Mike Preuss
- CEO and Co-Founder at Visible.vc
GetLatka interview
How Visible.vc Reached 600+ Paying Customers Averaging $150 a Month With Under 2.5% Annual Revenue Churn (Interview with CEO Mike Preuss)
Mike Preuss (CEO and Co-Founder of Visible.vc) spoke to Nathan Latka on October 2, 2018.
Visible.vc figures from the interview
- Paying Customers (2018)
- Over 600
- ARPU (2018)
- $150 per month
- Revenue Churn (2018)
- Under 2.5% per year
- Team Size (2018)
- 5 full-time
“Visible VC is a web software application. We're a SaaS based business, so recurring revenue is is kind of our go to business model. And customers are really buying our solution to report data updates, KPIs back to their investors, potential investors, and their team.”
“They're paying on average about a $150 a month. So any, you know, kind of ranges, but our our ACV is right about a $150 a month.”
“So we started in 2014, and we were actually born out of a venture fund. So we built this product internally to kinda solve the problem of getting updates and data from our portfolio companies.”
Bio
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.