The Ledger
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Keynejad: Co-founders must split equity 50-50 to stay fully incentivized
“That's not the right way to do it. If you're doing it that way, then you shouldn't be your co-founder. I mean, like, come on. So you split fifty-fifty. I mean, like, you're going to be doing this for years, hopefully. You're going to make a really big company.…”
Keynejad: Venture capital would not accelerate Veed's current growth rate
“Capital's not going to make us grow any faster right now. I can't see that happening.”
Keynejad: Veed can reach $10M ARR efficiently within two years
“I see a very comfortable, like I kind of see a decent path for the next couple of years to get to the ten million ARR and I think there's a very good possibility we're going to get there and we're going to get there relatively efficiently.”
Keynejad: Veed adds 60 to 80 new paying customers daily
“We did we did 80 yesterday, which is good. Anywhere between like 60 to 80 today, something like that.”
Keynejad: Veed has high monthly customer churn of roughly 13%
“Churn is about 13%, so, you know, much higher than a normal SaaS company, should we say.”
Keynejad: Veed retains about 30% of users after one year
“No, we retain about 30%. So the people that first joined a year ago, we got about 30% of that first cohort still on.”
Keynejad: Veed is generating about $1.5M in ARR
“We did a one million ARR. Yeah we're about one and a half now.”
Keynejad: Veed Is Putting Away Approximately 30% of Revenue
“Three, four months ago, our runway was zero and we'd spend everything we would on, you know, growth and putting it back into the company. Now we're probably putting away about 30%.”
Veed founders paid themselves $2,000 monthly until hitting $1M ARR
“We were paying ourselves about 2000 dollars a month until, I mean, even to the million, I think when we hit a million ARR, we paid ourselves more than 2000 dollars a month.”