Trust your gut. Don't tolerate toxic people. Founded Foxy. Back in it, start off as Foxy Cart. Back in

2006, they've processed now over $2 billion in transaction volume. And while that number is

impressive, most of their revenue actually comes from their SaaS model. I've got over 1,000

people between $1,000 and $5,000 paying $20,000 or more per month. So doing between 20 grand a month and 100 grand per month, two percent logo churn per month,

which is really low. That's actually super healthy. When they tested customer acquisition in a paid

model, they spent about 100 bucks to acquire customer. We're actually north of 100 bucks to acquire

customer. Lifetime value north of 50 months with that 2% churn, healthy lifetime value,

somewhere around a grand. They do their own calculations, though, on that with their team of 10 based remotely

throughout the U.S. and around the world.

This is the top entrepreneurs podcast where founders share how they started their companies

and got filthy rich or crash and burn. Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines.

We went from a couple hundred thousand dollars to $2.7 million.

They had no money when I started the company.

It was $160 million, which is the size of any IPOs.

We're a bit strapped.

We have like 22,000 customers.

With over five million downloads in a very short amount of time, major outlets like Inc are calling

us the fastest growing business show on iTunes. I'm your host, Nathan Latka, and here's today's

episode. Hello, everyone. My, and here's today's episode.

Hello, everyone.

My guest today is Brett Floreo.

He's a full-time traveler and co-founder product manager at a company called Foxy.io.

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