Disclosure certainty 3/5 debate potential 1/5

Mitchell: Yac's goal is to hit $1 million ARR in 2021

Justin Mitchell · Yac Is Audio Slack, Hits 10k Weekly Users, Raising $8m on $30m · Feb 11, 2021 · at 18:49

Justin Mitchell, CEO of async voice platform Yac, shares revenue targets and milestones.

0:00 / 0:03exact quote · 3.4s
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“You know, it's really the goal for this year is to hit the million AR.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Justin Mitchell

Disclosure
Mitchell: Yac operates with a completely unenforced paywall
“We don't actually enforce a paywall. So we say we have a paywall, but we don't actually enforce any of it. So it'll say, like, upgrade to get the desktop app. But you can technically still download the desktop app without upgrading. It says upgrade to get, you…”
Justin Mitchell Feb 11, 2021 ▶ 10:30 Yac Is Audio Slack, Hits 10k Weekly Users, Raising $8m on $30m
Disclosure
Mitchell: Yac deliberately prices its monthly subscription just below Slack
“We've even priced this thing specifically around, like, we assume you will have Slack, so we don't be more expensive than Slack. We're going to come right underneath it in terms of a monthly price.”
Justin Mitchell Feb 11, 2021 ▶ 13:10 Yac Is Audio Slack, Hits 10k Weekly Users, Raising $8m on $30m
Insight
Mitchell: Yac users who send group messages retain and never churn
“Like if you start sending group messages, you never turn. Like if you're a group messenger, for some reason, that's like a huge sticking point and you just start to stay with the product. If you've never sent like a group message, we definitely see you churn e…”
Justin Mitchell Feb 11, 2021 ▶ 15:32 Yac Is Audio Slack, Hits 10k Weekly Users, Raising $8m on $30m
Opinion
Mitchell: Yac differentiates by prioritizing internal conversational messaging over broadcasting
“The biggest differentiator here is kind of the social graph side of it, right? So instead of this being content that you're creating and you're putting on a help site somewhere, or you're sending in an email, you're dumping into your slack. All the actual comm…”
Justin Mitchell Feb 11, 2021 ▶ 2:10 Yac Is Audio Slack, Hits 10k Weekly Users, Raising $8m on $30m
Assertion Supported
Mitchell: Yac charges $3 annually or $5 monthly per user
“Annually you're paying three dollars a user. Monthly you're paying five dollars a user.”
Justin Mitchell Feb 11, 2021 ▶ 4:13 Yac Is Audio Slack, Hits 10k Weekly Users, Raising $8m on $30m
Assertion Not checkable as stated
Mitchell: Winning a Product Hunt hackathon drove thousands of free users
“They put us in their newsletter. They put us on their medium blog. They tweeted about us, put us on their Facebook. And then we won the hackathons. We were on the homepage of their website and, All of that resulted in thousands of people coming into the funnel…”
Justin Mitchell Feb 11, 2021 ▶ 5:33 Yac Is Audio Slack, Hits 10k Weekly Users, Raising $8m on $30m
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