MedStack

includes MedStack Control

16 statements across 2 episodes · 7 bullish · 2 bearish · 2 people on the record · first statement Apr 15, 2020 by Balaji Gopalan · said 34 times in 2 episodes since 2020 · across every show →

Mentions by year, the whole family

brought up most by Nathan Latka (23), Balaji Gopalan (8), Simon Woodside (3)

mentionsepisodesper episode tap a year for its mentions

2021 7 mentions in 1 episode

MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation Dec 21, 2021 · 7 mentions · from 0:00
every mention in 2021, scene by scene →

2020 27 mentions in 1 episode

1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID Apr 15, 2020 · 27 mentions · from 1:07
every mention in 2020, scene by scene →

every mention, scene by scene, with the transcript →

Everything said about MedStack, oldest first

Apr 15, 2020

Disclosure

Gopalan: MedStack is raising a $500k seed extension

“We are doing a seed extension right now... The extension is a half a million.”

Balaji Gopalan Apr 15, 2020 ▶ 9:16 1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

Apr 15, 2020 positive

Assertion Not checkable as stated

Gopalan: MedStack serves close to 70 customers

“Close to 70.”

Balaji Gopalan Apr 15, 2020 ▶ 6:35 1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

Apr 15, 2020

Disclosure

Gopalan: MedStack has raised $2.3M total to date

“2.3 total since the life of the company.”

Balaji Gopalan Apr 15, 2020 ▶ 7:21 1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

Apr 15, 2020 positive

Assertion Not checkable as stated

Gopalan: MedStack ARPU is slightly over $800 to $850 per month

“It's grown a little bit because of the new business model, but that's very, very recent. So we're probably close to a little bit over eight now, maybe eight 50.”

Balaji Gopalan Apr 15, 2020 ▶ 8:49 1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

Apr 15, 2020 bearish

Prediction Not checkable as stated

Gopalan: A major breach will grind digital health adoption to a halt

“As soon as this mass adoption of this digital health technologies is coupled with a breach, the public trust and the trust of the healthcare enterprises will be dropped and that will grind everything to a halt.”

Balaji Gopalan Apr 15, 2020 ▶ 4:45 1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

Apr 15, 2020 positive

Assertion Not checkable as stated

Gopalan confirms MedStack generates $50K to $60K in monthly revenue

“Yes, we are.”

Balaji Gopalan Apr 15, 2020 ▶ 9:04 1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

Apr 15, 2020

Disclosure

Gopalan: MedStack seeks 100 customers and $1M ARR before Series A

“Basically the reason we're doing the extension is there's things we want to achieve to put us in a better position for a series A. And that was a decision even before the current crisis actually hit. You know, we want to cross the hundred company mark. We want…”

Balaji Gopalan Apr 15, 2020 ▶ 11:40 1726 HealthTech Company Expects To Hit $1m in ARR As Critical Tech During COVID

Dec 21, 2021 negative

What-if

Woodside claims MedStack's valuation suffered from being based in Canada

“And then the other thing is, you know, we're a Canadian company, so we don't get the Silicon Valley. If we were a Silicon Valley company, yeah, we would have it would be a different story, but you know what?”

Simon Woodside Dec 21, 2021 ▶ 10:51 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Dec 21, 2021 positive

Assertion Supported

MedStack differentiates from hyperscalers with enforced, mandatory security defaults

“This is what really differentiates us from, like, an Amazon or an Azure is, you know, for MedStack, firewalls are on by default, and our customers can't turn them off. We encrypt all incoming communications. By default, you can't turn it off. We back up everyt…”

Simon Woodside Dec 21, 2021 ▶ 13:07 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Dec 21, 2021 bullish

Prediction Not checkable as stated

MedStack projects $2M ARR by the end of 2021

“We're just shy of two million ARR. So it's like probably a little bit less than that, but we'll, we'll be hitting two million ARR by the end of the year.”

Simon Woodside Dec 21, 2021 ▶ 3:33 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Dec 21, 2021 neutral

Disclosure

MedStack has grown to 15 full-time employees

“Oh, we're 15 now.”

Simon Woodside Dec 21, 2021 ▶ 7:02 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Dec 21, 2021 positive

Disclosure

MedStack closes $3.1M funding round led by Blu Ventures and Telus

“So we actually just completed a raise of 3.1 million. And so that was led by blue ventures and tell us one of our previous investors investors as well.”

Simon Woodside Dec 21, 2021 ▶ 4:27 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Dec 21, 2021

Assertion Not checkable as stated

MedStack hit Azure quota limits running 750 VMs and databases

“With Azure, we, like, we're hitting quota limits, because we're running, like, a lot of resources. I mean, you know, it's like, 750 different VMs and databases, which may not seem that much for some people running enterprise stuff, but we were certainly hittin…”

Simon Woodside Dec 21, 2021 ▶ 12:00 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Dec 21, 2021

Assertion Not checkable as stated

MedStack serves approximately 90 total customers

“I think it's around 90.”

Simon Woodside Dec 21, 2021 ▶ 3:19 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Dec 21, 2021

Assertion Not checkable as stated

MedStack averages $1,500 to $2,000 in monthly revenue per customer

“So the average is you know, there's definitely quite the range from small to large, but kind of like typically between, you know, our average is going to fall like 1500 to 2000 US dollars a month.”

Simon Woodside Dec 21, 2021 ▶ 2:14 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

Dec 21, 2021 positive

Assertion Not checkable as stated

MedStack estimates its net revenue retention between 110% and 120%

“No, I don't think we're quite there. I think it's, I don't, I think it's like 1.1 or 1.2, something like that.”

Simon Woodside Dec 21, 2021 ▶ 9:34 MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation

MedStack

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