The Ledger
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Freund: Lease Leads recurring customer churn is under 1%
“So you know, it's probably less than one percent. I would say it's been early on so far with the recurring”
Freund: Enterprise real estate software cannot be fully standardized into templates
“That's kind of where I would totally echo that service-based sentiment is like these guys, you know, this industry, especially at the enterprise level, I don't think you can always fit them in a template. You know, a lot of these companies have custom solution…”
Freund: Took larger equity split than CTO for ideation and customer acquisition
“We did not. No, we split it a little bit differently just because you know, ideation kind of premium and bringing the customers and things of that sort.”
Freund: Real estate agency hit $1.75 million in revenue in 2020
“20, 20 we did about one point about one and three quarter million revenue.”
Freund: Lease Leads has about 70 virtual leasing agent customers
“We have about 70 customers total on that.”
Freund: Lease Leads generates about $80,000 per month in total revenue
“So all in, we're doing about 80,000 dollars a month in total.”
Freund: Lease Leads will reach $1M trailing 12-month revenue in 2022
“I would say yes in a trailing 12 month. We had a little bit of a slow start, but yeah, if you take a trailing 12 month here towards the end of the year, we'll, we'll be looking at a million dollars.”
Freund: Lease Leads was bootstrapped from agency cash from day one
“Totally bootstrapped. Yeah. We bootstrapped from day one. I took the cash from the agency and rolled it over into this venture.”