Netcore Cloud
company on 3 shows · 24 statements across 4 episodes · said 96 times in 12 episodes since 2022
Top Founders 67 
the Neon Show 28 
WTF is with Nikhil Kamath 1
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Top Founders 67the Neon Show 28WTF is with Nikhil Kamath 1
2024 13 mentions in 1 episode
2023 18 mentions in 3 episodes 6 per episode
- Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
- Ep #9 | WTF is Venture Capital? Ft. Nikhil, Nithin, Rajan A., Prashanth P. & Karthik R. · Nikhil Kamath
- The YC of India Writes 47 Checks at $100k each for 5%, $2.5m Valuation
- every mention in 2023, scene by scene →
2022 65 mentions in 8 episodes 8 per episode
- Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
- $12m profits, Bootstrapped, $95m ARR out of India
- $225k in MRR with $50k/mo in profits. How this non-tech founder built a bootstrapped SaaS selling to furniture stores.
- He Shut down SaaS to Print Money ($700k) in High Margin Agency model
- He got diluted to 25% at his first SaaS company, now wants to keep new thing "private"
- How Uberflip Doubled ACV to $60k By Doubling Down on Customized Content at Scale
- What you can learn from Vista Equity's former head of pricing
- She hit $250k MRR in November for Partnership SaaS, 4000 Customers, approx $90m Valuation
- every mention in 2022, scene by scene →
every mention on every show, scene by scene, with the transcript →
24 statements about Netcore Cloud, every show
Jain: Netcore Did Not Grow for 10 Years Until Adding Email/SMS
“Netcore, actually, I didn't put in too much money, because first 10 years you were too small, not growing. And then we did something right. We basically started email and SMS marketing in India, and those just turned out cash.”
Jain: Netcore accumulated $100M cash reserves from profits by 2020
“So we built it up to about a hundred million in by 20 20.”
Jain: AMP Email Generates 5x to 10x Increases in User Actions
“The removal of the friction of the click through to a website or app, I mean, we have seen five times, 10 times increases in actions.”
Netcore Sends About 35 Billion Emails Monthly
“We send out about thirty-five billion emails a month.”
Jain: Netcore Reached $100M in Revenue and Prior Exit Exceeded $100M
“The first one I sold for a hundred million plus, and the second one I'm still running, Netcore, we'll talk about that. That's hundred million in revenue.”
Rajesh Jain: Netcore's per-share value grew at 25% CAGR over 10 years
“And if I look at the last 10 years, the per share value of, ah, Netcore
Has grown 25% CAGR.
That's 10 X in 10 years.”
Jain: A company cannot run with two power centers
“Once I got the CEO, I said there only has to be one leader in the company, it cannot be me, it's the CEO, so even if I disagree, I have to tell the CEO privately, rather than
publicly because a company cannot run with two power centers.”
Rajesh Jain: Netcore paid nearly $100M cash from internal accruals for Unbxd
“And then, ah, we had a very large acquisition that we did unboxed. Ah, again, all from internal accruals, ah, close to a hundred million dollars last year. Again, we paid cash, ah, for the business”
Rajesh Jain has never raised outside capital in his entire life
“And, ah, I've never raised capital in my life.”
Rajesh Jain owns 75% of Netcore and employees own 25%
“If you control your own destiny, you own, I mean, in our case, 75%. I'll talk about that. 25% is employees.”
Netcore Cloud acquired Unbxd for $100M in major Indian SaaS deal
“And we recently acquired a company for a hundred million dollars basically invested and one of the largest deals out of India in the SaaS space. It's a company which primarily operates in the U S company called unboxed.”
Netcore acquired 90% of Unbxd, buying out all previous venture investors
“We've bought 90% in the company. Founders own 10%. The remaining 10%, they continue to run the company. Pawan and Prashant, great team there. So investors are out.”
Netcore Cloud nears $100M ARR while remaining entirely bootstrapped
“So we are ourselves at about 85 now and we had unbox ten million. So we are very close to a hundred million ARR now and completely bootstrapped.”
Netcore took 10 years to reach its first $1M in revenue
“So the first 10 years, Netco did not grow much, and we hit about a million dollars, I would say, in 2000 and seven or eight, thereabouts.”
Netcore Cloud plans to IPO in India within 12 months
“We're also planning to do an IPO in India in about 12 months time.”
Netcore Cloud employees own 25% of the bootstrapped company
“Yes, and we are 25% owned by employees, so I've got to make sure they also get some wealth creation.”
Netcore Cloud historically operates at 17% to 18% profit margins
“So our profit margins have basically been about 17 to 18%.”
Hybrid CPaaS and platform SaaS companies merit 6x to 10x revenue multiples
“I'd say that companies like ours should basically, we got a mix of CPaaS and the high, high and the platform business. I'd say we'd probably be valued anywhere between six and 10 times revenues. And maybe with some bonus for being profitable.”
Netcore Cloud delivers 18 billion emails per month as independent company
“So we do eighteen billion emails a month. Which is, I think, which would be among one of the largest ones. I mean, we are probably one of the few independent email companies left in the world”
Rajesh Jain's bootstrapped startup Netcore reached 750 employees and $85M revenue
“And that has really helped us in the last three years build a business today, which is seven 50 people, which is eighty five million dollars in revenue.”
Rajesh Jain coined 'Proficon' for profitable, bootstrapped companies worth over $100M
“And I defined Proficon as a company which is private, profitable, promoter bootstrapped, and highly valuable. Highly valuable I would say is at least say over a hundred million dollars because you have a lot of private companies who are not sort of valued.”
Rajesh Jain says Netcore has never raised any external capital
“Because we've not raised any external capital in netcore either yet.”