Stop using ChartMogul
No disrespect.
But Chartmogul sucks. It gives founders hopium that doesn't exist.
The numbers (MRR/ARR) are inflated. Founders shouldn't care about projections or vanity numbers. You should only care about the cash that hits your bank account.
Can projections help? Yes.
But it's not something you should be hype about.
Get hype when cash hits the bank.
Get hype when your retention numbers are up.
Don't get hype because ChartMogul says your MRR is 1k, but the revenue that hits your bank account is $200.
I'm just saying. ChartMogul is cool, but it's a false depiction of your business and it's most likely doing you more harm than good.
„Chartmogul sucks“
„Chartmogul is cool“
I've switched to ProfitWell, after ChartMogul has hit us with a pay wall. They simply ask too much money, looks like a rip off. And the value they bring is minimal.
Cash hits the bank: agreed.
Chartmogul sucks: disagreed.
Charmogul is just a tool to display metrics.
Is up to you to decide which metric or goal to follow.
If none makes sense, just follow your instincts.
In my case, I'm focused on the long term, to achieve a valuation number based on my ARR. Chartmogul helps me to keep on track.
The problem is it's projected.
ChartMogul says ARR is 54k when Stripe says its 24k
ChartMogul says MRR is 4.6k when stripe says its 2.3k
So if you're looking at valuation numbers based on ChartMogul you're inflating your exit numbers based on projected #s.
Someone cares to explain why chart mogul inflates the projections? I always thought of it as a tool that just renders data that is already there..
Metrics are useful if you use them well.
You'll always get distracted by vanity metrics if you want to.
Having a tool like ChartMogul can help you define and plan your business projection.
ChartMogul has alot of other features that are beneficial. This post was a bit harsh.
I wouldn't take it that far. Of course, cash is very important and will always be important. But at some point, you will need to know your MRR and your layers of MRR (new, expansion, downgrades, churn). You'll want to know your gross dollar retention and net dollar retention. If your revenue analytics tool is set up correctly, it provides great data. I see too many SaaS companies ignore their revenue data in the early stages and then it's a big mess to untangle later.
Totally agree.
Chartmogul does not reflect your actual MRR, at Breakcold if we follow our Chartmogul our MRR is double what it really is. Stripe Billings is the only source of truth.
Exactly. Stripe says 2.3k ChartMogul says 4.6k...The founder/CEO said that theres a reason but if I'm a first-time user seeing 4.6k in Chartmogul vs 2.3k in Stripe, to me the data is not right.
You might be mixing MRR with revenue, these are not the same.
No. Im not. ChartMogul literally says my MRR is 4.6k (theres no mention of projections)...Stripe says 2.3k.
It also says my ARR is 54k when I know for a fact its 24k.
If I'm a first-time user seeing this (without knowing it's projected) it tells me ChartMogul is inaccurate. First impressions matter imo
That is crazy, any clue what it is doing that?
Apparently, it's a setting that you have to change. But I only found that out after tweeting and the founder tweeted back.
What do you mean by inflated MRR?
He means projections, probably.
Yes, that's what I mean. It shows projections as actual MRR. It would be better if ChartMogul said that flat out (these are projections). Otherwise, the data looks inaccurate.