4.6 • 683 Ratings
🗓️ 19 September 2023
⏱️ 25 minutes
🧾️ Download transcript
Are you smarter than everyone else or did you just get lucky? Larry Kim sold his first company for $200m. His second company got down to $500k cash in the bank before he leveraged non-dilutive funding from Founderpath to extend runway. The runway enabled a big pivot and revenue doubled to $3.7m. Can Customers.ai hit $6m ARR this year?
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0:38.4 | Guys, Larry King launched mobile monkey in 2018, grew it to a million revenue very quickly |
0:43.4 | in under a year and then sort of flatlined for a year or two. |
0:47.0 | Got down to a couple hundred thousand cash in the bank and said, man, do I invest money |
0:50.8 | from my last $200 million exit into this thing or do I let the market reprice it? |
0:58.2 | What he decided to do instead was go use non-dilutive capital from Founder Pass, raised a couple hundred grand from us and eventually said he got out of this, did a series A, and it's |
1:02.6 | now over $2 million in ARR for customers.a.I, which is uniquely built a language learning model |
1:08.1 | powered by the early data. He captured off mobile monkey folks, |
1:11.6 | which now enables folks to basically install customers.A.I. And understand when somebody hits |
1:15.9 | their website, what is their email, even if they don't sign up so then go market to those users. |
1:20.4 | He's grown fast now, several customers over 100 grand per year. Hey, folks, my guest today is Larry |
1:25.6 | Kim. He's the CEO of Customers.A.I, the world's fastest growing BDC sales and data platform. He founded WordStream, a major AdWords and Facebook tool provider, which managed billion dollar ad spend and was acquired by Gannett for 200 million in 2018. He's a guest lecturer at Harvard, MIT, and Boston University. Larry, you ready to take us to the top? You got it, Nathan. Let's go. |
1:46.0 | That's awesome. |
1:47.0 | So first off, people might know you from sort of mobile monkey in that world. |
1:50.0 | To be clear, is customers at AI rebrand? |
1:52.0 | Is it the same company? |
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