Simon Woodside, co-founder and CTO of MedStack, explains how MedStack enforces compliance guarantees compared to raw cloud providers.
0:00 / 0:17exact quote · 17.3s
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“This is what really differentiates us from, like, an Amazon or an Azure is, you know, for MedStack, firewalls are on by default, and our customers can't turn them off. We encrypt all incoming communications. By default, you can't turn it off. We back up everything that our customers have, and you can't turn it off.”
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More from Simon Woodside
What-if
Woodside claims MedStack's valuation suffered from being based in Canada
“And then the other thing is, you know, we're a Canadian company, so we don't get the Silicon Valley. If we were a Silicon Valley company, yeah, we would have it would be a different story, but you know what?”
Simon WoodsideDec 21, 2021▶ 10:51MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation
AssertionNot checkable as stated
MedStack averages $1,500 to $2,000 in monthly revenue per customer
“So the average is you know, there's definitely quite the range from small to large, but kind of like typically between, you know, our average is going to fall like 1500 to 2000 US dollars a month.”
Simon WoodsideDec 21, 2021▶ 2:14MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation
AssertionNot checkable as stated
MedStack serves approximately 90 total customers
“I think it's around 90.”
Simon WoodsideDec 21, 2021▶ 3:19MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation
PredictionNot checkable as stated
MedStack projects $2M ARR by the end of 2021
“We're just shy of two million ARR. So it's like probably a little bit less than that, but we'll, we'll be hitting two million ARR by the end of the year.”
Simon WoodsideDec 21, 2021▶ 3:33MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation
Disclosure
MedStack closes $3.1M funding round led by Blu Ventures and Telus
“So we actually just completed a raise of 3.1 million. And so that was led by blue ventures and tell us one of our previous investors investors as well.”
Simon WoodsideDec 21, 2021▶ 4:27MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation
AssertionNot checkable as stated
MedStack estimates its net revenue retention between 110% and 120%
“No, I don't think we're quite there. I think it's, I don't, I think it's like 1.1 or 1.2, something like that.”
Simon WoodsideDec 21, 2021▶ 9:34MedStack Grows 300% TTM, Raises $3.2m Seed at $15m Valuation
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