The Ledger
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Jones: Founders will never find more founder-friendly terms than Y Combinator's
“I strongly encourage everyone to go through the program because you're never going to receive any more founder friendly terms than what Y Combinator offers.”
Jones: Sending 100 invites yields 3 to 5 influencer signups
“You send out a hundred invites, you might get three to five influencers join your program.”
Jones: GrowSumo beats Commission Junction and Influitive in head-to-head sales
“So right now we're winning battles against commission junction, which is an affiliate network, a very, very large affiliate network. And we're also winning battles against platforms like influitive, which isn't really an influitive yet.”
Jones: Successful SaaS affiliate programs pay 15% to 20% to influencers
“Right, so the average programs and the one we see to be very successful is they're paying 15 to 20% out to the influencers and it's working for everyone.”
Jones: SaaS companies pay affiliate commissions for 12 to 24 months
“People are paying between 12 and 12, 12 and 24 months for that.”
Jones: GrowSumo charges enterprise clients $10k annually plus 10% payout fee
“The enterprise account is 10,000 dollars annually. In addition to this, we take a 10% fee on all payouts that you make over to your influencers.”
Jones: GrowSumo grew 50% month-over-month since September 2016
“What I can say is that we've grown 50% month over months in September.”
Jones: GrowSumo has over 70 paying customers
“So right now we're working with over 70 paying customers, which is great for our business.”
Jones: Influitive pays advocates in gift cards while GrowSumo pays cash
“Where we differentiate from a platform like influitive is we let people get paid cash for it. Influitive just pays, you know, gift cards and that type of thing.”
Jones: Y Combinator invests $120K via priced common stock and a SAFE
“Now it's one 20, 20% or 20,000 dollars of it is invested in common share. So it's a priced round. And then the other a 100,000 dollars is invest, invested on a safe.”
Jones: GrowSumo generated over $100k in monthly recurring revenue for customers
“But what I can say is we're, we've driven over a 100,000 dollars in recurring monthly revenue for our customers to date.”