Eugene Wu

CEO & Co-founder, Venngage · 1 appearance on the record.

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founderexecutiveengineer@wooyi ↗LinkedIn ↗venngage.com ↗

Eugene Woo is the founder and CEO of Venngage, a visual communications platform launched in 2012 for creating infographics and reports. Prior to Venngage, he created Vizualize.me, an infographic resume platform that won Startup Weekend Toronto.

12statements → 7claims → 0claims resolved → 3.67/5average certainty → 1.5/5average debate potential →

7 not checkable as stated how the 7 claims stand · each chip opens the sources

1 prediction · 6 assertions · 2 insights · 3 disclosures · every statement was checked. The prediction and assertions are the 7 claims: statements the public record can support or contradict. 0 are resolved, and 7 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 Eugene argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

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 Eugene Wu on measured tape to publish a rate. This says nothing about how they speak.

What they said12 Episodes1

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

Insight

Wu: Cash-flowing SaaS companies should avoid VC and follow the Basecamp model

“The real reason is like, I'm pretty happy running the company cashflow. Like I don't know, to be honest, if you're cashflow positive and you can be profitable and you can grow at a sustainable rate, Why? And you're growing at a decent rate enough that you know…”

Eugene Wu Dec 31, 2017 ▶ 22:41 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Assertion Not checkable as stated

Wu: Venngage has over one million users but ignores vanity metrics

“Users. We have like in the millions, like I honestly don't track three users just cause it's a vanity number, but it's over a million. I don't know what it is at the moment. We hit a million a while ago and I have not kept track.”

Eugene Wu Dec 31, 2017 ▶ 8:19 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Assertion Not checkable as stated

Wu: Venngage reaches approximately $250K in monthly recurring revenue

“Around there. We're about two 50 in in MMR. Yeah.”

Eugene Wu Dec 31, 2017 ▶ 8:38 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Insight

Wu: Test keyword conversions with Google AdWords before committing to SEO

“We buy AdWords first just to make sure those words convert. And before we go all in on, on, on, on organic.”

Eugene Wu Dec 31, 2017 ▶ 14:01 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Assertion Not checkable as stated

Wu: Venngage experiences approximately 10% monthly logo churn

“It's about like 10%.”

Eugene Wu Dec 31, 2017 ▶ 18:17 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Disclosure

Wu aims to grow Venngage into a $100M+ company over 10 years

“I want to grow this to like a hundred million plus company. So would you, I mean, obviously we're talking about very long-term here. I'm not talking about in the next, You know, two or three years. I'm talking about next 10 years.”

Eugene Wu Dec 31, 2017 ▶ 21:55 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Disclosure

Venngage launched with $50K from Jolt and government grants

“So we had, you know, there, we had some initial money from Accelerator, like, 50,000 dollars from Jolt. And then we got, you know, a couple of smaller grants from the government. So, but it's mainly bootstrapped.”

Eugene Wu Dec 31, 2017 ▶ 7:20 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Assertion Not checkable as stated

Wu: Paid acquisition represents under 10% of Venngage's customer acquisition

“Our the paid portion of the is less than 10%.”

Eugene Wu Dec 31, 2017 ▶ 19:37 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Prediction Not checkable as stated

Wu: Venngage aims for $300k MRR by year-end 2017

“My targets around 300 by the end of this year.”

Eugene Wu Dec 31, 2017 ▶ 20:07 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Disclosure

Wu retains approximately 70% equity ownership in Venngage

“Around air, actually.”

Eugene Wu Dec 31, 2017 ▶ 20:55 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Assertion Not checkable as stated

Wu: Vizualize.me reached 500,000 registered users in its first year

“Like the first year, I think we had like 15, sorry, like half a million users signed up.”

Eugene Wu Dec 31, 2017 ▶ 3:21 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Assertion Not checkable as stated

Wu: Early Venngage had under five enterprise customers paying $1.5k–$5k monthly

“So we managed to get a few customers that when I met a few, I met like less than five who were paying us Between like 1500 and like 5000 dollars a month to use our tool, which was a lot of money for us.”

Eugene Wu Dec 31, 2017 ▶ 10:41 890 SaaS: Self Serve Infographics Tool Hits $250k MRR

Appearances (1)

Episode	Date	Speaking time
890 SaaS: Self Serve Infographics Tool Hits $250k MRR	Dec 31, 2017	12m

Eugene Wu

The record, in short

How they sound: not measured why? →

Appearances (1)

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