Loom

“I think if we were to literally flip the switch tomorrow to say, hey, you can sign up for this, you know kind of like Loom, I think about 10% of those businesses would automatically just say, hey, I'd love to spend 40 dollars a month to be able to remove brand…”

“I honestly think the best thing to do is follow somebody like Neil Patel. He's got a ton of articles on how to build backlinks and then hire a VA and you know, make a loom video. If you're the expert on that, make a loom video and show them how to do it and th…”

“You know, we see that consumer behavior tends to lead the path of enterprise by around two years.”

“Launched the product in June of 2016, and then in two and a half years we went from zero to now 1.1 million registered users in about 21, on about 21,000 companies around the world.”

“I would say above a hundred grand. So, 16 people, half remote, half here in San Francisco.”

“We experimented quite a bit with like a referral system where we would give say like five dollars in Loom credits for every person you'd refer back to Loom. And that kind of encouraged people early on, probably when we were at a 102 100,000 users to invite the…”

“And once premium or once loom pro had launched because we're still like in the mid month, we're expecting anywhere from three to four percent of the existing user base of active users converting over to pro.”

“No, but like, I mean, there's companies similar to Monday that have reached out some who've tried to acquire, you know, for the sole purpose of like, you know, this like basically what we're doing on the asynchronous video side.”

“We did patent, like the way we do our upload and like how we save cost being a video company.”

“We had about we had about eight months of burn when we started to think about our series A and then the process itself, like going from initial meetings to term sheet took about two weeks.”

“There hasn't been any paid marketing done on our end. It's normally been like the community has been talking about Loom.”

“So we have around 200,000 monthly active users.”

“We raised just under fourteen million dollars in total. It was a pre-seed, a seed, and then our series A was most recently led by Kleiner Perkins partner Ilya Fushman, who comes from a background at, from Dropbox.”

“We actually had a growth engineer at one point whose job was solely to launch an experiment once a week.”

“So, so I think like the main difference with like Loom, Loom, it's more like for video sharing. Like if you want to share like an update, it's like perfect, but it's not like build to basically like collect feedback and make decisions. It's not also, it's not …”

“To sum up, it's Loom, but for feedback and decision making, because we add like on top of Loom, a layer of like collaboration together to annotate the video to make decisions and so on.”

“I think like one way they build the product being like super just user centric has some limitation in actually like becoming a platform for the entire organization.”

“Yeah, this would be post revenue. So this was essentially when I think they had raised a series A at this point. And they were trying to figure out how to cast a wider net. Like their goal was to increase work user signups efficiently. And so we launched this …”