Lotlsoft LabsWhat bootstrapped founders actually said about AI, pricing and getting acquired
17 claims that held, each with the quote it rests on and the date it was true.
Seen in the corpus 3 times, 2022-11-09 to 2024-07-17. Claims that did not hold are not listed here: they were written by research agents rather than by Ben Chestnut, so they belong with the other refusals, grouped by how they failed.
Ben Chestnut does nothing operational.
Ben Chestnut, Former CEO and Co-Founder of Mailchimp
the company asked Ben if he wanted to stay on as CEO, but he chose to “walk off into the sunset” and let the new owners take over
“After the acquisition, that's all I do, I walk the dog,” Ben says.
Ben Chestnut is the former CEO of Mailchimp.
Ben Chestnut, Former CEO and Co-Founder of Mailchimp
the company asked Ben if he wanted to stay on as CEO, but he chose to “walk off into the sunset” and let the new owners take over
“After the acquisition, that's all I do, I walk the dog,” Ben says.
Ben Chestnut is a co-founder of Mailchimp.
Ben Chestnut, Former CEO and Co-Founder of Mailchimp
the company asked Ben if he wanted to stay on as CEO, but he chose to “walk off into the sunset” and let the new owners take over
“After the acquisition, that's all I do, I walk the dog,” Ben says.
Since the Intuit acquisition, Ben Chestnut has described his day as walking the dog rather than running a company.
Ben Chestnut, Former CEO and Co-Founder of Mailchimp
the company asked Ben if he wanted to stay on as CEO, but he chose to “walk off into the sunset” and let the new owners take over
“After the acquisition, that's all I do, I walk the dog,” Ben says.
Intuit completed its acquisition of Mailchimp on 1 November 2021
Intuit Completes Acquisition of Mailchimp
Published November 1, 2021
In August 2022, Chestnut abruptly stepped down as CEO
Chestnut stepped down as CEO in August 2022
Intuit Completes Acquisition of Mailchimp
Published November 1, 2021
In August 2022, Chestnut abruptly stepped down as CEO
Mailchimp's free tier was later capped at 2,000 contacts.
Mailchimp introduced a free option.
His bold decision helped Mailchimp increase its user base from 85,000 to 450,000 users within a year, consistently add more than 30,000 new free users and 4,000 new paying customers each month, and increase their profit by 650%
Now, Mailchimp’s free plan is for users with 2,000 contacts or less and still offers the same benefits.
Mailchimp's free tier fed paid subscription plans.
Mailchimp introduced a free option.
His bold decision helped Mailchimp increase its user base from 85,000 to 450,000 users within a year, consistently add more than 30,000 new free users and 4,000 new paying customers each month, and increase their profit by 650%
Now, Mailchimp’s free plan is for users with 2,000 contacts or less and still offers the same benefits.
Mailchimp's users went from 85,000 to 450,000 in a year.
Mailchimp introduced a free option.
His bold decision helped Mailchimp increase its user base from 85,000 to 450,000 users within a year, consistently add more than 30,000 new free users and 4,000 new paying customers each month, and increase their profit by 650%
Now, Mailchimp’s free plan is for users with 2,000 contacts or less and still offers the same benefits.
Mailchimp's profit rose 650%.
Mailchimp introduced a free option.
His bold decision helped Mailchimp increase its user base from 85,000 to 450,000 users within a year, consistently add more than 30,000 new free users and 4,000 new paying customers each month, and increase their profit by 650%
Now, Mailchimp’s free plan is for users with 2,000 contacts or less and still offers the same benefits.
Ben Chestnut's company had $800M revenue in 2020.
the company ballooned to revenues that reached $800 million last year
Mailchimp recorded $600 million in revenue that year, and has added roughly $100 million more each year since. It’s on track to cross the $1 billion mark in 2021, a company spokesperson previously told Forbes.
Chestnut and Kurzius each hold a 50% stake in the company
Ben Chestnut's company added roughly $100M in revenue per year.
the company ballooned to revenues that reached $800 million last year
Mailchimp recorded $600 million in revenue that year, and has added roughly $100 million more each year since. It’s on track to cross the $1 billion mark in 2021, a company spokesperson previously told Forbes.
Chestnut and Kurzius each hold a 50% stake in the company
Ben Chestnut's company was on track to cross $1B in revenue in 2021.
the company ballooned to revenues that reached $800 million last year
Mailchimp recorded $600 million in revenue that year, and has added roughly $100 million more each year since. It’s on track to cross the $1 billion mark in 2021, a company spokesperson previously told Forbes.
Chestnut and Kurzius each hold a 50% stake in the company
Ben Chestnut and Kurzius each held 50% ownership of Ben Chestnut's company.
the company ballooned to revenues that reached $800 million last year
Mailchimp recorded $600 million in revenue that year, and has added roughly $100 million more each year since. It’s on track to cross the $1 billion mark in 2021, a company spokesperson previously told Forbes.
Chestnut and Kurzius each hold a 50% stake in the company
The 81% single-day spike in Twitter mentions outperformed co-sponsor Audible, which had a 19% single-day spike in Twitter mentions.
MailChimp got a marketing boost with the return of the popular Serial podcast because the marketing vendor’s popular #MailKimp sponsorship spot also returned for the new season.
MailChimp had an 81% spike in mentions on Twitter from the day before the Serial premiere this month and the day of. This outpaced other Serial sponsors Audible with a 19% boost, and Squarespace with a decrease in mentions over the same time frame.
The 81% single-day spike in Twitter mentions outperformed co-sponsor Squarespace, which had a decrease in single-day Twitter mentions.
MailChimp got a marketing boost with the return of the popular Serial podcast because the marketing vendor’s popular #MailKimp sponsorship spot also returned for the new season.
MailChimp had an 81% spike in mentions on Twitter from the day before the Serial premiere this month and the day of. This outpaced other Serial sponsors Audible with a 19% boost, and Squarespace with a decrease in mentions over the same time frame.
$300 million of the headline $12 billion went to employee bonuses.
Together, Intuit and Mailchimp will work to deliver on the vision of an innovative, end-to-end customer growth platform for small and mid-market businesses
Intuit has closed the acquisition of Mailchimp for total consideration of approximately $5.7 billion in cash, 10.1 million shares of Intuit common stock with a fair value of approximately $6.3 billion
Intuit will also grant approximately $200 million of restricted stock units to Mailchimp employees shortly after the closing.
The deal entails $300 million in employee bonuses