Assertion certainty 4/5 debate potential 3/5

Mindee has zero logo churn, claims CEO Jonathan Grunpion

Jonathan Grunpion · Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A · Dec 7, 2021 · at 4:04

Mindee co-founder and CEO Jonathan Grunpion explains customer retention dynamics for their developer-focused document parsing API.

0:00 / 0:03exact quote · 3.9s
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“We have no logo churn and a very strong native function rate.”

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 Jonathan Grunpion

Assertion Not checkable as stated
Mindee achieves 200% to 250% net dollar retention after year one
“It's between 202 150 persons after one year.”
Jonathan Grunpion Dec 7, 2021 ▶ 4:54 Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A
Assertion Supported
Mindee signed its first customer in 2019 by displacing incumbent ABBYY
“They call Luca, L-U-C-C-A. And they add an expense management solution and expense management mobile application. And they wanted to improve the user experience when passing receipts. And they were using a company called ABBYY. I don't know the English pronunc…”
Jonathan Grunpion Dec 7, 2021 ▶ 10:22 Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A
Assertion Not checkable as stated
Mindee is growing 15% month-over-month entirely through organic growth
“We are growing 15% monthly only with organic growth.”
Jonathan Grunpion Dec 7, 2021 ▶ 13:37 Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A
Assertion Not checkable as stated
Zero of Mindee's 70 customers are fellow Y Combinator companies
“Zero.”
Jonathan Grunpion Dec 7, 2021 ▶ 16:22 Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A
Disclosure
Mindee charges 10 cents per page on its base pricing tier
“One page is 10 cents on the first pricing grid. And then the more you consume, the more you use the API, the less the marginal price will get.”
Jonathan Grunpion Dec 7, 2021 ▶ 2:45 Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A
Assertion Not checkable as stated
Mindee has approximately 70 active customers as of late 2021
“Today, I don't have the exact number, but it's about 70. I think.”
Jonathan Grunpion Dec 7, 2021 ▶ 12:49 Document Signing API Mindee Hits $1.5m in ARR, Closes $14m Series A
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