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Chris Devor, founder of DocHub and other extensions. DocHub allows you to view, edit, and sign PDFs online for free to streamline the exchange of documents.\xa0 Listen as Chris shares how DocHub is different from their competitors and why he won\u2019t easily jump into offers for a share of his company.

Famous Five:

• Favorite Book? \u2013 N/A
• What CEO do you follow? \u2013\xa0 Elon Musk

• Favorite online tool? \u2014 New Relic
• Do you get 8 hours of sleep?\u2014 No
• If you could let your 20-year old self, know one thing, what would it be? \u2013 \u201cI would have taken Computer Science and it would probably make my life easier\u201d

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Time Stamped Show Notes:

• 01:40 \u2013 Nathan introduces Chris to the show
• 02:16 \u2013 Chris started DocHub 3 years ago
• 02:57 \u2013 DocHub integrates with different providers
• • 03:17 \u2013 DocHub can be opened directly from Gmail
  • 03:30 \u2013 The signature looks real
• 03:48 \u2013 Number of users is 15.4 million and 52.2 documents
• 04:18 \u2013 What does 15 million users mean?
• • 04:29 \u2013 For every one document opened up equates to one user
• 05:08 \u2013 The monthly recurring expense led Chris to having a paywall
• 06:57 \u2013 Chris runs several of the operations
• 07:16 \u2013 Number of paying users in October is around 5,000
• 08:00 \u2013 MRR in October is about $95,000
• 09:30 \u2013 Chris owns 100% of DocHub
• 09:43 \u2013 Team size
• 11:00 \u2013 In the last 30 days, DocHub had 1600 new subscriptions and 650 new cancellations
• 11:21 \u2013 DocHub has 30-day free trial
• 11:40 \u2013 DocHub\u2019s revenue churn is 75%
• 12:23 \u2013 When can an investor invest or buy DocHub?
• • 12:40 \u2013 It is still too early and Chris hasn\u2019t tried new features
  • 13:38 \u2013 Chris is finding a good valuation for their company
• 15:40 \u2013 Nathan shows Chris a $200,000 check asking how much equity Chris is willing to give
• • 16:25 \u2013 \u201cIt\u2019s too complex\u201d
• 17:10 \u2013 Would you consider an offer for $5 million?
• • 17:13 \u2013 \u201cI will think about it\u201d
• 18:50 \u2013 Connect with Chris through his website
• 20:19 \u2013 The Famous Five

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• Key Points:

• A free trial is an EXCELLENT way to attract new customers\u2014including a paywall helps, too.
• Always continue to BUILD and EXPAND your company.
• Choose a type of degree or diploma that will give you MORE opportunities in the future.

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Resources Mentioned:

• Toptal\xa0\u2013 Nathan found his development team using Toptal\xa0 for his new business Send Later. He was able to keep 100% equity and didn\u2019t have to hire a co-founder due to the quality of Toptal\xa0 developers.
• Host Gator\xa0\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
• Freshbooks\xa0\u2013 The site Nathan uses to manage his invoices and accounts.
• Leadpages\xa0 \u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
• Audible\xa0\u2013 Nathan uses Audible when he\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
• Assistant.to \u2013 The site Nathan uses to book meetings with one email.
• Acuity Scheduling \u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
• Drip \u2013 Nathan uses Drip\u2019s email automation platform and visual campaign builder to build his sales funnel.
• DocHub.com \u2013 Chris\u2019s business website
• Show Notes provided by Mallard Creatives