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TOP FOUNDERS Assertion Contradicted
Total India and SE Asia MarTech market is only $150M to $200M
“So the challenge for us is that the Indian market is actually quite small, even though the customer base is very large companies don't pay a lot of money yet. So the email market plus the martech business put together would probably be just about 150 odd milli…”
Rajesh Jain Apr 23, 2022 ▶ 9:33 $12m profits, Bootstrapped, $95m ARR out of India
NEON SHOW Prediction Not checkable as stated
Rajesh Jain says India's modern startup wave is irreversible
“So, I think this wave, unlike the 99, 2000 wave, where it lasted for a very short time, This is really substantial and irreversible. And this is really what's going to make the future of India because government in India cannot solve problems. So whether it's …”
Rajesh Jain Feb 14, 2022 ▶ 31:18 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
TOP FOUNDERS Assertion Not checkable as stated
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.”
Rajesh Jain Dec 24, 2024 ▶ 9:46 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Not checkable as stated
Jain: Digital ad tech suffers from $200 billion in acquisition waste
“In ad tech, actually, there's a lot of, there's two hundred billion dollars of waste, you know, in reacquisition and wrong acquisition.”
Rajesh Jain Jul 12, 2023 ▶ 15:47 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
NEON SHOW Assertion Contradicted
Rajesh Jain notes that more than 90% of Freshworks is investor-owned
“Because otherwise, like in Freshworks, more than 90% of the ownership is with investors.”
Rajesh Jain Feb 14, 2022 ▶ 50:57 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Partly supported
Rajesh Jain paused his tech career in 2012 to work for Modi
“In 2012, I stopped because I started, I was doing some work on the political side, which I did for almost six, six and a half years. So at that time, I didn't want to write anything which would I could not be candid about what I was doing, and I did not want t…”
Rajesh Jain Feb 14, 2022 ▶ 54:49 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
TOP FOUNDERS Assertion Supported
Rajesh Jain: US E-Commerce Gets 20% to 40% Revenue from Email
“Because in the U.S., for e-commerce companies, 20 to 40% revenue is coming from email.”
Rajesh Jain Dec 24, 2024 ▶ 5:33 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Partly supported
Jain: Netcore accumulated $100M cash reserves from profits by 2020
“So we built it up to about a hundred million in by 20 20.”
Rajesh Jain Dec 24, 2024 ▶ 6:16 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Not checkable as stated
Jain: Average feature adoption on most SaaS platforms is only 30-40%
“I mean, look at, what is a typical adoption of most SaaS platforms? 30, 40%.”
Rajesh Jain Dec 24, 2024 ▶ 8:32 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Not checkable as stated
Jain: 60% to 70% of Email Users Can View Interactive AMP Content
“So I'd say about 60, 70% of customers typically would be able to see the AMP interactivity”
Rajesh Jain Dec 24, 2024 ▶ 11:29 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Not checkable as stated
Netcore Sends About 35 Billion Emails Monthly
“We send out about thirty-five billion emails a month.”
Rajesh Jain Dec 24, 2024 ▶ 12:01 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Supported
Rajesh Jain: India World sold for $115M at 166x revenue
“We were the first, started very close to the time Yahoo and eBay did, and I sold it five years later for hundred and fifteen million dollars. 166 times revenue.”
Rajesh Jain Jul 12, 2023 ▶ 4:40 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
TOP FOUNDERS Prediction Didn’t hold up
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.”
Rajesh Jain Apr 23, 2022 ▶ 12:02 $12m profits, Bootstrapped, $95m ARR out of India
TOP FOUNDERS Assertion Contradicted
Netcore Cloud historically operates at 17% to 18% profit margins
“So our profit margins have basically been about 17 to 18%.”
Rajesh Jain Apr 23, 2022 ▶ 12:35 $12m profits, Bootstrapped, $95m ARR out of India
TOP FOUNDERS Assertion Not publicly verifiable
Netcore Cloud has been consistently profitable for 15 years
“We've been profitable for 15 years.”
Rajesh Jain Apr 23, 2022 ▶ 13:19 $12m profits, Bootstrapped, $95m ARR out of India
TOP FOUNDERS Assertion Not checkable as stated
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 Apr 23, 2022 ▶ 18:27 $12m profits, Bootstrapped, $95m ARR out of India
NEON SHOW Assertion Supported
Rajesh Jain: IndiaWorld was the first Indian internet website
“And it was the first internet website, first Indian, of course, internet website.”
