28 Year Old Loom Founder Took Home Estimated $100m at Exit

Loom is a video communication platform that allows users to create and share quick videos to communicate with their colleagues or customers. The platform offers a range of features, including screen recording, webcam recording, and audio recording, which can be combined to create personalized videos. Loom also offers a number of integrations with other tools such as Slack, Gmail, and Asana. The platform is designed to streamline communication and collaboration, particularly in remote or distributed teams. The company was founded in 2015 and is based in San Francisco, California. It has become a popular tool for businesses looking for an efficient and engaging way to communicate with their team and customers.

--------------------------------------
Timestamps:
0:00 - Introduction
8:47 - Revenue of $50m
9:55 - Loom has 1.1m customers
19:07 - Profits
8:53 - Loom raised $14m

--------------------------------------
By the numbers.
See charts and graphs here: https://getlatka.com/companies/loom

2016 (the year Loom was founded)
20 (Shahed Khan's age when he founded Loom)
$975 million (the sale price of Loom in October 2023)
$100 million (estimated earnings for each of the three founders from the exit)
1.2 million (the number of users added between 2016 and 2019)
21,000 (the number of company accounts Loom added users to)
$10 (the monthly price for the paywall introduced in February 2019)
February 19, 2019 (the date when the paywall was launched)
200,000 (the approximate number of monthly active users as of the recent announcement)
$11 million (the amount raised in the recent funding round)
15 million or 20 million (estimations of user numbers required for higher valuations)
$100k to $500k (monthly net burn rate)
16 (the number of employees at Loom)
400 (software founders invested in by Founder Path)
$150 million (total investments by Founder Path)
3-4 (new deals per week in 2024 for Founder Path)
--------------------------------------
Want to get interviewed by Nathan? Apply here: https://getlatka.com/get-interviewed
Subscribe:    / nathanlatkawatch  

Subscribe on Spotify:
https://open.spotify.com/show/3AA9buF...

Subscribe on Apple Podcasts:
https://podcasts.apple.com/us/podcast...

Visit our Website:
https://www.getlatka.com
Twitter:   / latkadata  
Instagram:   / getlatka  

#latka #saas #data