Shojaee rejects hypothetical $3M acquisition offer for PureChat
Hamid Shojaee · 988 Livechat on Website Wars · Apr 8, 2018 · at 13:26
Hamid Shojaee is the CEO of PureChat. Host Nathan Latka asks whether Shojaee would accept an offer of $3 million (2x to 3x ARR) to sell PureChat.
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“No, no, absolutely not. We raised at a higher valuation than that.”
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More from Hamid Shojaee
PureChat doubled user growth after shifting to a mostly free model
“So we went to this sort of mostly free live chat model about three months ago and we've doubled the rate of growth as a result of that.”
Shojaee: PureChat reached breakeven with $1.3M in ARR
“And we basically for all practical purposes, we're at breakeven point right now. And we're about 1.3 million in revenues right now.”
Shojaee: PureChat has over 4,000 paying customers
“So we actually have over 4000 paying customers right now.”