Vainu

26 statements across 2 episodes · 7 bullish · 0 bearish · 1 people on the record · first statement Feb 24, 2017 by Pietari Suvanto · said 34 times in 5 episodes since 2017 · across every show →

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Everything said about Vainu, oldest first

Feb 24, 2017
Assertion Not checkable as stated
Vainu Spends Approximately €3,000 to Acquire a New Customer
“It's around, so if it's around 3000 euros that it costs to acquire a new client.”
Pietari Suvanto Feb 24, 2017 ▶ 10:03 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017
Disclosure
Vainu Owns Its Entire Dataset Without Purchasing Third-Party API Access
“We haven't bought any API access to any data providers. So every data that is in our system is owned by us.”
Pietari Suvanto Feb 24, 2017 ▶ 13:19 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017 positive
Assertion Supported
Vainu Grew From Three Co-Founders in 2014 to 80 Employees
“We launched the business, 2014. It was three of us that launched it out and now we are 80 people.”
Pietari Suvanto Feb 24, 2017 ▶ 5:22 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017
Assertion Not checkable as stated
Vainu Trains Its Machine Learning Models on 10 Million Nordic Companies
“We have a very good material, very good teaching set of ten million companies, which we can use as I said, as a teaching material to understand other companies around the world.”
Pietari Suvanto Feb 24, 2017 ▶ 14:09 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017 positive
Assertion Contradicted
Vainu Reached $5 Million Annual Recurring Revenue in 2016
“Total total revenue, or I, I'll, sorry, our ARR was 4.5 million or five million USD, 4.5 million in euros.”
Pietari Suvanto Feb 24, 2017 ▶ 6:28 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017
Assertion Not checkable as stated
Vainu Reports a Monthly Gross Customer Churn of Around 1%
“It's around one.”
Pietari Suvanto Feb 24, 2017 ▶ 9:55 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017
Disclosure
Vainu Plans to Raise Venture Capital by the End of 2017
“So I think the timing will be somewhere end of this year that we will be raising capital most likely, but as you know, you never know, it might be sooner. It might be later. That's the idea.”
Pietari Suvanto Feb 24, 2017 ▶ 11:19 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017
Assertion Not checkable as stated
Vainu Estimates Its Customer Lifetime Value Between €20,000 and €30,000
“It's I mean, if we just calculate the turnout it will be somewhere around, you know, 20, 30,000 euros of course, but we don't have history that much around it because we've, so yeah, we are so young companies on the big renewal basis. The first really big rene…”
Pietari Suvanto Feb 24, 2017 ▶ 10:37 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017 bullish
Prediction Not checkable as stated
Vainu Aims to Reach $1 Million Monthly Recurring Revenue by December 2017
“So it'll be close to a million. Yeah, our goal is one million, and I think we have a realistic shot.”
Pietari Suvanto Feb 24, 2017 ▶ 7:00 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Feb 24, 2017
Disclosure
Over 60% of Vainu's 80-Person Team Works in Go-To-Market Roles
“So around 60, 70% are in sales and the rest of them are in product development. So it's around 50, 60, sixties in sales, marketing, support, CS, and the rest of them are in, in product development.”
Pietari Suvanto Feb 24, 2017 ▶ 9:34 EP 580: Self Funded Vainu SaaS Hits $400K MRR, 1000 Customers To Serve Up Business Data with CEO Pietari Suvanto
Nov 29, 2022 neutral
Disclosure
Suvanto: Vainu has had no concrete acquisition talks with ZoomInfo
“No, not, not, not, not really. I think, of course, the market is very active. The go-to-market space is very active these days. So, of course, discussions are all over the place, but nothing like, nothing concrete and not, not really with the, yeah, zooming fo…”
Pietari Suvanto Nov 29, 2022 ▶ 10:16 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 positive
Assertion Not checkable as stated
Suvanto: Vainu's net dollar retention is slightly above 100 percent
“The net, yeah, the dollar net retention is, is it's actually a hundred, a little bit over a hundred, and then the gross is on, on 85 to 90.”
Pietari Suvanto Nov 29, 2022 ▶ 18:53 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 neutral
Disclosure
Suvanto: Vainu raised $4M while keeping VC ownership to single digits
“We raised four million, so there's an EVC owns maybe a few percentages of us, so, but not significantly.”
Pietari Suvanto Nov 29, 2022 ▶ 8:47 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022
Disclosure
Suvanto: Vainu charges per account and data point, not per seat
