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Facelift co-founders sold company to strategic investor DuMont via equity swap
“And then in 2017, we sold, we started selling the company to a strategic investor. Where we now have a share on the holding structure. So we swapped basically.”
Teo Töpper admits Facelift sold too early and missed VC growth
“And I mean, if I look back, I think we sold too early.
Yeah.
Or we could have raised more to a fairly good valuation at that time.
And back then in 2017.
And I think we have grown much, we could have grown faster with more VC money inside.”
Facelift raised $15M roughly three and a half years post-launch
“No, we have raised after, after three years, three and a half years, we have raised fifteen million.”
Töpper: Facelift operates at approximately a 30% profit margin
“I mean, we have around, let's say, 3030 30% margin, so you can calculate it.”
Töpper: Facelift pays sales reps a 10% commission on new deals
“It's about 10% of the new best sale to be very concrete.”
Töpper: Facelift gross revenue churn was around 20%
“The growth revenue churn the churn was about 20%.”
Facelift's largest enterprise customer generates $50,000 monthly revenue
“The highest AR is about 50,000.”
Facelift's largest client deploys platform to 30,000 insurance agents
“That's a client. It's from the insurance business. They have a lot of agents in the field and everyone for them is using our product in terms of getting the social strategy right on the ground. And they have about. 30,000 users running live on the system.”