Chaudhry: ComnPlus hits $1M ARR via $500k six-month contract
Karan Chaudhry · EP 471: He Just Exited, Now Landds $500k Customer for New Content AI Business ComnPlus with CEO Karan Chaudhry · Nov 7, 2016 · at 6:39
Karan Chaudhry discusses the early traction and revenue run-rate for his new AI personalization startup, ComnPlus.
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“No, we actually got a customer who has given us a half a million dollars for six months. So we already are at a million dollar ARR.”
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More from Karan Chaudhry
Chaudhry: AI content recommendation fails for SMBs due to insufficient data
“The reason why this won't work for SMBs too much is because you need large volumes of data for data science to be very effective. Right. Like if you only have a hundred customers, then you really can't customize too much for them. You need millions of customer…”
Chaudhry: Early-stage high-growth B2B startups spend 50% to 70% on S&M
“Typically what I saw with my last B to B sale company as well was, you know, anywhere between 50 to 70% early on goes into sales and marketing for high growth.”
Chaudhry: ComnPlus targets $500k ACV with $250k–$400k CAC
“The target is, let's put it at 500 K. Two million would be an extreme example. But let's say 500 K and we are saying we'll spend anywhere between two 50 to 400 K in sales and marketing combined on acquiring those customers.”
Chaudhry: Recommendation AI competitors focus on e-commerce, not content
“These companies are doing it, but not a lot of them are targeting the content industry currently. So, you know, they're targeting like, for example, e-commerce companies, customizing it.”