4.6 • 683 Ratings
🗓️ 28 January 2020
⏱️ 18 minutes
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0:00.0 | launching the company back in 2016, spinning it really out of the agency, |
0:03.6 | up Fluence and influencer marketing platform. |
0:05.2 | They've just passed $4 million in terms of ARR, another $2 million on top of that in terms of |
0:09.0 | professional services revenue. |
0:11.1 | They have 1,000 customers currently. |
0:13.5 | That's what they just passed. |
0:14.3 | They just recently raised $4 million in equity. |
0:17.2 | 62 people between New York City, Paris, and Switzerland. |
0:20.3 | Net revenue retention about |
0:21.2 | 75% annually, spending about four months of ACV to acquire the customer. So a healthy payback |
0:26.6 | period there. They are burning about 100 grand per month. But again, they have about two, |
0:30.2 | three, four years of runway because of the money they just raised as they look to scale and |
0:33.3 | maybe raise some additional venture debt. Hello, everyone. My guest today is Kevin Cruze. After launching |
0:39.2 | three companies in e-commerce, he identified an opportunity in the influencer marketing space. |
0:43.3 | He grouped up with three other entrepreneurs and became the founders of his current company called |
0:47.3 | Upfluence. They then spent the next five years building the company into an industry leader. We'll talk |
0:51.7 | about it today. Kevin, are you ready to take us to the top? |
0:59.2 | I am ready, Nathan. Okay, so first off, so industry leader is a big word. How do you know your industry leader? Well, I mean, you have a couple different way to think about leadership, right? |
1:04.4 | You have a technological leadership that we definitely have. We've been in here longer than |
1:08.4 | almost anybody else. And then there is a market share |
1:12.2 | leadership, which according to service, we are too. So it's a very... According to what? |
1:18.1 | According to service, we are too. I mean, like client service, we have a thousand customers |
... |
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