Lumen5 has reached $100,000 in MRR and a $1M run rate
Michael Cheng · 1408 Quickly Launch Video Creatives With Automatic Tool Lumen5, $100k in MRR · Jun 2, 2019 · at 8:36
Michael Cheng is the founder of Lumen5. He discusses Lumen5's financial performance and revenue milestones with Nathan Latka.
0:00 / 0:06exact quote · 6.5s
720p mp4 · rendered on demand · StarZero watermark
“We just passed a million when I submitted a request for run rate. So we're about a 100,000 us dollars a monthly recurring revenue.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Michael Cheng
Cheng: B2B buyers submit reasonable offers under 'name your price' models
“What I find is that while that may be true, if you're running a consumer model but with businesses, you know, businesses have a budget. They have great respect For other tools and platforms and the price requests that come through are very, very reasonable.”
Ephemeral content formats make hiring traditional video teams unjustifiable
“Something that's changed in the past few years that made the video landscape really interesting is you've got these Instagram stories, Snapchat stories that literally disappear after 24 hours. So you can no longer justify having, hiring out a video team to pro…”
Marketing software benefits from built-in organic distribution by content creators
“Building a product in the marketing industry is really interesting because all of our users and customers also have their own blogs and podcasts, so they love talking about new tools that they've discovered, and so there's a lot of evergreen content out there …”