This episode carries Kevin Moenne-Loccoz's own address, with nobody on the show putting
questions to them. It still counts as said, and it is kept out of every score on their page.
Kevin Moenne-Loccoz, co-founder of Lemlist, explains how user feedback in their community led to building a standalone spin-off product.
0:00 / 0:12exact quote · 12.3s
720p mp4 · rendered on demand · StarZero watermark
“The first one is creating a whole product, generating today two million dollars in annual recurring revenue, just based on a community discussion that we had within our Facebook group, within the community that we built.”
quote is from the automated transcript, cleaned for reading:
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More from Kevin Moenne-Loccoz
Disclosure
Lemlist hired early videographers and delayed hiring salespeople until $1M ARR
“We had a team of up to 10 people in the video team out of a hundred, out of 80 to a hundred people and that was a significant investment compared to most of the SaaS companies that you see. Even at the beginning of the company, I think it was the second or the…”
Kevin Moenne-LoccozJun 18, 2024▶ 9:58Lemlist Product Genius Shares Strategy, $23,000,000 in Sales (ARR), No Outside Funding
Disclosure
Lemlist turned down $20M and $30M investment offers to remain fully bootstrapped
“And then all of that, of course, attracted a lot of investors' attention, where we had a twenty million dollar investment proposal that we turned down before turning down a thirty million dollar investment, simply because we don't need the funds.”
Kevin Moenne-LoccozJun 18, 2024▶ 19:58Lemlist Product Genius Shares Strategy, $23,000,000 in Sales (ARR), No Outside Funding
AssertionNot checkable as stated
Lemlist reaches $23M ARR and day-one profitability with zero outside funding
“So we're currently at twenty three million dollars in annual recurring revenue with approximately 10,000 free trials per month, a bit over that, with zero dollars in funding, profitable since day one, with five SaaS products and about 80 employees.”
Kevin Moenne-LoccozJun 18, 2024▶ 0:42Lemlist Product Genius Shares Strategy, $23,000,000 in Sales (ARR), No Outside Funding
Disclosure
Lemlist serves 50,000 customers and refuses to move upmarket to enterprise
“All of this with 50,000 customers worldwide, focusing on SMBs. We're not going up markets, and we're focusing on bringing as much value as possible as small businesses.”
Kevin Moenne-LoccozJun 18, 2024▶ 1:50Lemlist Product Genius Shares Strategy, $23,000,000 in Sales (ARR), No Outside Funding
AssertionNot checkable as stated
Lemlist sold Lempod at $600K ARR before LinkedIn banned engagement pods
“We sold that business when it was doing 600 K in annual recurring revenue, and it was right before LinkedIn completely went against the pods and were very aggressive against them, so I don't recommend using pods anymore, even if Lempod is still active from the…”
Kevin Moenne-LoccozJun 18, 2024▶ 7:58Lemlist Product Genius Shares Strategy, $23,000,000 in Sales (ARR), No Outside Funding
Insight
Lemlist found Product Hunt launches are becoming less effective for software distribution
“But as we do more Product Hunt launches, the impact, unfortunately, is going down, and it's not as effective as it was before.”
Kevin Moenne-LoccozJun 18, 2024▶ 11:34Lemlist Product Genius Shares Strategy, $23,000,000 in Sales (ARR), No Outside Funding
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