Yannick Dickel, co-founder of Conveino, discusses the cap table and equity structure resulting from spinning out the software from German industrial corporation TRUMPF.
0:00 / 0:03exact quote · 3.8s
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“Yeah, but only a minority stake in the company, right?”
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More from Yannick Dickel
PredictionNot checkable as stated
Conveino predicts it will triple its $30,000 ARR by year-end
“I'm confident and we, that we can at least triple it by the end of the year.”
Yannick DickelOct 13, 2023▶ 12:33How he spun his software out of a corporation and hit first 5 paying customers
Insight
Ad-hoc Slack recognition channels break down beyond 100 employees
“You can do that for smaller for smaller teams, I'd say up to maybe a hundred people, but in larger organizations and that what we, that's what we target from say 100 to larger than 3005 thousand people. It's hard to get it going with such a Slack channel.”
Yannick DickelOct 13, 2023▶ 4:07How he spun his software out of a corporation and hit first 5 paying customers
Disclosure
Conveino offers channel partners 20% revenue share for two years
“And they're getting up to 20% of revenue of the first two years.”
Yannick DickelOct 13, 2023▶ 8:51How he spun his software out of a corporation and hit first 5 paying customers
AssertionNot checkable as stated
Conveino has reached five paying enterprise customers
“Real paying customers. We've got five right now.”
Yannick DickelOct 13, 2023▶ 9:38How he spun his software out of a corporation and hit first 5 paying customers
AssertionNot checkable as stated
Conveino charges an average of $2 per user per month
“On average, they pay two US dollar per month per user.”
Yannick DickelOct 13, 2023▶ 4:44How he spun his software out of a corporation and hit first 5 paying customers
AssertionNot checkable as stated
Conveino's average deployment ranges from 500 to 1,000 seats
“Probably a bit more, more than like 500 to a thousand.”
Yannick DickelOct 13, 2023▶ 5:48How he spun his software out of a corporation and hit first 5 paying customers
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