Everything Jack Welde said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Welde: AI translation still requires humans for mission-critical business content
“There's definitely humans involved, and while, while AI and machine translation, you know, computer-generated translation, like something like Google Translate, you know, has gone, undergone some really incredible advances in the last year or so the translatio…”
Welde: Great SaaS companies achieve CAC payback within one year
“I think great SaaS companies, great, great SaaS companies are paying something back inside of a year. You know, acceptable SaaS companies are paying something back inside of between two to three years.”
Welde: Smartling customer contracts range from $10,000 to over $1 million annually
“So our, you know, our customers pay us anywhere from, you know, 10,000 dollars a year, all the way up to, you know, a couple million dollars a year, million, million dollar plus a year.”
Welde: Smartling works with 10,000 contracted translators globally
“Yeah, 10,000 contracted translators around the world.”
Smartling has raised $63 million across four funding rounds
“We raised four rounds of capital. We've raised sixty three million dollars over this entire period.”
Smartling raised a $4 million round after securing three early customers
“We got three customers. Then we went out to the marketplace and we're able to raise four million dollars.”
Smartling raised its early round at a $6M to $10M valuation
“Well, I think by the time we finished it up, by the time we started the round, you know, I think we were in, you know, and we had by then about you know, seven to 10 customers paying us, you know, many, you know, tens of thousands of dollars on a, on an annual…”
Welde: Smartling is rapidly approaching about 500 enterprise customers
“We're at, you know, let's, let's call it rapidly approaching about 500 enterprise customers.”
Welde: Smartling targets retaining 90% to 92% of revenue annually
“We expect that of our existing customer base, we hope that we will retain 90% to 92% of that revenue every year.”
Most Smartling enterprise accounts range between $80,000 and $200,000 annually
“Most of our accounts are, you know, somewhere in the range of sort of, say, let's say, you know you know, in sort of the 80,000 dollar plus range, 80,000 to 200,000 dollar range”
Welde: Smartling's CAC payback period ranges from 18 to 24 months
“Look, we fluctuate like many companies, and we operate sometimes in sort of the You know, 18 month range and sometimes in about the 24 month range.”
Welde reveals Smartling is way above $10 million in ARR
“We've already broken that. We're way above that.”
Welde: Smartling grows at the lower end of 50% to 100% annually
“We're on the lower end of that.”
Jack Welde: Tim Cook is transforming Apple into a SaaS-style leasing model
“I actually really think that you know, I really think that Tim Cook is doing a really pretty incredible job at Apple. I think he had some big shoes to fill, and I think that he recognizes that the iPhone still has a lot of life left into it from a growth persp…”
Welde: Smartling has 200 full-time employees
“Oh, we've got 200 people full-time.”