GetLatka talk
How LCPtracker Grew from $1M to $25M ARR Bootstrapped with 97% Gross Revenue Retention (Interview with CEO Mark Douglas)
Mark Douglas (CEO of Lcptracker) gave a talk on March 17, 2023.
Lcptracker figures from the talk
- Revenue (2023)
- $25M
- Revenue (Starting Point) (2011)
- $1M
- Gross Revenue Retention (2023)
- 97%
- Clients (2023)
- 2,000
- Active Projects Under Management (2023)
- $200B
“We were $1,000,000 in 2011, and we're $25,000,000 this year. 100% bootstrapped, zero debt. We plan for profits of 1 to 2,000,000 every year, and all the rest goes into our growth plan. That's how we've done especially really well over the past six years. In fact, we've been within 1% of our annual revenue goals and annual expense targets each year for the past six years.”
“We manage over $200,000,000,000 worth of projects that are active in our system now. We have over 2,000 clients. Many of them are government agencies, but also large contractors and subcontractors.”
“We have about a 97% return on our ARR return customer annually. Some of my customers have been with me since, you know, twelve, fifteen years.”
Bio
Project Astra and my plan to eliminate poverty with ‘15 for the 15’ | CEO and President of LCPtracker. | Committed to using our technology to transform lives while building better communities.