Veed

14 statements across 1 episodes · 5 bullish · 1 bearish · 1 people on the record · first statement Sep 2, 2020 by Sabba Keynejad · said 17 times in 1 episodes since 2020 · across every show →

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2020 17 mentions in 1 episode

Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles Sep 2, 2020 · 17 mentions · from 1:38
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Everything said about Veed, oldest first

Sep 2, 2020

Disclosure

Keynejad: Veed receives about 10,000 website visitors daily

“I mean, I know how many people, you know, we've got about 10,000 people hit the site every day.”

Sabba Keynejad Sep 2, 2020 ▶ 10:14 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020 positive

Disclosure

Keynejad: Veed adds 60 to 80 new paying customers daily

“We did we did 80 yesterday, which is good. Anywhere between like 60 to 80 today, something like that.”

Sabba Keynejad Sep 2, 2020 ▶ 11:35 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020 positive

Assertion Not checkable as stated

Keynejad: Veed is generating about $1.5M in ARR

“We did a one million ARR. Yeah we're about one and a half now.”

Sabba Keynejad Sep 2, 2020 ▶ 2:24 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020

Disclosure

Keynejad: Veed has done zero paid marketing for growth

“No, we haven't done any paid.”

Sabba Keynejad Sep 2, 2020 ▶ 19:01 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020 bullish

Prediction Didn’t hold up

Keynejad: Veed can reach $10M ARR efficiently within two years

“I see a very comfortable, like I kind of see a decent path for the next couple of years to get to the ten million ARR and I think there's a very good possibility we're going to get there and we're going to get there relatively efficiently.”

Sabba Keynejad Sep 2, 2020 ▶ 13:22 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020

Disclosure

Keynejad: Veed has just under 5,500 paying customers

“5000, just under 5500.”

Sabba Keynejad Sep 2, 2020 ▶ 9:31 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020 neutral

Disclosure

Veed founders paid themselves $2,000 monthly until hitting $1M ARR

“We were paying ourselves about 2000 dollars a month until, I mean, even to the million, I think when we hit a million ARR, we paid ourselves more than 2000 dollars a month.”

Sabba Keynejad Sep 2, 2020 ▶ 5:49 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020

Insight

Keynejad: Co-founders must split equity 50-50 to stay fully incentivized

“That's not the right way to do it. If you're doing it that way, then you shouldn't be your co-founder. I mean, like, come on. So you split fifty-fifty. I mean, like, you're going to be doing this for years, hopefully. You're going to make a really big company.…”

Sabba Keynejad Sep 2, 2020 ▶ 3:17 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020 neutral

Assertion Not checkable as stated

Keynejad: Veed has high monthly customer churn of roughly 13%

“Churn is about 13%, so, you know, much higher than a normal SaaS company, should we say.”

Sabba Keynejad Sep 2, 2020 ▶ 17:02 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020

Disclosure

Keynejad: Veed has raised zero outside capital

“No, we haven't raised any money.”

Sabba Keynejad Sep 2, 2020 ▶ 12:51 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020 positive

Assertion Not checkable as stated

Keynejad: Veed Is Putting Away Approximately 30% of Revenue

“Three, four months ago, our runway was zero and we'd spend everything we would on, you know, growth and putting it back into the company. Now we're probably putting away about 30%.”

Sabba Keynejad Sep 2, 2020 ▶ 5:28 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020 negative

Opinion

Keynejad: Venture capital would not accelerate Veed's current growth rate

“Capital's not going to make us grow any faster right now. I can't see that happening.”

Sabba Keynejad Sep 2, 2020 ▶ 13:49 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020

Assertion Supported

Keynejad: Veed's YouTube tutorials capture Google's position zero featured snippets

“We're getting the number zero spot on Google with it.”

Sabba Keynejad Sep 2, 2020 ▶ 20:11 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Sep 2, 2020 positive

Assertion Not checkable as stated

Keynejad: Veed retains about 30% of users after one year

“No, we retain about 30%. So the people that first joined a year ago, we got about 30% of that first cohort still on.”

Sabba Keynejad Sep 2, 2020 ▶ 18:12 Veed Hits $1.3m Revenue, 5,500 Customers Helping Podcasters Create Videos with Subtitles

Veed

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