AI Tool Profited $70k Last Month on $195k of Revenue. Plans to hit $3m ARR By December then Raise $5m.

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6 • 683 Ratings

🗓️ 10 October 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Rayban and 800 other customers use Wordlift to write meta-descriptions with AI to boost SEO. The company did $195k in revenue last month up from $103k in Sept 2022. He profited $70k and is targeting a $4m raise on a $20m valuation in Q1 of 2024. Can Wordlift hit $3m in revenue by December?

Transcript

Click on a timestamp to play from that location

0:00.0	You are listening to conversations with Nathan Latka, where I sit down and interview the top
0:09.9	SaaS founders, like Eric Wan from Zoom.
0:13.6	If you'd like to subscribe, go to getlatka.com.
0:17.7	We've published thousands of these interviews, and if you want to sort through them quickly by
0:21.8	revenue or churn, cack, valuation, or other metrics, the easiest way to do that is to go to
0:27.4	gitlatka.com and use our filtering tool. It's like a big Excel sheet for all of these
0:31.9	podcast interviews. Check it out right now at gitlatka.com.
0:38.7	Guys, wordlift.io today does $195,000 a month in revenue up from $103,000 a month just a year ago.
0:47.2	They help large brands like Rayban quickly use AI to write meta descriptions for all their thousands of skews and all their sunglasses.
0:55.5	They do that same thing across other brands using their knowledge graph, enabling you to build
0:59.5	a real AI strategy and increase human productivity launching all these descriptions within your
1:05.4	own company's voice based of the data you feed, wordlift.io. He's got 800 paying customers. He profited $70,000 last month,
1:13.6	so really healthy profit margins. Last raise was $800,000 at 5.5 post and we'll be looking to do
1:19.8	his next round in Q4 this year, Q1 next year, targeting $4 to $5 million. It's somewhere around
1:25.1	a $20 million valuation, again, scaling
1:27.9	nicely with a team of 20, seven engineers, five on the sales side.
1:32.9	Hey folks, my guest today is Andrea Volpini. He's a serial entrepreneur and an expert in
1:36.5	semantic web technologies and artificial intelligence space. He's the co-founder and CEO of
1:41.1	Word Lift, a company that specializes in AI-driven SEO solutions. His
1:45.8	experience and focus is on leveraging artificial intelligence to improve web content and enhance
1:51.4	SEO and user experience. Andrea, are you ready to take us to the top? Totally. All right.
1:56.9	Well, I'm thrilled to have you back on. We had you on about a year ago. For those that have
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Nathan Latka, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nathan Latka and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.