4.6 • 683 Ratings
🗓️ 26 October 2018
⏱️ 18 minutes
🧾️ Download transcript
Marc Kirshbaum is a business leader, strategic advisor and board member to companies in healthcare, software and information technology. Marc is retained by investors, founders and CEOs to build, grow and turn around businesses that will deliver sustainable and measurable results for investors, employees and customers. Marc has been serving as the CEO of Sococo since August 2017.
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0:00.0 | He's been a hired gun for some of these family offices, private equity firms, got involved |
0:03.4 | with Soco many years ago via a family officer private equity investment. |
0:07.4 | The company, you know, company raised, call it 10 million total all in. |
0:10.0 | It was launched in 2008, helping distributed teams communicate in a way that really not many |
0:14.6 | other people are doing very visual, obviously audio features as well. |
0:18.1 | Today, they're 30 people based between Provo, Oregon, Boston, |
0:21.5 | Europe, and then the rest is a distributed team. They're serving 300 enterprise customers, |
0:24.9 | paying on average 750 bucks a month. So doing about 220 grand, call it around there, |
0:29.7 | per month in revenue, hoping to break a million bucks a month by the end of 2019, |
0:33.6 | and hopefully 3 million in AR by the end here of 2018. They're currently growing at about |
0:37.4 | 60% year over year. |
0:39.1 | So healthy growth, 92% logo and revenue retention. |
0:42.3 | Again, CAC payback period about 13 months. |
0:45.3 | This is the top entrepreneurs podcast |
0:48.5 | where founders share how they started their companies |
0:51.2 | and got filthy rich or crash and burn. Each episode features |
0:58.2 | revenue numbers, customer counts, and other insider information that creates business news |
1:04.8 | headlines. We went from a couple of hundred thousand dollars to two point seven million. |
1:09.2 | They had no money when I started the company. It a hundred and sixty million dollars which is the size of any |
1:13.7 | IPOs we're a bit strapped we have like a 22,000 customers with over five |
1:20.7 | million downloads in a very short amount of time major outlets like Inc are calling us |
1:25.5 | the fastest growing business show on iTunes. |
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