Published: Dec. 7, 2016, 10 a.m.
Pritesh Vora. He has over 10 years of experience specializing in building and growing innovative technology products. He was a formerly a partner at 1000Lookz and the business head at NotiPhi. He has also worked at TCS, one of India\u2019s biggest IT service companies across US, Europe and India. He has a Bachelor in Technology from MSIT.
Famous Five:
- Favorite Book? \u2013 Zero to One
- What CEO do you follow? \u2013\xa0 Elon Musk
- Favorite online tool? \u2014 Buffer
- 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 \u201cDefinitely, knew more about how to see the business\u201d
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Time Stamped Show Notes:
- 01:22 \u2013 Nathan introduces Pritesh to the show
- 02:10 \u2013 Uninstall.io is Pritesh\u2019s current company
- 02:14 \u2013 Uninstall.io is a niche analytics company
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- 02:40 \u2013 Uninstall.io provides analytics to popular mobile apps
- 02:50 \u2013 Uninstall.io is a SaaS business with monthly subscription and fees depending on the number of users and modules
- 03:02 \u2013 Average pay per customer is $100,000 a month
- 03:11 \u2013 Uninstall.io was launched in 2015
- 03:22 \u2013 Uninstall.io was bootstrapped for the first 6-8 months and raised $365K
- 03:50 \u2013 Uninstall.io is currently serving more than 150 apps
- 04:36 \u2013 ARR is currently $100K
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- 04:48 \u2013 MRR is around $10K
- 05:00 \u2013 Uninstall.io currently has 15-17 customers
- 05:23 \u2013 Pritesh shares why companies leave after just a few months
- 06:37 \u2013 Pritesh and his team are still working on how to make customers stay
- 08:30 \u2013 Pritesh and his team are learning more about their customers\u2019 needs and data so that Uninstall.io can become indispensable to them
- 09:00 \u2013 People have a typical analytic scheme in their company
- 09:25 \u2013 Uninstall.io has 10 people on their team
- 09:44 \u2013 Uninstall.io is using shared resources to take the data from each account
- 10:00 \u2013 Average CAC
- 10:38 \u2013 Average monthly salary
- 11:12 \u2013 Pritesh and his team are based in India
- 12:00 \u2013 Lifetime value
- 12:47 \u2013 Pritesh still has around $150K in the bank
- 13:02 \u2013 Pritesh is currently spending $20,000 for the expenses
- 13:40 \u2013 2015 revenue is around $45,000
- 14:12 \u2013 Connect with Pritesh through his Twitter, website and blog
- 15:55 \u2013 The Famous Five
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3 Key Points:
- Work to know your niche and target market on a deeper level.
- Having a business is a continuous experiment\u2014it\u2019s how one learns and adapts.
- Focus on your team first and look after them well.
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Resources Mentioned:
- 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
- Toptal\xa0\u2013 Nathan found his development team using Toptal 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
- Host Gator\xa0\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
- Audible\xa0\u2013 Nathan uses Audible when he\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
- The Top Inbox\xa0 \u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens and follow-up with email sequences
- @PriteshVora \u2013 Pritesh\u2019s Twitter handle
- Uninstall.io \u2013 Pritesh\u2019s business website
- Blog.Uninstall.io- Pritesh\u2019s blog site
- Show Notes provided by Mallard Creatives