TrueConf

“So we were always profitable. So we never raised any capital.”

“We sold our product more than 5000 times during the last five years.”

“So let's think about five percent Of the price of the initial license, we're required to pay to get the updates for the new version. So annually, it's probably around five percent”

“And we upsell to that constant lead flow, not just our full version license. We upsell different PTZ cameras, speaker phones, microphone arrays, AV services to set up conferencing rooms, to provide some audio video peripherals. So we upsell hardware. We also d…”

“So we usually have the conversion rate from the free version to the paid version approximately eight percent.”

“Yeah, it's somewhere between from 20 to one, A hundred millions of dollars per year.”

“So the idea is that because we have a free product, which is very popular we usually have approximately one and a half thousand to 2000 new companies who begin to use the free version of our conferencing server.”

“So we started with 15 people when we decided to do the product and now we have 170 people and two big offices.”

“So the average price for our product, average, is approximately 5000 5000 USD. So . For life.”