launched MemSource translation companies, selling really to freelancers,

translation professionals, launched in 2010, bootstrapped it all the way up today,

500 customers doing past $5 million run rate in December of 2017, hoping to double that

over the next 12 to 24 months to $10 million.

Economics sound like they look good, less than 3% net revenue churn per month,

totally willing to spend at conferences,

you know, spend 10 grand to get five customers, 2KKKKK, with a quick payback period because

they are typically signing up new people at 5 grand a month, all paid up front.

The team of 80 based in remote locations all around the world.

This is the top entrepreneurs podcast where founders share how they started their companies

and got filthy rich or crash and burn. Each episode features revenue numbers, customer counts,

and other insider information that creates business news headlines.

We went from a couple of hundred thousand dollars to $2.7 million.

I had no money when I started the company.

It was $160 million, which is the size of any IPOs.

We're a bit strapped.

We have like 22,000 customers.

With over 5 million downloads in a very short amount of time, major outlets like Inc

are calling us the fastest growing business show on iTunes. I'm your host, Nathan Latka,

and here's today's episode. Hello, everybody. My guest today is David Chania. He's the founder

and CEO of a company called MemSource, a software company providing

cloud-based translation technology, headquartered in Prague, Czech Republic. David, a graduate in

...