Rajesh Jain Feb 14, 2022 ▶ 8:19 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Supported
IndiaWorld's valuation surged from $40M to $115M in just three weeks
“In the space of three weeks, our valuation went up from the forty million stock offer that mail.com had given, To a hundred and fifteen million dollar largely cash offer from DSP Merrill Lynch.”
Rajesh Jain Feb 14, 2022 ▶ 21:04 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Partly supported
Sify's market cap surged $700M overnight after announcing the IndiaWorld acquisition
“Their stock, After the deal was announced, that same night, went up by seven hundred million dollars, and kept rising on subsequent days, which enabled them to do a secondary offering, diluting very little, which then got them the additional money that they ne…”
Rajesh Jain Feb 14, 2022 ▶ 23:56 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Prediction Held up
India's digital transacting audience will soon reach 200 to 300 million
“So the hundred million audience, which is there today, transacting audience, will become 200,000,300 million.”
Rajesh Jain Feb 14, 2022 ▶ 32:36 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Supported
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 Feb 14, 2022 ▶ 42:44 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
TOP FOUNDERS Assertion Supported
Jain: IndiaWorld was sold for $115 million
“A 115.”
Rajesh Jain Dec 24, 2024 ▶ 1:27 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Contradicted
Jain: Indian Mutual Funds Collect Monthly SIP Payments Inside Email
“I mean, we have companies in India for mutual funds collecting those what they call SIP in India, systematic monthly payments for funds. All of that's now happening inside email.”
Rajesh Jain Dec 24, 2024 ▶ 13:33 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Supported
Jain: WhatsApp has over 100M US users
“A hundred million plus users in the U.S. On WhatsApp. That's probably about 30, 40% of the adult population.”
Rajesh Jain Dec 24, 2024 ▶ 16:08 Private, Bootstrapped, & Profitable: How Rajesh Jain Scaled to Over $100M As a Solo Founder
TOP FOUNDERS Assertion Supported
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 Jul 12, 2023 ▶ 2:16 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
TOP FOUNDERS Assertion Not checkable as stated
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.”
Rajesh Jain Jul 12, 2023 ▶ 3:04 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
TOP FOUNDERS Assertion Not checkable as stated
Rajesh Jain succeeded twice and failed 30 times in 30 years
“In my 30 years as an entrepreneur, I've succeeded two times. I've failed 30 times. That's an average of one a year.”
Rajesh Jain Jul 12, 2023 ▶ 17:44 Startup to $100Mn Proficorn: Building an enduring, bootstrapped, profitable and valuable SaaS business
TOP FOUNDERS Assertion Supported
Satyam Infoway acquired IndiaWorld for $115M in all-cash 1999 deal
“We got a very good exit when Satya Minfoway, which was listed on NASDAQ, Sifi, bought my company for hundred and fifteen million, primarily pretty much all cash. In November, 99, we sold, I think, at the right time, just before.”
Rajesh Jain Apr 23, 2022 ▶ 6:46 $12m profits, Bootstrapped, $95m ARR out of India
NEON SHOW Assertion Not checkable as stated
IndiaWorld managed 200 sites and hosted most large Indian corporates
“In those five years that I ran India World, we had two or 200 sites that we managed. Most of the large corporates were either created and hosted with us, or at least hosted with us.”
Rajesh Jain Feb 14, 2022 ▶ 13:09 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Not checkable as stated
Samachar.com became the primary start page for overseas Indians
“Samachar was just one page with hundred links, you know, more, more. Every five items per publication updated every 30 minutes. And that became the start page for most Indians outside of India.”
Rajesh Jain Feb 14, 2022 ▶ 16:07 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Supported
Satyam Infoway was the first Indian internet company to IPO on Nasdaq
“Satyam Infoway had become the first Indian internet company to IPO on Nasdaq.”
Rajesh Jain Feb 14, 2022 ▶ 20:05 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Supported
India averaged $100M per day in venture funding during 2021
“So in 2021, we had hundred million dollars come into India on average every day.”
Rajesh Jain Feb 14, 2022 ▶ 29:57 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Supported
EaseMyTrip went public having never raised a single dollar of capital
“If you look at, ah, ease my trip. When they did the IPO, they had not raised any external capital. And even for the IPO, it was the secondary offering, you know, promoters sold.”
Rajesh Jain Feb 14, 2022 ▶ 46:40 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
NEON SHOW Assertion Partly supported
Rajesh Jain wrote daily on his blog Emergic.org from 1999 to 2012
“So from 1999 till 2012, I wrote every day. Emergic.org was my first blog.”
Rajesh Jain Feb 14, 2022 ▶ 54:35 Rajesh Jain On The Country’s First Dot-Com Acquisition For $115M!
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