Lu Zhang: Fusion Fund portfolio company Stratify generates over $40M annual revenue
“So, so far they have more than like forty million dollars annual revenue.”
Wang: Stratify has about 30 Fortune 500 customers
“We're about 30 different fortune, 500 customers and our belly as well.”
Wang: Stratify contract values range from $150k to $700k annually
“There's a big company paying us about four, five, 600,000 dollars a year. We got typical land deals about one 50 to 200. That's very, it's about how widely deployment of our land deal was. Let's, for example, if it is department level, it'll be a one 50 to 200…”
Wang: Stratify has raised under $12 million across three rounds
“So we bootstrapped it for the first six months, ah, back in 2014, then we raised about three rounds from 15 to now.
[304] Nathan Latka: Okay, so how much total have you raised today?
[306] Derek Wang: We raised less than twelve million.”
Wang: Stratify's profit margins are in the high nineties
“Oh, get our profit margins in the high nineties.”
Wang: Stratify has maintained zero customer churn across all enterprise clients
“Our trend is zero because our, it's not a typical fast test where enterprise test. So every turn here, give me a heart attack. So we keep we have a good customer success team so that so far with all the customer we have, there's zero trends.”
Stratify Reached $280K to $300K in Monthly Revenue
“Revenue last month, we're about two 80 to 300.”
Wang: Stratify revenue is growing at 350% to 400% annually
“Our growth rate is about three 50 to 400%, as you can imagine, right?”
Stratify Averages 154% Net Dollar Retention
“So a 154% as of so average, 154, and I think our last quarter is about a 172, a 173%.”