Issuu serves over one million freemium users
Joe Hyrkin · Issuu Breaks 40k Brands, $30m ARR, Paying to Manage and Distribute Content · Nov 3, 2021 · at 3:39
Joe Hyrkin, CEO of Issuu, shares the scale of the company's freemium user and customer base.
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“We've got over a million customers. We're a freemium product. Over a million folks are using us.”
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“Not six. I mean unless you're AI right now, you're not getting north of five.”
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“And this firm continued to negotiate with us after we had verbally agreed and kept squeezing and adding in more and more and more and more terms to the point where they started to demand they wanted at one point, an additional point in the company for each mon…”
Issuu raised a $30 million Series C entirely as non-dilutive debt
“All of it was debt. Yep. And the way it works is, you know, there's essentially no dilution. So it's really good for the team and really good for the company.”
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“What they're doing is they're buying companies that have, ah, some pretty good scale kind of revenue in the 25 to two hundred million dollar range, profitable or close to it, and then they go run them They buy to own. It's not a P firm.”