“We charge today we charge practically per account and then per data point. So, I mean, if there's a, let's say you want one million companies and then you want like five different data points, then it has a certain, certain price for it. And then we don't char…”
Pietari Suvanto Nov 29, 2022 ▶ 6:14 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 neutral
Disclosure
Suvanto: Vainu currently lacks IP and contact data despite customer demand
“Where we lack things is, yeah, contact data is one, IP-based data is one like outreach tools. I don't, that's something we're not that much into, but of course, if you look at the whole puzzle, I think IP and contact data are the ones that really is being aske…”
Pietari Suvanto Nov 29, 2022 ▶ 11:10 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 positive
Assertion Not checkable as stated
Suvanto: Vainu strategically cut its customer count from 2,500 to 1,200
“I think we had 2500 when we talked last time. Now we have 1200. So what we, we've actually, cause we've shifted the strategy a bit. We get rid of those customers that we felt is not good for our strategy and doubled down on those at work.”
Pietari Suvanto Nov 29, 2022 ▶ 7:09 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022
Assertion Not checkable as stated
Suvanto: Vainu employs 130 to 140 people with three main owners
“So we have like three main owners two founders that are still active and the third one is a shareholder. Then we have around 131 140 people working, and then a very big chunk of those also own the company through shares or option program.”
Pietari Suvanto Nov 29, 2022 ▶ 12:11 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 neutral
Opinion
Suvanto: Vainu competes with ZoomInfo and Clearbit, not PitchBook
“I put ourselves in the zoom info, communism, clear bit mostly in that category. I think that's more, more closer, more to marketing and sales instead of instead of like venture capitals and financial people.”
Pietari Suvanto Nov 29, 2022 ▶ 1:44 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 positive
Insight
Suvanto: Let low-tier churn occur naturally rather than actively firing customers
“Well well we don't pay attention to them. So, I mean, if they want to pay, then they do. But of course that, that customer segment that that we don't want to keep typically the journey is very high. And so, so the problem sort of takes care of them. Itself on …”
Pietari Suvanto Nov 29, 2022 ▶ 7:49 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022
Disclosure
Suvanto: Vainu's average customer pays approximately $10,000 annually
“Is the average customer is around annually, it's like 10,000. So it's gone. It increased a bit. So not that much. But if you look at the spread, how much is the biggest customer paying versus the lowest, that has increased significantly. So we have Customers t…”
Pietari Suvanto Nov 29, 2022 ▶ 4:04 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 neutral
Assertion Supported
Suvanto: Vainu revenue stayed flat while shedding half its customer base
“It's been more or less grown a little bit, but more or less flat.”
Pietari Suvanto Nov 29, 2022 ▶ 8:23 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022
Assertion Not checkable as stated
Suvanto: Vainu bootstrapped to $10M ARR before raising venture capital
“Yeah, like ten million, something like that, yeah.”
Pietari Suvanto Nov 29, 2022 ▶ 9:15 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022
Assertion Not checkable as stated
Suvanto: Approximately 10% of Vainu is owned by non-founders
“Today, maybe around 10% of the company is owned by, ah, outside founders.”
Pietari Suvanto Nov 29, 2022 ▶ 13:13 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 positive
Disclosure
Suvanto: Vainu currently generates between $12M and $13M in ARR
“Yeah, 1213, that's pretty accurate, yeah.”
Pietari Suvanto Nov 29, 2022 ▶ 9:24 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022
Assertion Not checkable as stated
Suvanto: Vainu employs roughly 15 quota-carrying new business sales reps
“New business sales reps, it's, I would say, like, 15 at the moment.”
Pietari Suvanto Nov 29, 2022 ▶ 17:18 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
Nov 29, 2022 neutral
Disclosure
Suvanto: Vainu pivoted from a Nordic focus to global firmographic data
“I think we served Nordic audience. Back in three years ago, we just launched a global product. So now we have now we can serve the customers all over the world. And we're very specialized, not specifically globally, not in contact data, but the firm graphic da…”
Pietari Suvanto Nov 29, 2022 ▶ 2:40 How they hit $12m ARR with just $4m Raised helping RevOps teams with Firmographic Data
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