The Ledger
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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.”
Corrigan: Summit Sync reached a $27M annual run rate in 2018
“It was about twenty seven million, by the way. It wasn't 30.”
Corrigan: Summit Sync ARR is above $10 million
“I'm actually not gonna tell you that number, but it's above ten million.”
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.”
Corrigan: Summit Sync operates with 35 payroll staff and 50 partner contractors
“So we have 35 people on our payroll. Loeb Enterprises has 400 other people that are there. We use 50 of them to help us as well. So the team's about, if you think about employees plus the Loeb Enterprises folks, we've got about 85 people working on the busines…”
Corrigan: Summit Sync has raised about $5M in capital
“No, we've raised we raised about five million bucks.”
Corrigan: Summit Sync is looking to raise around $20 million
“So probably we'll end up looking at around twenty million bucks. And that's just to expand sales and marketing and a couple of key adding and building kind of middle management in the middle layer to product and engineering.”
Corrigan: Summit Sync operated for nearly two years with zero revenue
“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.”