Prediction Held up AI assessment confidence: 88% certainty 3/5 debate potential 1/5

Memsource Will Reach $10 Million in Annual Revenue Next Year

David Chaniak · 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped · Mar 13, 2019 · at 6:22

David Chaniak discusses Memsource's financial timeline and revenue growth targets with Nathan Latka.

0:00 / 0:05exact quote · 5.3s
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“So if we doubled this year, we would be at ten million. And so we'll be at 10,000,010 million next year.”

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 David Chaniak

Assertion Not checkable as stated
Memsource Has About 500 Paying Enterprise Customers
“So we have about 500 paying enterprise customers.”
David Chaniak Mar 13, 2019 ▶ 3:08 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Assertion Open · timeframe Mar 2019
Memsource Grew Revenue 100% Year-Over-Year in 2018
“So we grew a hundred percent year on year last year.”
David Chaniak Mar 13, 2019 ▶ 5:41 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Assertion Supported
Memsource Generated Approximately $5 Million in Revenue in 2018
“So, so, you know, last year we were at about five million dollars.”
David Chaniak Mar 13, 2019 ▶ 6:07 1327 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 Chaniak Mar 13, 2019 ▶ 6:36 1327 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 Chaniak Mar 13, 2019 ▶ 15:16 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
Disclosure
Memsource Spends Between $6,000 and $10,000 Per Trade Show
“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.”
David Chaniak Mar 13, 2019 ▶ 15:39 1327 Prague Based Translation Tool Passes $5m in ARR, Bootstrapped
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