We have some very exciting news to share in this month’s investor update: we’ve acquired Respondly, a social media customer service and brand monitoring tool!

With this move, we will reposition Buffer in the coming months to be a full social media solution for companies across both customer service and marketing departments.

Read on for more on this and all the other news from November…

Overall key metrics

nov 2015 metrics

  • 2,921,380 total registered users (+2.8%)
  • 220,988 monthly active users (-2.5%)
  • 55,253 average daily active users (-0.4%)
  • $677,552 monthly recurring revenue (+4.2%)
  • $8.13m annual recurring revenue (+4.2%)
  • 62 team members across the world in 44 cities

*Transparency note: We’re holding off on disclosing our bank balance for a while to honor our agreement with Respondly and not make it easy to deduce the acquisition price. It will return in March 2016!

Product: Respondly, Pablo extension, Awesome 7-day trial

As mentioned above, we’ve acquired Respondly and are super excited to step into the social media customer service and brand monitoring space.

Buffer acquires Respondly

We believe Respondly has huge potential in terms of revenue growth and expanding our overall brand footprint. The product currently has $4k MRR. From our research in our due diligence process, we have found that many Buffer customers already also do social media customer service within their companies, and we are excited about this opportunity to expand our offering and also move into a new market with new customers too.

We expect to be able to quickly grow the revenue from Respondly towards something very meaningful for the company—which will also be our first revenue stream separate from Buffer. We already have a team within the company making swift progress on rebranding and launching the product in early January.

Request an invite at buffer.com/respond and we’ll welcome you to try Buffer Reply as soon as we have capacity.

Respond Blog Button

In other product areas, we’ve continued to make good progress! Pablo has a dedicated extension now, and has seen weekly active users double from October to November.

pablo extension

The Awesome Plan now has a 7-day trial, building on the exciting Buffer Social Media Calendar launch. And we’re making the core product better too. We’ve made re-Buffering easier, finding that many marketers want to continue sharing their best content.

Our product areas are also focusing more and more on growth. This November, we’ve iterated on the landing page, trial experience, pricing page, messaging about Buffer for Business and more. We’re on track to have a 34% increase (491 in December) in the number of Buffer for Business trials from Awesome users, this month from last, for example.

We’re searching for more Product Creators as we run into 2016, too. (We have 3 now, and could easily see growing to 5 or 6.)

Team & Hiring: 10 new teammates, new salary formula

  • 62 team members
  • 44 cities
  • 11 timezones

In November, 10 teammates completed their bootcamp and joined us full time:

  • Jordan – iOS Developer
  • Kyle – Product Creator
  • Amy – Customer Hero
  • James – Product Designer
  • Ash – Content Crafter
  • Matt – Growth Analyst
  • Mike – Customer Development
  • Humberto – iOS Developer
  • Arielle – Community Champion
  • Deb – Culture Scout

Here’s the whole team in a November all-hands meeting (we’re making hashtag hand symbols!):

November all hands

Another 4 teammates are scheduled to start their bootcamp in the weeks to come.

We looked into 2,734 hiring conversations in November (+37%). In December, we’re hiring across 15 open positions, listed on Buffer’s Journey page.

We also introduced our brand-new salary formula and calculator, which was kindly covered by TechCrunch, The Next WebThe Atlantic and more!

calculator launch

Happiness: 95% happiness rate, 76% replies within 6 hours

  • 10,719 replies sent
  • Customer Happiness Percentage: 95%
  • 57% of emails got a reply within 1 hour
  • 76% within 6 hours
  • 48% of Tweets got a reply within 15 minutes

In November we had a NPS score of 52 for our customers on Business plans with a 39% response rate.

The Happiness Team grew by a few smiling faces in November! One Customer Hero and three Happiness Heroes began Buffer Bootcamp, one of whom is focused entirely on Twitter. This is our first hire exclusively for the Twitter team, and we’re so excited for the difference this can make for that powerful support channel.

Marketing: Moving teammates into product teams

We started a significant change in November with moving 2 people from the marketing team into product teams to be more effective in achieving their goals.

Instead of contributing to blog marketing goals, they are now responsible for trial starts and conversion. This feels closer in line with how the most modern marketing team and product teams are setup these days and we’re excited to start reporting on numbers starting next investor update!

Thanks for your support this year, and happy holidays!

– Joel Gascoigne

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Written by Joel Gascoigne

Joel is the founder and CEO at Buffer. He is focused on the lean startup approach, user happiness, transparency & company culture. Say hi to him anytime @joelgascoigne.

  • Parker Agee

    I’m curious how you calculate monthly active users. Say a user schedules out a month worth of posts and doesn’t log back into the app for that month. Are they included in the active users because they have posts being sent? Or does “active users” mean that they are logged into the app and clicking around?

    • Michael Erasmus

      Hey Parker, good question! Our metric for active users uses the number of users who created post during that month, regardless for when the post was scheduled.

      So in the case that a user schedules a post that only gets sent the next month and doesn’t schedule any more posts during that next month, they won’t be counted as active for that month.

      Hope that makes sense!

  • Lasse Rafn

    I love your transparency! So inspiring. Keep it up!

  • Great update. Congrats to the new Buffer-mates!

    QQ: what does the Culture Scout do?

  • Daniel Townsend

    Thanks for the update Joel. It’s great to hear that you’re looking to add some more Product Creators. I can’t wait to see what happens in 2016 and beyond.

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