Jesse Leimgruber

Let's do it.

Yes, so Near Reach is an end-to-end social intelligence platform.

Brands pay us a licensing fee to analyze the performance of their sponsored post campaigns, everything from

paying Tiger Woods to wear a Nike hat, to Red Bull sponsoring athletes, to YouTubers promoting a product.

We measure the effectiveness of those endorsements, and we sell that data to large brands and Fortune 500s.

Um, we typically the minimum licensing fee for a brand is about $25,000 annually.

And we have, uh, quite a few as in more than a handful of brands spending over a million dollars with us annually.

Yeah, I would say at least half of our customers are spending over $50K a month.

Sorry, $50K a year.

I think our average revenue per customer is around $200,000 a year.

We launched it in early 2014.

We launched the company then.

Probably the first year, I don't think we had any customers or nothing significant.

2015 was really when we launched our product in a sort of beta.

And then towards the end of 2015, it took its current form.

And so 2016, 2017, and this year have really been the primary products.

But it's really about two and a half, three years into...

Well, you know, everyone, you know, does SaaS businesses like, oh, we have, you know, 35,000 customers, but it's like $5 a month.

Yeah, we just passed 100.

I think we're at 102, 103, something like that.