How Savvy Navvy grows

After walking away from a VC term sheet, and with ~10,000 users on the app, ran an equity crowdfunding round on Seedrs (now Republic). Before going live, agreed terms and valuation with a handful of pre-identified angels (2-3 put in six figures each per round); everyone else invests on the same terms, no preferred shares, from as little as ~10. Made a pitch video plus docs and financials; publicly stated what the money would fund. Gave perks: all first-round investors got a Savvy Navvy sailing jacket; another round gave 3-year subscriptions. Set a minimum (enough for the next 12-18 months) and a maximum (to cap dilution) and closed the round when the max was hit. Used the money mainly for B2C marketing. Later taps the 2,500 investors (mostly boaters) for expertise, e.g. logistics or marketing advice. Investors can sell on the platform's secondary market.

To cut drop-off at account creation, ran an experiment that skipped sign-up and created an anonymous account under the hood. Rolled it to 100% after strong early results and ran it for quite some time.

Not an affiliate program and no kickbacks (instructors don't want to look like sales reps). Instructors get the app free and their students get a discount. The team works closely with them: webinars, collecting feedback, instructors as beta users who get every new feature first. Built instructor-requested features, e.g. an in-app three-point fix for when GPS fails, which no competing app has. Signed American Sailing for the US. Similar programs with chandleries/boat shops, using in-store presence and QR codes.

Using US rules that allow payment outside the App Store, added a two-year subscription on web checkout: $183 vs $129/year ($75 off two years, ~30%). Pitched at boat owners who keep boats for years. Revenue per user over two years is about the same, but collected up front, so marketing spend is recovered immediately.

From the first investor letter, promised to share 'the good, the bad, and the ugly' and keeps a direct, open line with the long tail of investors behind the platform. Publicly states what each round's money is for and reports back 12-18 months later before asking for more.

Before building, went to the UK south coast with a clipboard (people answer questions from someone with a clipboard) and spent hours walking every pontoon, interviewing sailors, motorboaters, kayakers and paddleboarders about how they go boating and what stops them going out more. Keeps talking to customers per region for new features (e.g. Italy has no tides).

Walks every boat show without paying for a stand (stands are priced per boat-meter). Met Arc Boats, an LA electric wake boat maker building its helm from scratch, and partnered to supply charts and navigation tech for its helm display. Put out a press release. Followed up with boat builders and new marine electronics makers who build their own software stack or want a customizable one.

Deals vary by model: a high-end pontoon boat comes with 12 months of Savvy Navvy paid by the manufacturer (e.g. via QR code); other deals bundle an extended trial; some get a gray-labeled flavor of the app showing boat-specific info, including in CarPlay on pontoon/entertainment boats. Manufacturers promote the app. The loop: consumers ask builders for Savvy Navvy support, builders integrate it, buyers see it on the boat as validation.

Uses two business models by geography: freemium in the US (a free product that manufacturers can also tailor), no free tier outside the US. Details deferred to the live stream.

Founder dislikes email marketing and killed it; the company does none.