David Chaniak, founder and CEO of Memsource, details event marketing expenses including sponsorship and team travel costs.
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“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.”
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More from David Chaniak
AssertionNot checkable as stated
Memsource Has About 500 Paying Enterprise Customers
“So we have about 500 paying enterprise customers.”
David ChaniakMar 13, 2019▶ 3:081327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
AssertionOpen · timeframe Mar 2019
Memsource Grew Revenue 100% Year-Over-Year in 2018
“So we grew a hundred percent year on year last year.”
David ChaniakMar 13, 2019▶ 5:411327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
AssertionSupported
Memsource Generated Approximately $5 Million in Revenue in 2018
“So, so, you know, last year we were at about five million dollars.”
David ChaniakMar 13, 2019▶ 6:071327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
PredictionHeld 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 ChaniakMar 13, 2019▶ 6:221327 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 ChaniakMar 13, 2019▶ 6:361327 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 ChaniakMar 13, 2019▶ 15:161327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
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