Knak

10 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Jul 29, 2024 by Pierce Ujjainwalla · said 22 times in 2 episodes since 2024 · across every show →

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brought up most by Pierce Ujjainwalla (11), Pablo Srugo (11)

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Everything said about Knak, oldest first

Jul 29, 2024
Assertion Not checkable as stated
Knak reached approximately 700 customers in its first 18 months
“And it took off, like, it was super basic, but we were up to, like, 700 customers in the first year and a half.”
Pierce Ujjainwalla Jul 29, 2024 ▶ 11:28 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024 positive
Assertion Not checkable as stated
Ujjainwalla: Knak built its enterprise product via customer-funded IP retention deal
“We built like a custom package for them where they funded a lot of the custom development of our enterprise This product. From the beginning, we would own all of that IP, and it was just such a great partnership because their vision aligned to ours.”
Pierce Ujjainwalla Jul 29, 2024 ▶ 29:08 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024
Disclosure
Ujjainwalla Kept Consulting Business Full-Time Until Knak Reached $1M ARR
“And to be honest, I hadn't left my consulting business when we were doing a million in error because of exactly that. Like the consulting business was still way more successful than NAC was.”
Pierce Ujjainwalla Jul 29, 2024 ▶ 16:17 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024 bullish
Opinion
Ujjainwalla: Knak integrates with Adobe Marketing Cloud better than Adobe does
“We connect better into the Adobe marketing cloud than Adobe does natively. There are lots of integrations that don't exist through products that Adobe all owns that we do.”
Pierce Ujjainwalla Jul 29, 2024 ▶ 27:12 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024 neutral
Prediction Held up
Ujjainwalla: Incumbent marketing platforms will re-enter asset creation via GenAI
“Now, there is a whole new focus on content generation now with generative AI, and so I think a lot of them are going back Back to what we're doing. Cause it's sexy again. Like, hey, there's generative AI images and text, and that fits really nicely into these …”
Pierce Ujjainwalla Jul 29, 2024 ▶ 25:47 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024 bullish
Assertion Not checkable as stated
Ujjainwalla: Knak is well north of $10M in ARR
“When we were the template product, I can just share, like, we're well north of ten million in ARR now.”
Pierce Ujjainwalla Jul 29, 2024 ▶ 38:35 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024
Assertion Not checkable as stated
Ujjainwalla: Knak plateaued at $1M ARR on initial MVP
“Well, yeah, like, it grew super fast, and then we kind of plateaued at a million.”
Pierce Ujjainwalla Jul 29, 2024 ▶ 11:45 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024 negative
Insight
SaaS email templates cause severe churn as users download assets and cancel
“We learned that our product was not sticky because people would just take the templates and cancel their subscription. We learned that templates are not the solution to the problem we were trying to.”
Pierce Ujjainwalla Jul 29, 2024 ▶ 17:50 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024 negative
Insight
Ujjainwalla: Large VC rounds erode bootstrapping spending and hiring discipline
“I really think there's, like, this easy come, easy go mentality that can happen a little bit. Like, before, when we were bootstrapped, it was like, hey, we had to grind to make all this money. And we're going to be super diligent in who we hire, what we spend …”
Pierce Ujjainwalla Jul 29, 2024 ▶ 36:25 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
Jul 29, 2024
Assertion Supported
Pierce Ujjainwalla: Knak bootstrapped to $5M ARR before raising Series A
“Right up until we raised our Series A. So we, yeah, we bootstrapped to five million.”
Pierce Ujjainwalla Jul 29, 2024 ▶ 33:10 He refused to quit his job until $1M ARR—then grew to $5M ARR & closed a $25M Series A. | Pierce ... · PMF Show
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