January 3, 2014

Case Study Lessons: When Widespread Publicity Backfires for Subscription Sites

By Minal Bopaiah Venture capital-backed contests can be a godsend for start-up tech firms, as TechCrunch Disrupt NY  winner  Enigma well knows. The subscription database that makes public data more searchable won $50,000 and a massive amount of publicity back in May of 2012. But publicity is a double-edged sword. Since winning the TechCrunch content, Enigma has received 10,000 requests for a free trial of their subscription products, which combines and streamlines data from more than 100,000 sources, such…

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Case Study Lessons: When Widespread Publicity Backfires for Subscription Sites

Venture capital-backed contests can be a godsend for start-up tech firms, asTechCrunch Disrupt NY  winner  Enigma well knows. The subscription database that makes public data more searchable won $50,000 and a massive amount of publicityback in May of 2012. But publicity is a double-edged sword. Since winning the TechCrunch content, Enigma has received 10,000 requests for a free trial of their subscription products, which combines and streamlines data from more than 100,000 sources, such as SEC filings, patent application,…

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Pitch Contest Helps Subscription Database Enigma Make 7 Figures 2.5 Years After Launch

In May of 2013, Enigma joined 30 start-ups vying for attention from venture capitalists at TechCrunch’s Disrupt NY. By winning that contest (and $50,000 in seed funding), Enigma’s visibility exploded, gaining the site 10,000 opt-ins for its free trial without any SEO whatsoever. In this exclusive Case Study, CEO Jeremy Bronfman spoke to us about how the site is on track to garner 7-figure revenues entirely from subscriptions, the hidden market for APIs, and the downside of massive publicity and broad appeal when it comes to conversion.

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