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Furutan: Contest Factory is cashflow positive on agency work, not SaaS

Dr. Iman Furutan · 1073 Are 5 Companies at Once Too Many? · Jul 2, 2018 · at 11:21

Dr. Iman Furutan, founder of Contest Factory, discusses his company's cash flow dynamics across business units with host Nathan Latka.

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“On the SaaS part, no, but on the other side, yes.”

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 Dr. Iman Furutan

Assertion Supported
Furutan: Contest Factory owns patents for online contests and voting
“And in fact we, as you mentioned, we own the patents on online contests and voting.”
Dr. Iman Furutan Jul 2, 2018 ▶ 3:13 1073 Are 5 Companies at Once Too Many?
Assertion Supported
Furutan: Partner Russ Regan signed Elton John, Barry White, and Neil Diamond
“My partner is Ross Regan. He's the one who actually signed Elton John and Olivia Newton John and Barry White and Neil Diamond.”
Dr. Iman Furutan Jul 2, 2018 ▶ 2:06 1073 Are 5 Companies at Once Too Many?
Disclosure
Furutan: Contest Factory is entirely bootstrapped and has never raised capital
“It's all bootstrap. I've had the company for many years and never raised any money, even though now I'm being approached by all kinds of investors.”
Dr. Iman Furutan Jul 2, 2018 ▶ 6:24 1073 Are 5 Companies at Once Too Many?
Disclosure
Furutan: Contest Factory custom campaigns average $20,000 in price
“The, it starts as a minimum of about eight grand, and it goes all the way to, you know, to 60 or 70. The average would probably be about 20 grand.”
Dr. Iman Furutan Jul 2, 2018 ▶ 7:54 1073 Are 5 Companies at Once Too Many?
Disclosure
Furutan: Contest Factory revenue grew about 50% over the past year
“Oh, but about 50%.”
Dr. Iman Furutan Jul 2, 2018 ▶ 12:32 1073 Are 5 Companies at Once Too Many?
Prediction Not checkable as stated
Furutan: Contest Factory will do over $2M in revenue in 2018
“We're looking to do over two million, we believe in, in 2018.”
Dr. Iman Furutan Jul 2, 2018 ▶ 12:48 1073 Are 5 Companies at Once Too Many?
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