David Chaniak, founder and CEO of Memsource, discusses his company's historical growth trajectory with Nathan Latka.
Assertion Not checkable as stated
Memsource Has About 500 Paying Enterprise Customers
“So we have about 500 paying enterprise customers.”
Assertion Supported
Memsource Generated Approximately $5 Million in Revenue in 2018
“So, so, you know, last year we were at about five million dollars.”
Prediction Held up
Memsource Will Reach $10 Million in Annual Revenue Next Year
“So if we doubled this year, we would be at ten million. And so we'll be at 10,000,010 million next year.”
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.”
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.”
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.”