Filippo Barattini, founder of SaaS tools LamaFi and Sturpy, details the equity breakdown between himself and his co-founder.
Insight
Barattini: Cancellation surveys should prioritize multiple choice over open text
“You try to give them a multiple choice answers and the options that you provide them are usually things that you want to, like that you have a sense that might be an issue. That's also what we recommend to our users. Like if you know that you may, might have a…”
Insight
Barattini: Most SaaS founders do not know why customers cancel subscriptions
“We see that most founders don't know why people are canceling. They're more focused around the product onboarding, which is totally understandable.”
Assertion Not checkable as stated
LamaFi took one week to build internally, months to package for customers
“Oh, okay, so building for us was week, like, one week, maybe. Yeah, we have a good Engineering team. And then, but then packaging it and transforming into a solution that can work for others. It took a bit more, like a couple of months maybe.”
Assertion Not checkable as stated
Barattini: Sturpy churn is driven by customers no longer needing financial models
“So main one for us, which is very specific to our case, it's like we no longer need it. Because like, imagine a financial model that you need, ah, you do it once, maybe you check it every couple of months, but it's not something that you, ah, spend a lot of ti…”
Assertion Not checkable as stated
Barattini: Manga reader apps have reached 1 million combined downloads
“And so they got the app down, then I had to upload another one, but combined all the apps have like one million downloads.”
Assertion Not checkable as stated
Barattini: Manga reader app made $7K to $8K in its best month
“In my best month, I was doing a seven to eight”