4.6 • 683 Ratings
🗓️ 22 January 2019
⏱️ 22 minutes
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Ben is the founder of Privy.com, a marketing automation platform used by over 250,000+ marketers around the globe. Ben has worked with companies like Leesa, Hubble Contacts, Life Time Fitness, the Ellen Show, Dr. Axe and many more to rapidly accelerate ecommerce conversions and sales.
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0:00.0 | launched the company after a pivot really in 2015 really focused on helping e-commerce brands build |
0:04.7 | their email list and then once obviously they're helping you manage all these emails and these leads |
0:08.5 | they're doing a lot of life cycle emailing related things today ranked very high in the app store at |
0:13.1 | shopify that's a core strategy of theirs across many other partners as well they now have over |
0:17.2 | 5,000 paying customers paying a minimum of 50 bucks a month, so 250 grand |
0:21.5 | in monthly recurring revenue. |
0:23.2 | That's up more than double year every year. |
0:24.9 | They're doing about 100 grand per month back in June 2017. |
0:28.1 | 4 million raised, 3% gross revenue churn per month. |
0:31.8 | They're above 100% net revenue retention annually today with about $100 KAC, two to three month payback, |
0:38.0 | and that's just, that's only on select cases where they're actually spending money growing. |
0:41.9 | Their team of 20 is all based up there in Boston. |
0:45.0 | This is the top entrepreneurs podcast where founders share how they started their companies |
0:50.9 | and got filthy rich or crash and burn. |
0:56.3 | Each episode features revenue numbers, customer counts, and other insider information |
1:02.0 | that creates business news headlines. |
1:05.6 | We went from a couple of hundred thousand dollars to $2.7 million. |
1:08.9 | I had no money when I started the company. |
1:10.8 | It was $160 million, which is the size of any IPOs. |
1:14.2 | We're a bit strapped. |
1:15.1 | We have like 22,000 customers. |
1:19.1 | With over 5 million downloads in a very short amount of time, |
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