Wittyworks

12 statements across 1 episodes · 8 bullish · 1 bearish · 1 people on the record · first statement Apr 3, 2022 by Nadia Fischer · said 7 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (7)

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Everything said about Wittyworks, oldest first

Apr 3, 2022 positive
Disclosure
Fischer: Wittyworks reached $23k MRR and enterprise clients with zero ad spend
“Actually, we didn't have any marketing spent so far either. So that's really cool. It's a lot of content marketing we do, but we didn't have to have any paid advertisement.”
Nadia Fischer Apr 3, 2022 ▶ 9:42 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022
Disclosure
Fischer: Wittyworks charges $180 per seat annually
“It's a license per year of 180 US dollars per year.”
Nadia Fischer Apr 3, 2022 ▶ 2:57 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 positive
Assertion Supported
Fischer: Wittyworks CTO Lukas was previously PHP's global release manager
“He used to be the global release manager of PHP, so that's also really cool when we, you know, when we're looking for tech talent, it's never a problem to find anyone.”
Nadia Fischer Apr 3, 2022 ▶ 10:24 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 positive
Assertion Not checkable as stated
Fischer: Three of Wittyworks' four engineers are women
“Four engineers and three of them are women.”
Nadia Fischer Apr 3, 2022 ▶ 11:54 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 negative
Insight
Fischer: "Ambitious" and "performance" language alienates diverse talent pools
“There's much language out there that is a lot of people do not feel addressed because their socialization is different. So if you also write, yeah, we're really an ambitious team and performance is super important. That's all kind of language that only attract…”
Nadia Fischer Apr 3, 2022 ▶ 1:43 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 positive
Assertion Not checkable as stated
Fischer: Wittyworks serves 32 customers including Microsoft and Intel
“So so 32 customers and some of them really big brands like Microsoft, Intel, Deutsche Bahn so Deloitte, so quite big customers actually.”
Nadia Fischer Apr 3, 2022 ▶ 8:34 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 positive
Assertion Not checkable as stated
Fischer: Wittyworks reduced churn from 9% to 2% post-improvements
“I think we brought, at least we brought it down, I would say, before it was like nine percent, and now we've got it down to two percent when we, you know, made some improvements on the product, but it's still not stable, so we're still working on that.”
Nadia Fischer Apr 3, 2022 ▶ 13:54 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 neutral
Disclosure
Fischer: Wittyworks raised a $750k friends and family round in 2021
“We raised capital mid last year with friends and family around. How much did you decide to raise? A 750 U.S. Dollars, 50,000 U.S. Dollars.”
Nadia Fischer Apr 3, 2022 ▶ 4:38 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 positive
Assertion Not checkable as stated
Fischer: Wittyworks generates $23k in monthly recurring revenue
“It's a 23,000 MRR.”
Nadia Fischer Apr 3, 2022 ▶ 9:05 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 bullish
Prediction Not checkable as stated
Fischer: Wittyworks aims to reach $150,000 to $200,000 ACVs via seat expansion
“Naturally, we're hoping for the compounding effect that now it kind of starts to expand within the companies, and you know, that will reach ACVs of like 150 to 200,000.”
Nadia Fischer Apr 3, 2022 ▶ 3:36 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022
Assertion Not checkable as stated
Fischer: Wittyworks' average contract value is $5,000 to $10,000
“Currently, the average contract values are between, let's say, five and then 10,000, I would say”
Nadia Fischer Apr 3, 2022 ▶ 3:36 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
Apr 3, 2022 positive
Assertion Not checkable as stated
Fischer: Wittyworks converts about 10% of visitors to freemium
“Well, I can tell you that we have a really good rate from our freemium from our visitors to our freemium. That's like a 10%, which is really nice.”
Nadia Fischer Apr 3, 2022 ▶ 13:37 Language Optimization SaaS Hits $23k MRR in 6 Months, 9 FTE's, $3m Valuation
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