Everything Anur Ravan said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Bloomberg and Reuters lack inroads to comprehensive private company data
“Current leaders in this space, I guess, would be the Bloombergs and the Reuters and those types of players who need to cover hundreds of thousands or millions of companies very, very effectively and do not have good inroads to these sources of data that I just…”
Zirra converted nearly 85% of its free users to paid plans
“We just blocked free usage to the service and happily, we were happy to see that most of the customers, almost like 85% of the customers went from free to paid services.”
Ravon: Zirra will reach profitability by the end of 2017
“So I do see us becoming profitable by the end of the year.”
Zirra charges private equity firms $499 to $1,299 per month
“Private equity firms pay us anywhere between four 99 and 12 99, depending on the depth of service that they need to receive and they get either 10 reports, all the way from 10 reports a month to unlimited usage.”
Zirra's average monthly paying customer pays $700 to $800
“About 708 hundred dollars a month.”
Silver Lake and Microsoft heavily used Zirra's platform as free users
“We have Silver Lake a couple of banks in Israel. We started in Israel. We just made the first inroads to the US market I guess six months ago. Microsoft was using us pretty heavily, but free, but for free.”
Zirra crosses $50k in monthly recurring revenue
“Yeah, so we crossed the 50, 50,000 dollars MRR.”
Zirra sells deep due diligence reports for $1,000 to $3,000 each
“There is another product which all three customers convert to, and that is the deep report, which we sell for anywhere between 1000 to 3000 dollars.”
Zirra raised $3M from ex-Microsoft angels, AOL, and Verizon Ventures
“We raised close to three million dollars to date. Mostly angel investors. We have a group of ex-Microsoft executives who's led their angel round. And then we have AOL, Verizon Ventures joined that round.”
Zirra generated $400,000 to $450,000 in total revenue in 2016
“Four 50. 400.”
Zirra aims for a $5M annual revenue run rate by late 2017
“Well, we want to be at a pace, we want to be at a five million pace, at least by the end. So yeah, by the growth rate that we do, we are negotiating a few strategic distribution deals who hopefully will, you know, will triple and quadruple the incoming the inc…”
Ravon: Zirra covers approximately 100,000 companies
“About a 100,000 companies are well covered.”
Zirra charges angel investors $99 per month for basic access
“Angels pay us 99 dollars per month and they get up to three free reports plus discounts on our value-added services.”
Ravon: Zirra analyzed 4,000 companies for 150 free users pre-monetization
“We had about a 150 a 150 users, and we have covered by then about 4000 companies for these 150 customers.”
Ravon: Zirra has 15 committed monthly subscribers
“So if you just look at the ones who are committed to paying a monthly subscription, how many customers are paying that currently?
Right.
15.”
Ravon: Zirra has 40 to 50 habitual single-report buyers
“Actually, about 40 to 50 of these are habitual users who sort of structure their own subscription by being habitual.”