4.6 • 683 Ratings
🗓️ 14 August 2018
⏱️ 20 minutes
🧾️ Download transcript
Mike Donnelly is the CEO & Founder of Seventh Sense, which is a system that optimizes the timing and frequency of email for sales and marketing professionals. The idea was conceived during Mike's 13 year career as an individual contributor and sales leader for emerging enterprise technology companies.
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0:00.0 | start a business earlier, although it sounds like he had a lot of success. And as an enterprise sales, |
0:04.3 | we're at building up a nice little nest egg. He then said, you know what? I want my nest egg to become |
0:08.1 | a little bit more risky. I'm going to throw some of that money in 2015 at, again, the new company |
0:13.4 | 7th Sense, which is helping folks understand better times to send their emails to increase open, |
0:19.2 | click through, and conversion rates. |
0:26.6 | He scaled it to about 10 grand per month in December 2016, grew well over 3x year-over-year, |
0:32.1 | now doing over 30 grand per month across about 150, 36 customers paying $225 a month, |
0:37.2 | too early to get too deep on unit economic stuff, but his team of three in Northern Virginia growing the company. |
0:38.6 | This is the top entrepreneurs podcast where founders share how they started their companies and got |
0:45.3 | filthy rich or crash and burn. Each episode features revenue numbers, customer counts, |
0:53.9 | and other insider information that creates business news headlines. |
0:59.4 | We went from a couple hundred thousand dollars to $2.7 million. |
1:02.6 | I had no money when I started the company. |
1:04.6 | It was $160 million, which is the size of any IPOs. |
1:08.0 | We're a bit strapped. |
1:08.9 | We have like 22,000 customers. With over five million |
1:14.5 | downloads in a very short amount of time, major outlets like Inc are calling us the fastest |
1:19.6 | growing business show on iTunes. I'm your host, Nathan Latka, and here's today's episode. |
1:27.4 | Hello, everyone. My guest today's episode. Hello everyone. |
1:28.2 | My guest today is Mike Donnelly. |
1:30.1 | He's the CEO and founder of Seventh Sense, which is a system that optimizes the timing |
1:33.9 | and frequency of email for sales marketing professionals. |
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