CrewPay Whatupdate No. 65
Hello, crew.
Team Accomplishments & News
- Quiet
Product Accomplishments & News
- Product slides from Matt: Slides
Sales, Marketing & Customer Success Accomplishments & News
- Quiet week
Revenue & New Client
- 18 transactions last week (598 YTD)
- $39.8k sent last week ( $979k YTD)
- 0 new companies, 2 new contractors
- 8 active companies (25 total)
- 53 active contractors (240 total)
- MRR $235 (+0% over last week)
- ARR: $2,820
- MRPC: $29.38
- Totals:
- WoW Contractor growth: +.0%
- WoW Company growth: +.01%
Closing Thoughts
You all know we’re exploring fundraising options. I’ve been thinking a lot about questions like “How much do we raise?” and “Where do we allocate resources?” “Is the amount we’re asking for driven by fear or confidence?”
Where I’ve landed, with the help of many friends and mentors, is here:
Instead of thinking about using runway as the key factor in determining the amount needed, CrewPay is focused on the amount we need to make progress and reach growing momentum.
This approach, I believe, is patient and confident. It also minimizes dilution and enables us to reach significant revenue — which will provide us new opportunities.
Have a great week.
Ever,
David
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