Everything Anna (Anna Gong) said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Gong: Asian SME merchants are "spoon-fed" by government grants
“In Asia, the merchants are so low tech that it, the maintenance was not scalable either. They're spoon fed. You know, the governments would give them, you know, so much grant money to sustain their business, and they're so entitled to, ah, the government money…”
Gong: Perx targets $15 million ARR in 2020
“We're looking at 15.”
Gong: Competitor Aimia is shutting down Asian operations
“AMIA, A-I-M-I-A. They're a public company based out of Toronto. They're literally shutting down Asia.”
Gong: Perx focuses on telcos and FSI while competitors target retail
“And then other competitors are highly focused on retail and FMCG, which is a declining sector. So we're actually very diversified into FSI, telcos.”
Gong: Perx generates an average ACV of $150,000
“Our average ACV, a 150.”
Gong: Perx was doing $400K to $500K ARR upon her arrival
“It was probably about 400 K, 500 K. An ARR.”
Gong: Cleaning up cap table of Asian billionaires took two years
“But eventually it took me two years to re recap the entire investment table, because we had a lot of strategic investors and, you know, family money in Asia a lot of billionaires on our cap table, so you gotta play.”
Gong: Perx scaling ARR from $1M to $5M in current fiscal year
“We're now into the third year of this enterprise solution that we're going to market, and we had started with 500 K, then one million ARR, and now we're actually closing this fiscal year on five million, so the five X growth.”
Gong: Perx raised Series B at a $27M pre-money valuation
“So we raise our B round on 27 pre-money, this round.”
Gong: Perx CEO owns around 10% equity in Perx
“Around 10.”
Gong: Perx has approximately nine months of cash runway left
“We have about a few million left. We have a nine months runway.”
TOP FOUNDERSLEDGER