WatchIt

16 statements across 1 episodes · 7 bullish · 0 bearish · 1 people on the record · first statement Oct 20, 2018 by Dror Ginzberg · across every show →

Everything said about WatchIt, oldest first

Oct 20, 2018
Disclosure
Wochit enterprise contracts range from $50,000 to nearly $1 million
“And usually our clients commit to a certain volume of production, so it could be that they pay on an annual basis anywhere from 50 grand, but it can go up to close to a million.”
Dror Ginzberg Oct 20, 2018 ▶ 3:29 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 positive
Disclosure
Gannett is one of Wochit's largest enterprise clients
“One of our biggest clients is Gannett you know, the owner of USA Today and probably a 140 other properties across the U.S.,”
Dror Ginzberg Oct 20, 2018 ▶ 8:51 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 bullish
Assertion Not checkable as stated
Wochit maintains net negative revenue churn via client expansions
“I can also, I only tell you that we have what it was called the negative churn. Which means eventually we grow like it's we, not only do we keep our clients, we have expansions.”
Dror Ginzberg Oct 20, 2018 ▶ 14:59 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 positive
Assertion Not checkable as stated
Wochit serves hundreds of enterprise clients
“Hundreds, and it's all enterprise clients.”
Dror Ginzberg Oct 20, 2018 ▶ 7:46 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 positive
Assertion Not checkable as stated
Wochit is growing revenue at around 100% year-over-year
“Around a hundred.”
Dror Ginzberg Oct 20, 2018 ▶ 11:24 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 neutral
Disclosure
Media clients ProSieben and SPH later became investors in Wochit
“No, they never invested, although, by the way, other clients of ours did invest, such as ProSieben or SPH and others, which are clients of ours, and they've invested later on.”
Dror Ginzberg Oct 20, 2018 ▶ 9:49 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018
Assertion Not checkable as stated
Wochit generates more enterprise leads than it can currently handle
“So honestly, and very luckily today, as I said, we have more leads than we can take.”
Dror Ginzberg Oct 20, 2018 ▶ 19:55 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018
Disclosure
Wochit avoids long-tail creators to focus exclusively on enterprise clients
“It's mostly enterprise, I say. Every once in a while, there's something like that, but we do not put a lot of focus on, on the community of so to speak, the longer tail. It's mostly enterprise.”
Dror Ginzberg Oct 20, 2018 ▶ 11:33 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018
Insight
Ginzberg: Simple pricing accelerates customer expansion by reducing decision friction
“There's something about the simplicity of our model that is, is very unique, you know, because eventually, you know simple pricing model goes a long way. And when you try to add accesses and criterias and other stuff, it makes things more complex and makes you…”
Dror Ginzberg Oct 20, 2018 ▶ 16:38 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 bullish
Prediction Not checkable as stated
Wochit could break $30 million in revenue in 2018
“When I say not so far away, it could be this year.”
Dror Ginzberg Oct 20, 2018 ▶ 8:16 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 positive
Assertion Not checkable as stated
Wochit expands horizontally across enterprise brands and internal teams
“In most cases, they expand vertically horizontally. So let's say no different teams started to use the platform. So you find yourself in, in, in a situation where either they have multiple brands you know, it's a big enterprise. It has multiple brands. One bra…”
Dror Ginzberg Oct 20, 2018 ▶ 15:50 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018
Disclosure
Wochit spends very little on paid media advertising
“So we don't spend, truly, we don't spend a lot on, on media. Very, very little.”
Dror Ginzberg Oct 20, 2018 ▶ 18:49 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 neutral
Assertion Supported
Wochit has raised $29M in total venture capital
“We've raised we had a few rounds ever since. We've raised a total of 29.”
Dror Ginzberg Oct 20, 2018 ▶ 6:03 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 bullish
Assertion Not checkable as stated
Wochit's ARR is currently north of $10 million
“North of 10.”
Dror Ginzberg Oct 20, 2018 ▶ 8:04 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 neutral
Assertion Supported
Wochit raised a $1M seed round from outside investors
“It wasn't for me and my co-founder, it wasn't the first company, so we had some of our own cash, so we put some of our own cash, but did get, you know, a first million from a seed investor.”
Dror Ginzberg Oct 20, 2018 ▶ 5:37 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
Oct 20, 2018 neutral
Assertion Supported
Wochit employs approximately 60 people
“We're a group of about 60.”
Dror Ginzberg Oct 20, 2018 ▶ 6:21 1183 Why 200 Enterprise Clients Pay Him $10m+ to Scale Video Production
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