Disclosure certainty 3/5 debate potential 1/5

TakeTask co-founders expect to retain over 50% equity post-Series A

Sebastian Sarzynski · TakeTask is Clickup for Deskless Workers Grows 80% to $2m ARR · Oct 4, 2021 · at 13:09

Sebastian Sarzynski discusses founder equity ownership and dilution projections with Nathan Latka.

0:00 / 0:15exact quote · 15.9s
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“Yeah, me and my founder and my co-founder, we own over 50%. So what we should end up after the A round, it would be slightly above 50%. So after the A round, we would Probably have like 52, 53, something like that.”

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Disclosure
TakeTask built a COVID quarantine app for 9 million Polish citizens
“Our biggest actually client is the Polish government. This is a funny story. It's a, We deployed a COVID monitoring home quarantine monitoring application. So there are like nine million user accounts up to date.”
Sebastian Sarzynski Oct 4, 2021 ▶ 6:03 TakeTask is Clickup for Deskless Workers Grows 80% to $2m ARR
Insight
Charging clients for custom features validates demand and funds development
“So it's a good way to check if the feature is, is, is important for the client, but also it gives you funds to found a feature.”
Sebastian Sarzynski Oct 4, 2021 ▶ 9:16 TakeTask is Clickup for Deskless Workers Grows 80% to $2m ARR
Assertion Not publicly verifiable
TakeTask has a global contract with Shell across four countries
“Now we have a global contract with Shell. We are implementing it in, in already in four countries.”
Sebastian Sarzynski Oct 4, 2021 ▶ 3:05 TakeTask is Clickup for Deskless Workers Grows 80% to $2m ARR
Disclosure
TakeTask averages 4,500 euros per month per customer
“The average deal is about four and a half thousand euros per month.”
Sebastian Sarzynski Oct 4, 2021 ▶ 5:23 TakeTask is Clickup for Deskless Workers Grows 80% to $2m ARR
Assertion Partly supported
TakeTask grew revenue from $100K in 2018 to $1.2M in 2020
“It was like a hundred K, something like this the total revenue. The next year we had 250. And last year we have 1.2 million.”
Sebastian Sarzynski Oct 4, 2021 ▶ 7:55 TakeTask is Clickup for Deskless Workers Grows 80% to $2m ARR
Prediction Held up
TakeTask expects to reach $2M in revenue by the end of 2021
“So we actually have the same revenue as we had last, the total last year. So we should end up with something like two million.”
Sebastian Sarzynski Oct 4, 2021 ▶ 8:24 TakeTask is Clickup for Deskless Workers Grows 80% to $2m ARR
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