The Ledger
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Devore: DocHub internally targets a $10 million valuation
“I still like the you know, a ten million dollar valuation on it.”
Devore: DocHub charges $7 monthly, less than half of competitors
“Like seven dollars a month or something. And you know, that doesn't, that's basically you know, less than half of what most people are charging for the same thing.”
Devore: DocHub generates $90,000 to $95,000 in monthly recurring revenue
“When you factor in the annual guys you know, we're doing about 90 95 thousand a month.”
Devore: DocHub would consider full acquisition but rejects minority investments
“I mean, you know, if there's a buyer out there who's interested in in, you know, has a good a solid price for doc hub, you know, I'd listen to the offer and you know, but I don't think we want to you know, I don't think we're in a situation where we need to be…”
Devore: DocHub grew from zero to $1M ARR in one year
“Let's go back a year ago where we were making literally zero dollars a month. And what would you value it a year ago? You know, so a year ago by that math, it would have been worth nothing. And now all of a sudden we, you know, we have a million dollars coming…”
Devore: DocHub reached 15 million users and 50 million uploaded documents
“We have basically fifteen million users right now with fifty million documents that have been uploaded.”
Devore: DocHub records 2.6M monthly active users on Google Analytics
“In the last 30 days, according to Google analytics, I think we're at about maybe 2.6 million users and, you know, five you know, plus million maybe documents or sections.”
Devore: DocHub is entirely funded and owned by his prior startup Macroplant
“The money from doc hub is coming from our my previous venture from macro plant. Well, actually it's a, you know, entirely owned by macro plant.”
Devore: DocHub recorded 1,600 new subscriptions and 650 cancellations last month
“Alright, so it looks like in the last 30 days we have 1600 new subscriptions and 650 cancellations.”