▶ 5:131283 $100m Exit Was $45m Cash Upfront, Using To Launch New $10/mo Website Builder with 3250 Customers
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