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EP 400: AdEspresso Hits $20M Valuation, 4000 Customers, $400k MRR with CEO Massimo Chieruzzi

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Massimo Chieruzzi, CEO of AdEspresso. His company, founded in 2013, is now so profitable that he says they don’t need fundraising! Massimo sees only growth for AdEspresso in the future as Facebook ads continue to evolve and improve.   Famous Five:   Favorite Book? – Predictably Irrational What CEO do you follow? — Rand Fishkin Favorite online tool? — HubSpot Do you get 8 hours of sleep?— No If you could let your 20 year old self know one thing, what would it be? — Don’t start a startup. Get some experience for a corporate business first.   Time Stamped Show Notes: 01:05 – Nathan introduces Massimo 01:30 – AdEspresso was first on The Top on Episode 70 01:50 – Focus on growing and reducing churn 02:25 – Revenue is about $400k/month 02:38 – 2015 total revenue was $3M 02:50 – Fundraising has reached $1.8 Million 03:30 – “We have been profitable this last year, so we don’t need the money.” 04:00 – More than 4000 customers 04:45 – Learn about AdEspresso at Adespresso.com 05:00 – Churn is 7% and is decreasing 0