Smith: Collabogence had only one paying customer throughout 2019
Peter Smith · Collabogence Pivoting from $300k Agency, Raising $1.5m on $5m Pre? · Jan 20, 2021 · at 13:09
Peter Smith, founder and CEO of Collabogence, discusses customer concentration and 2019 revenue with Nathan Latka.
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“Oh, it would just be the one big bank that we've been working with.”
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“No, at this point in time, we're not paying them.”
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“We see that going up to probably a run rate of close to a million by the second half of this year.”
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“So if you had a group of 500 people, what we actually saw was an increase of well over 30% Of that measure that we had. So there was a significant benefit of them sharing the space with each other.”
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“So this is something that depends on the number of data sets that, or applications that data is pulled from, and the number of people that are used, but it typically ranges in anywhere in between two to five dollars per month per person.”