4.6 • 683 Ratings
🗓️ 25 November 2019
⏱️ 18 minutes
🧾️ Download transcript
Mike Preuss is the CEO & Co-founder of Visible. He's from the Midwest and lives in Chicago. He attended Indiana University and also an alumni of the Orr Fellowship. He was previously the head of Business Development for Formspring based in San Francisco.
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0:00.0 | Visible VC helps you get more accurate updates up to your investors quickly and more efficiently. |
0:04.6 | Founded in 2014 spun out of kind of an investment firm. |
0:07.7 | Now, about $1.1 million raise serving about 600 customers paying about $150 per month. |
0:12.4 | So just past a million bucks in terms of run rate. |
0:14.9 | Growing about 200% year over year, healthy economics, less than 2.5% revenue churn per year. |
0:19.6 | Just now experimenting with paid spend. |
0:21.5 | Obviously, it won't go over a 12-month payback period. Team of five in Chicago and other remote |
0:25.6 | locations. Hello, everyone. My guest today is Mike Proust. He's the CEO and co-founder |
0:30.5 | of a company called Visible. He's from the Midwest and lives in Chicago, attended at Indiana |
0:34.1 | University and is also an alumni of the Or Fellowship. He was previously the head of business development for FormSpring based in San Francisco. |
0:40.4 | Again, now running visible.Vc. |
0:42.5 | Mike, are you ready to take us to the top? |
0:44.4 | I am. |
0:45.5 | All right. |
0:46.0 | So I think you play in kind of the investor update space. |
0:49.6 | Talk to us about what Visible VC is doing and how you make money. |
0:53.1 | Yeah, so Visible VC is is doing and how you make money. Yeah. So VisibleVC is a web software application. |
0:57.6 | We're a SaaS-based business. |
0:58.7 | So recurring revenue is kind of our go-to business model. |
1:02.5 | And customers are really buying our solution to report data, updates, KPIs back to their |
1:08.9 | investors, potential investors, and their team. |
1:12.9 | And so, look, I'm in LPN a couple of funds and, like, you know, the fund managers will send |
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