Disclosure certainty 4/5 debate potential 1/5

Corrigan: Summit Sync operated for nearly two years with zero revenue

John Corrigan · 1708 You're telling me your MRR is $7.5m with 35 Employees? · Mar 28, 2020 · at 4:05

John Corrigan, founder and CEO of enterprise event platform Summit Sync, describes the company's early origin story and failed consumer business model prior to its B2B pivot.

0:00 / 0:14exact quote · 14.4s
720p mp4 · rendered on demand · StarZero watermark
“We started out as a mobile consumer-based app, kind of Tinder meets business conferences. Did that for about, you know, a year and a half, almost two years. That did, we had a lot of users, but it just, there was no revenue and there's no path to 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 John Corrigan

Assertion Not checkable as stated
Corrigan: Summit Sync acquires 650 to 750 customers weekly
“Yeah, so we're gaining, we are acquiring about 650 to 750 new customers every week.”
John Corrigan Mar 28, 2020 ▶ 1:03 1708 You're telling me your MRR is $7.5m with 35 Employees?
Assertion Not checkable as stated
Corrigan: Summit Sync is growing 10,000% year-over-year
“10,000 percent year over year.”
John Corrigan Mar 28, 2020 ▶ 1:35 1708 You're telling me your MRR is $7.5m with 35 Employees?
Assertion Not checkable as stated
Corrigan: Summit Sync reached a $27M annual run rate in 2018
“It was about twenty seven million, by the way. It wasn't 30.”
John Corrigan Mar 28, 2020 ▶ 19:29 1708 You're telling me your MRR is $7.5m with 35 Employees?
Assertion Not checkable as stated
Corrigan: Summit Sync ARR is above $10 million
“I'm actually not gonna tell you that number, but it's above ten million.”
John Corrigan Mar 28, 2020 ▶ 1:25 1708 You're telling me your MRR is $7.5m with 35 Employees?
Disclosure
Summit Sync prices based on seats and events, not leads
“So it's about seats and number of events versus number of leads. Number of leads, we're not interested in charging you per meeting we're going to drive.”
John Corrigan Mar 28, 2020 ▶ 2:49 1708 You're telling me your MRR is $7.5m with 35 Employees?
Assertion Not checkable as stated
Corrigan: Summit Sync's monthly churn is around 6%
“So right now our churn is around six percent”
John Corrigan Mar 28, 2020 ▶ 8:03 1708 You're telling me your MRR is $7.5m with 35 Employees?
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.