Rea: Podium hit $11 million ARR in December 2016
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 11:31
Eric Rea is co-founder and CEO of Podium, sharing company revenue milestones at the end of 2016.
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“We just hit eleven million in ARR this month.”
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“We usually focus on a net churn, but our gross hovers around about one percent monthly, which in our space is extremely good.”
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“So our LTV, our average LTV is about 10 grand. So if you take, it's about three, three year lifetime.”
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“So we charge it. 299 dollars a month. And that's per location.”
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