The Ledger
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Mockroff: Unequal co-founder equity splits create long-term resentment and instability
“Yeah, like I think, and not just me that it gets really tough. Like if the split is not equal because then it's kind of like who's putting in like more, you know, hours or like more nerves and so on. And that's like not a very stable, I believe a combination, …”
Mockroff: GetApp attracts a more technical developer audience than Capterra
“Get up, I think works for us more because get up seems to have like more technical audience versus Capterra or like more like developers looking for tools there.”
Mockroff: 40% of Bird Eats Bug signups come from word of mouth
“In our case, we have. 40% of signups coming through word of mouth, which is like crazy.”
Bird Eats Bug converts 6% of its free signups to paid tiers
“Six percent of all of the signups are now in paid tiers.”
Bird Eats Bug acquires users for under 10 euros per signup
“From the signups, I think we're paying like less than 10 euros per sort of signup.”
Bird Eats Bug lost enterprise leads lacking SSO, SOC 2, and self-hosting
“A few bigger companies reached out to us like with thousands of people and we couldn't cater to them because all of them wanted things like single sign on, for example, self-hosted solution, and also SOC two and ISO 2001 certifications.”
Bird Eats Bug sold 20% to 25% equity at a $6M post-money
“Like we gave about like 20, 25% equity. So like about six million.”
Bird Eats Bug retains 30% of its free users by week 10
“About 30% of people staying in week 10 and that really depends on the on the role... Are still 30% are still there, are still reporting at least one bug a week.”
Bird Eats Bug sees a maximum 1% to 2% monthly paid churn
“Like, for paid customers that's I cannot give you the specific numbers, but that's, like, we have, like, one percent, one or two percent churn, like, month over month max.”
Mockroff: Bird Eats Bug reached #5 Product of the Day on launch
“And I think two months later, we already launched the MVP. So like the minimum viable product on product hunt, and we got to number five product of the day.”
Bird Eats Bug processes roughly 6,000 bug reports per month
“We have about 1600 bugs a week. So that, that would be like what? 6000 a month roughly.”