Assertion certainty 4/5 debate potential 2/5

Goldcast offsets 20% gross churn with 30% account expansion

Palash Soni · New Event Tool Worth $40m with $2.5m in ARR, Raising More Now · Apr 22, 2022 · at 15:31

Goldcast CEO Palash Soni breaks down the gross churn and expansion components behind the company's net revenue retention.

0:00 / 0:06exact quote · 6.8s

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“So off this, we will, let's say we started with a hundred dollars. We will have churned 20 dollars and expanded 30 dollars.”

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The claim, plainly

For every $100 in baseline ARR, Goldcast experiences roughly $20 in gross churn alongside $30 in account expansion.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

How this resolves

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Mentioned

Goldcast

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Opinion

Soni claims Goldcast's martech integrations are 10x better than Hopin

“The third is that our integrations and analytics and all the martech functionalities that, you know, the sales and marketing teams need. They are just The best in the market, tenx better than what, you know, horizontal platforms like Hopin, et cetera, offer.”

Palash Soni Mar 29, 2023 ▶ 6:10 Event SaaS hits $6m in ARR 100% YoY Growth and $128m Valuation on $28m Raise

Prediction Not checkable as stated

Soni predicts Goldcast will cross $10M ARR by end of 2023

“We will easily cross ten million by end of this year, and hopefully we can double next year as well.”

Palash Soni Mar 29, 2023 ▶ 7:24 Event SaaS hits $6m in ARR 100% YoY Growth and $128m Valuation on $28m Raise

Opinion

Soni: Concerns that virtual events cannibalize in-person attendance are unfounded

“I think also the, some of the concerns of people like not coming in person to and watching it virtually are unfounded. I think if given an option, people will attend An in-person event, and I'm saying that as CEO of a digital events company”

Palash Soni Mar 29, 2023 ▶ 14:42 Event SaaS hits $6m in ARR 100% YoY Growth and $128m Valuation on $28m Raise

Opinion

Goldcast positions against Hopin's massive 50K+ attendee trade show focus

“We don't go after, like, the big, you know, 50,000, 100,000 person trade shows, which is what, you know, VFairs hop in, specialize in.”

Palash Soni Mar 29, 2023 ▶ 2:49 Event SaaS hits $6m in ARR 100% YoY Growth and $128m Valuation on $28m Raise

Assertion Supported

Goldcast raised a $28M Series A at $120M post-money valuation

“We raised it at a 120 post money.”

Palash Soni Mar 29, 2023 ▶ 4:32 Event SaaS hits $6m in ARR 100% YoY Growth and $128m Valuation on $28m Raise

Disclosure

Goldcast sustains a net monthly burn rate up to $1M

“Our net burn per month, Nathan, is somewhere between 600 to a million, so it's still high, but.”

Palash Soni Mar 29, 2023 ▶ 6:39 Event SaaS hits $6m in ARR 100% YoY Growth and $128m Valuation on $28m Raise

Goldcast offsets 20% gross churn with 30% account expansion

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