Jake Kring, founder of digital frame company Skylight, responds to Nathan Latka regarding exit plans and current revenue growth trajectory.
0:00 / 0:08exact quote · 8.5s
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“We saw three X growth this year. If we do that again, I mean, this will be more than double digit million business and, you know, run by a few people.”
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More from Jake Kring
Insight
Founders and VCs rarely align on $5M to $10M exit outcomes
“It's actually fairly rare that entrepreneurs and VCs are totally aligned in that entrepreneurs can have great outcomes with five to ten million dollar businesses, and VCs can't, and that's not their model, and the second they get a whiff that something is movi…”
Jake KringJan 4, 2020▶ 14:261624 Why This Founder is Totally Happy Running 2 Businesses At Once
Insight
Venture capital discards great businesses that do not fit unicorn molds
“There's a lot of great businesses that get, that are sort of the exhaust of the VC ecosystem that get left in the dust because they don't fit the unicorn mold. And that's too bad because a lot of that value gets lost.”
Jake KringJan 4, 2020▶ 15:001624 Why This Founder is Totally Happy Running 2 Businesses At Once
Insight
Strong e-commerce businesses achieve EBITDA margins between 30% and 40%
“Good e-commerce margins are in the 30 to 40 range.”
Jake KringJan 4, 2020▶ 10:081624 Why This Founder is Totally Happy Running 2 Businesses At Once
AssertionNot checkable as stated
Scripted grew 2.5x and turned profitable in 2017
“I, we had a really good year in 2017. We grew it two and a half X. It got profitable under Xenon for really its first time in, in, in scripted history.”
Jake KringJan 4, 2020▶ 5:331624 Why This Founder is Totally Happy Running 2 Businesses At Once
AssertionNot checkable as stated
Parrot QA spends roughly $1,000 per customer acquired via Facebook ads
“Facebook largely is the acquisition channel. It cost me about a thousand dollars to acquire a customer on Facebook.”
Jake KringJan 4, 2020▶ 12:071624 Why This Founder is Totally Happy Running 2 Businesses At Once
Disclosure
Parrot QA averages $100 monthly ARPU across two pricing tiers
“A hundred bucks is our average revenue per user. We have a 49 dollar tier and a one 99 tier, and we sort of split between those. And then we've got a sort of high touch model, but most are in the 49 to one 99.”
Jake KringJan 4, 2020▶ 1:431624 Why This Founder is Totally Happy Running 2 Businesses At Once
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