4.6 • 683 Ratings
🗓️ 25 November 2018
⏱️ 22 minutes
🧾️ Download transcript
Jon holds a BS in Industrial Engineering and Operations Research from UC Berkeley and currently resides in Hillsborough, CA with his wife and two daughters. He's a big fan of aquariums and is known for his epic all hands speeches.
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0:00.0 | Start companies earlier. Again, launched ProsperWorks back in 2011. Now it was over 100,000 |
0:05.0 | customers. Those are seats across 10,000 logos. Average seat price in terms of RPA, |
0:10.1 | about 60 bucks a month. You can do your own math there to kind of guess revenue. Eighty-seven |
0:13.9 | million dollars raised to date over 20% year, month over month, sorry, over 20% quarter over quarter |
0:20.7 | growth rate. so fast growing |
0:22.2 | 117% net revenue expansion or retention annually which is obviously healthy he's gotten a little |
0:27.7 | bit more aggressive on cac with the funding but he's also got confidence in the lTV it's gone up |
0:31.9 | because he's done a great job managing churn so less than a six month 16 month payback period |
0:36.7 | comfortable spending up to |
0:37.5 | $1,100 to get that new seat. John, going after the relationship management space, CRM space. |
0:43.9 | This is the top entrepreneurs podcast where founders share how they started their companies |
0:50.0 | and got filthy rich or crash and burn. |
0:55.3 | Each episode features revenue numbers, customer counts, and other insider information |
1:01.0 | that creates business news headlines. |
1:04.7 | We went from a couple hundred thousand dollars to $2.7 million. |
1:07.9 | I had no money when I started the company. |
1:09.8 | It was $160 million, which is the size of any IPOs. |
1:13.2 | We're a bit strapped. |
1:14.2 | We have like 22,000 customers. |
1:18.1 | With over 5 million downloads in a very short amount of time, |
1:22.3 | major outlets like Inc are calling us the fastest growing business show on iTunes. |
1:27.3 | I'm your host, Nathan Latka, |
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