David Chaniak

Founder and Board Member, Phrase · 1 appearance on the record.

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founderexecutiveinvestorphrase.com ↗

David Čaněk is the founder and board member of Phrase, formerly known as Memsource. He founded the Prague-based translation management platform in 2010, bootstrapping it past $5 million in ARR before The Carlyle Group acquired a majority stake in 2020.

9statements → 6claims → 2claims resolved → 3.78/5average certainty → 1/5average debate potential →

2 supported 0 partly supported 0 contradicted 1 not yet assessed 3 not checkable as stated how the 6 claims stand · each chip opens the sources

1 prediction · 5 assertions · 3 disclosures · every statement was checked. The prediction and assertions are the 6 claims: statements the public record can support or contradict. 2 are resolved, 1 is not yet assessed, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how David argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Memsource Generated Approximately $5 Million in Revenue in 2018
“So, so, you know, last year we were at about five million dollars.”
David Chaniak Mar 13, 2019 ▶ 6:07 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
100% certainty 3
100% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of David Chaniak on measured tape to publish a rate. This says nothing about how they speak.

Everything David Chaniak said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Not checkable as stated
Memsource Has About 500 Paying Enterprise Customers
“So we have about 500 paying enterprise customers.”
David Chaniak Mar 13, 2019 ▶ 3:08 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Assertion Open · timeframe Mar 2019
Memsource Grew Revenue 100% Year-Over-Year in 2018
“So we grew a hundred percent year on year last year.”
David Chaniak Mar 13, 2019 ▶ 5:41 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Assertion Supported
Memsource Generated Approximately $5 Million in Revenue in 2018
“So, so, you know, last year we were at about five million dollars.”
David Chaniak Mar 13, 2019 ▶ 6:07 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Prediction Held up
Memsource Will Reach $10 Million in Annual Revenue Next Year
“So if we doubled this year, we would be at ten million. And so we'll be at 10,000,010 million next year.”
David Chaniak Mar 13, 2019 ▶ 6:22 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Disclosure
Memsource Is Bootstrapped and Prioritizes Profitable Growth
“We're bootstrapped. So, so we're, you know, our growth is, is, is You know, needs to be profitable in, in, so, so we need to, you know, we, we're running a company that is a self-financed.”
David Chaniak Mar 13, 2019 ▶ 6:36 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Disclosure
Memsource Attends About 50 Trade Shows Globally Every Year
“So just to give you an idea, we go to about 50 trade shows every year. Across the world.”
David Chaniak Mar 13, 2019 ▶ 15:16 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Disclosure
Memsource Spends Between $6,000 and $10,000 Per Trade Show
“So we're talking, you know, we're talking about, you know, every trade show will, you know, could be something between, you know, like six to 10,000 dollars. So it will be approaching that figure.”
David Chaniak Mar 13, 2019 ▶ 15:39 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Assertion Not checkable as stated
Memsource Reaches Approximately 200,000 Total Users
“And we have about 200 K users.”
David Chaniak Mar 13, 2019 ▶ 3:13 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Assertion Not checkable as stated
Memsource Reaches Headcount of 80 Employees
“So we're 80 currently.”
David Chaniak Mar 13, 2019 ▶ 8:17 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped

Appearances (1)

EpisodeDateSpeaking time
1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped Mar 13, 2019 10m
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