4.6 • 683 Ratings
🗓️ 18 April 2019
⏱️ 23 minutes
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Philip Soffer has been the CEO of test IO since May of 2016, splitting his time between Berlin and the SF Bay Area. Prior to test IO, he held senior leadership roles in product, development, and marketing at Plumtree Software, Lithium Technologies, and Piazza.
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0:00.0 | If you guys love the podcast, you want to get the audible version of my new book, |
0:05.6 | How to Be a Capitalist Without Any Capital at Capitalistbook.com. |
0:10.4 | A user named just Jay on Amazon said this in a review, a four-hour workweek for 2019. |
0:16.9 | He goes on to say, I bought this book because I read somewhere that it was like a four-hour work |
0:20.5 | week of 2019 and it absolutely delivered. |
0:23.1 | The book delivered on both big ideas and has specific actionable templates, including unredacted and minimally redacted emails. |
0:30.2 | This book is not chalk full of self-promotion or useless platitudes, but has broken down into four key rules explained in solid detail and with specific and often amusing |
0:38.3 | anecdotes. Reading this really got my wheels and my head turning of how to be resourceful, |
0:42.7 | which many say is the ultimate trait of a successful entrepreneur. My favorite of the four |
0:47.1 | rules is blank. You have to go read the review to find out. But guys, thanks for supporting me |
0:51.4 | on the podcast. I hope you go grab the book on Audible today at Capitalistbook.com. |
0:57.7 | Cherish the ones you love and also on a business side of things. |
1:00.7 | Remember, there is life outside of academia. |
1:03.5 | He in 2011, well, sorry, not he, but in 2011, Test I.O. |
1:07.6 | was launched by some founders in a couple years later, 2016. |
1:10.7 | After a $5 million round of |
1:11.9 | funding, Philip, joined the company. They're now serving 180 customers, kind of doing functional |
1:16.0 | testing in the SMB space. Each customer is paying caught for five grand per month. They're kind of |
1:20.8 | in the $9 million AR range. Hope going to pass that $10 million mark soon. Net revenue retention, |
1:25.6 | they are flirting with the 100% mark, obviously, |
1:27.6 | really healthy place to get above, willing to spend three to four months of first year ACV on |
1:32.1 | acquisition. Most of that acquisition cost is tied up in a 27 person or 20 kind of person sales. |
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