Devore: DocHub generates $90,000 to $95,000 in monthly recurring revenue
“When you factor in the annual guys you know, we're doing about 90 95 thousand a month.”
Devore: DocHub is entirely funded and owned by his prior startup Macroplant
“The money from doc hub is coming from our my previous venture from macro plant. Well, actually it's a, you know, entirely owned by macro plant.”
Devore: DocHub supports its massive user base with a five-person team
“We've got about five other people on the team. And so we've got support guys web guys and developers”
Devore: DocHub would consider full acquisition but rejects minority investments
“I mean, you know, if there's a buyer out there who's interested in in, you know, has a good a solid price for doc hub, you know, I'd listen to the offer and you know, but I don't think we want to you know, I don't think we're in a situation where we need to be…”
Devore: DocHub internally targets a $10 million valuation
“I still like the you know, a ten million dollar valuation on it.”
Devore: DocHub remains 100% founder-owned to avoid cap table complexity
“Right now it's a hundred percent owned which just makes everything. Yeah, exactly. It adds, you know, a lot more than 200,000 dollars of complexity into the picture.”
Devore: DocHub grew from zero to $1M ARR in one year
“Let's go back a year ago where we were making literally zero dollars a month. And what would you value it a year ago? You know, so a year ago by that math, it would have been worth nothing. And now all of a sudden we, you know, we have a million dollars coming…”