Adam Sabin, co-founder and CEO of PeopleGrove, shares customer traction figures for the university and enterprise mentorship platform.
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“A 170 institutions.”
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More from Adam Sabin
Insight
Universities resist per-seat software pricing due to budget certainty needs
“Universities it's tough, tough for them to do per seat cause they need certainty of budget.”
Adam SabinApr 19, 2019▶ 3:571364 Are you being acquired? "No comment"
AssertionNot checkable as stated
PeopleGrove was down to $20K in the bank before closing Stanford
“We had our initial convertible notes at 500 K. We were down to 20 K in the bank.”
Adam SabinApr 19, 2019▶ 8:071364 Are you being acquired? "No comment"
AssertionNot checkable as stated
PeopleGrove approaches $4 million in ARR
“Oh, you know, running towards four.”
Adam SabinApr 19, 2019▶ 5:481364 Are you being acquired? "No comment"
AssertionSupported
PeopleGrove has raised $2.5M in total funding
“So I have this whole other story of a failed company, but this particular one see around was 1.8. And then we had some convertible notes. So a 2.5 total.”
Adam SabinApr 19, 2019▶ 6:321364 Are you being acquired? "No comment"
AssertionNot checkable as stated
PeopleGrove's cash balance equals the exact amount raised a year prior
“Like cash balance wise, the amount of money we raised a year ago is the exact balance we have today.”
Adam SabinApr 19, 2019▶ 9:511364 Are you being acquired? "No comment"
AssertionNot checkable as stated
PeopleGrove maintains 96% logo retention, with only four churned customers
“Customer logos, 96%. So of our 170, I think four total have churned.”
Adam SabinApr 19, 2019▶ 10:351364 Are you being acquired? "No comment"
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