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In addition to needing to purchase Mandrill credits, customers now need to be on a paid Mailchimp monthly plan (the minimum monthly plan being $10 a month), even if the customer has no need for Mailchimp services and only wants access to Mandrill. Mandrill was later renamed Mailchimp Transactional. [35]
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The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service.The model was pioneered by publishers of books and periodicals in the 17th century, [1] and is now used by many businesses, websites [2] and even pharmaceutical companies in partnership with governments.
He is the co-founder and former CEO of Rocket Science Group, [7] commonly known as Mailchimp [6] a CRM with 15 million users. [8] In 2016, he was recognized as Ernst & Young's Entrepreneur of the Year. [9] According to Atlanta Business Chronicle, in August 2017, Chestnut was awarded "Most Admired CEO". [10]
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