Disclosure certainty 5/5 debate potential 1/5

Event Espresso reached scale entirely bootstrapped without outside capital

Seth Shoultes · 1450 20k Customers and $1m in ARR Event Management Company Started as Wife Project · Jul 14, 2019 · at 13:03

Seth Shoultes confirms to Nathan Latka that Event Espresso has not raised any external capital.

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“Yeah, we're completely bootstrapped.”

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 Seth Shoultes

Assertion Not checkable as stated
Event Espresso powers over $100M in monthly WordPress ticket sales
“We're also powering over a hundred million ticket sales per month from our Venespresso platform for WordPress.”
Seth Shoultes Jul 14, 2019 ▶ 3:59 1450 20k Customers and $1m in ARR Event Management Company Started as Wife Project
Assertion Not checkable as stated
Event Espresso and Event Smart generate $80,000 monthly revenue
“Between the two platforms, we're bringing in about 80,000 a month.”
Seth Shoultes Jul 14, 2019 ▶ 4:41 1450 20k Customers and $1m in ARR Event Management Company Started as Wife Project
Assertion Not checkable as stated
Event Espresso has roughly 20,000 paying customers
“We have about Around, I think, 20,000 paying customers.”
Seth Shoultes Jul 14, 2019 ▶ 5:01 1450 20k Customers and $1m in ARR Event Management Company Started as Wife Project
Assertion Supported
WordPress had only 5,000 total plugins in 2009, says Seth Shoultes
“At the time there was only a 5000 plugins, you know, total in the entire WordPress market space.”
Seth Shoultes Jul 14, 2019 ▶ 8:39 1450 20k Customers and $1m in ARR Event Management Company Started as Wife Project
Disclosure
Event Espresso reached $20,000 monthly revenue when Shoultes quit his job
“The company was profitable enough that I could just quit. I could quit my job and pay myself and pay myself. How much was it at that? How much was it doing a month? I think we were doing like 20,000 a month.”
Seth Shoultes Jul 14, 2019 ▶ 11:20 1450 20k Customers and $1m in ARR Event Management Company Started as Wife Project
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