MedStack co-founder and CTO Simon Woodside shares the company's total customer count with Nathan Latka.
What-if
Woodside claims MedStack's valuation suffered from being based in Canada
“And then the other thing is, you know, we're a Canadian company, so we don't get the Silicon Valley. If we were a Silicon Valley company, yeah, we would have it would be a different story, but you know what?”
Assertion Supported
MedStack differentiates from hyperscalers with enforced, mandatory security defaults
“This is what really differentiates us from, like, an Amazon or an Azure is, you know, for MedStack, firewalls are on by default, and our customers can't turn them off. We encrypt all incoming communications. By default, you can't turn it off. We back up everyt…”
Assertion Not checkable as stated
MedStack averages $1,500 to $2,000 in monthly revenue per customer
“So the average is you know, there's definitely quite the range from small to large, but kind of like typically between, you know, our average is going to fall like 1500 to 2000 US dollars a month.”
Prediction Not checkable as stated
MedStack projects $2M ARR by the end of 2021
“We're just shy of two million ARR. So it's like probably a little bit less than that, but we'll, we'll be hitting two million ARR by the end of the year.”
Disclosure
MedStack closes $3.1M funding round led by Blu Ventures and Telus
“So we actually just completed a raise of 3.1 million. And so that was led by blue ventures and tell us one of our previous investors investors as well.”
Assertion Not checkable as stated
MedStack estimates its net revenue retention between 110% and 120%
“No, I don't think we're quite there. I think it's, I don't, I think it's like 1.1 or 1.2, something like that.”