Jason Yanowitz: Blockworks reached $25.5M in revenue by its fifth year
“First year of business, 250 K of revenue. Second year of business, two million of revenue. Third year of business, three and a half million. Fourth year, 12 and a half million. Fifth year, 25 and a half million. So, and we didn't raise any venture that whole t…”
Yanowitz: Blockworks raised $12M at a $135M post-money valuation in 2023
“So then in May or April, 20, 23, about a year ago, we raised twelve million at a one 35 post money valuation.”
Yanowitz: Blockworks raised $12M at $135M valuation after exceeding $20M revenue
“Last year we had a goal of
twenty million in revenue, and we pretty decently exceeded that.
and we've been profitable since day one.
So, yeah, we bootstrapped the business for the first five and a half years, and then back in April or May, we took we raised …”
Parr: Blockworks has a crystal clear path to $100M in sales
“Whenever, like, you're telling me about your guys' business, I'm like, oh, I see a, well, from an outside, I see a crystal clear path to, like, a hundred million in sales.”
Yanowitz: Blockworks lost 80% of revenue overnight when COVID hit
“Then COVID hit, and 80% of our revenue got wiped out overnight because we were, 80% of revenue came from events”
Yanowitz: Blockworks generated over $10M from Permissionless conference in 2022
“Last year we did, like, well over ten million from permissionless.”
Yanowitz: Small events have bad business models; profitability requires massive scale
“The thing that a lot of entrepreneurs get wrong with events is the business model of small events is a really good experience for attendees. It's really fun. You bring people together, good community building. It is a shit business model. So the kind of secret…”
Yanowitz: Half of all conference tickets sell within four weeks of the event
“50% of tickets get sold in the four weeks leading up to a conference.”
Sam Parr: Jason Yanowitz will be worth $100M+ liquid by 2028
“You're gonna be worth at least a hundred million dollars in the next five years, I would imagine. Liquid. That, that's my prediction.”
Yanowitz: First-time founders almost never start with a grand vision
“Everybody thinks that founders had this vision from day one. But if you talk to founders who have built big companies, 99% of them do not. They do, they never did at the beginning. Second-time founders actually do, I've noticed. Like, second-time founders will…”
Bloom: Crypto Media Company Blockworks Has Become A $20M+ Business
“And now it's a, you know, twenty million dollar plus business.”
Parr: Blockworks made $2M revenue at 50% profit on crypto conference
“Two day conference that he just hosted recently. It did two million in revenue. He said, he told me it did about 50% in profit. 800 attendees. Ticket cost one to 2000 dollars.”
Parr: Blockworks will generate north of $10M in revenue in 2021
“Awesome business. Probably will do eight figure or yeah, maybe 10 north of ten million in revenue this year. Completely bootstrapped.”
Sam Parr predicts Blockworks will sell for $40M-$50M within 18 months
“If I had a bet, I would imagine you're going to see this company sell for in the 40 to fifty million dollar range in the next 18 months.”