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Gorniak: 99% of Threekit's Brand Clients Are Not Ready for Modern E-Commerce

Matt Gorniak · How ThreeKit Plans to Grow into their $300m+ Valuation, Break $10m Revenue This Year · May 10, 2022 · at 15:39

Matt Gorniak, CEO of 3D visual commerce platform Threekit, discusses enterprise digital readiness with host Nathan Latka.

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“And 99% of the companies we work with Nathan are not ready for even e-commerce. They have e-commerce presence. But they don't understand how to bring the products to life right now.”

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 Matt Gorniak

Prediction Not checkable as stated
Gorniak: Threekit will exit 2022 above $10 million ARR run rate
“We're going to exit much higher than that above 10 this year.”
Matt Gorniak May 10, 2022 ▶ 9:44 How ThreeKit Plans to Grow into their $300m+ Valuation, Break $10m Revenue This Year
Disclosure
Gorniak: Threekit Pricing Ranges from $18k to $500k Annually
“Like our SMB customers are much smaller. They have one product, let's say, and they're typically starting points, 18,000 a year. Big brands, just in general, where the scope is just massive, you're talking a hundred to half a million.”
Matt Gorniak May 10, 2022 ▶ 5:11 How ThreeKit Plans to Grow into their $300m+ Valuation, Break $10m Revenue This Year
Disclosure
Threekit raised $35M in November 2021, reaching $65M in total funding
“And then we just raised thirty five million last November. So we're sixty five million in, in all in.”
Matt Gorniak May 10, 2022 ▶ 12:39 How ThreeKit Plans to Grow into their $300m+ Valuation, Break $10m Revenue This Year
Disclosure
Threekit: Strategic investors in last round include ServiceNow, Salesforce, and Capgemini
“Now, what was cool about the last round, we also got, you know, strategics involved, like, ServiceNow and Salesforce and well, Salesforce was with us even prior around, but ServiceNow was cool. Capgemini.”
Matt Gorniak May 10, 2022 ▶ 13:35 How ThreeKit Plans to Grow into their $300m+ Valuation, Break $10m Revenue This Year
Assertion Not checkable as stated
Threekit maintains a net dollar retention rate between 110% and 120%
“Are you guys above a 110, 120% today? Matt Gorniak: Yeah. Matt Gorniak: And what we're seeing is that's right. Matt Gorniak: That's right.”
Matt Gorniak May 10, 2022 ▶ 17:29 How ThreeKit Plans to Grow into their $300m+ Valuation, Break $10m Revenue This Year
Assertion Contradicted
Gorniak: TaylorMade reached its full-year sales goal in two months with Threekit
“That was a public case study with TaylorMade. I mean, that club that they powered with, they made their sales number in two months for the whole year.”
Matt Gorniak May 10, 2022 ▶ 17:41 How ThreeKit Plans to Grow into their $300m+ Valuation, Break $10m Revenue This Year
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