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Ivan Smolnikov

๐Ÿ‘ค Speaker
139 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Getting back to your question, the question was how many paying customers we have right now.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

I would say close to 300 paying customers at the moment.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And actually around maybe...

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

3,000, 4,000 active users, corporate users on the platform.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

That is a beautiful question.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

You know, we actually are solving this problem in quite a good way because we have a good technology in the core.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And that was our primary idea to build something valuable for people, both for supply and demand.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

and to give it away for free.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Once we have it, people are coming to use our technology, both suppliers and customers.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Suppliers are using our technology, even in case we don't have jobs and customers for them, because they can use technology to work with their own customers to automate the workflow.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And companies can use our technology, you know, without any limitation on number of users and all that legacy artificial limitations from, you know, desktop vendors, how I call them.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And in this case, we have quite a natural way to attract both supply and demand.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And then we start to monetize because we provide them this good matching.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Dealing is actually very tricky on our platform because while translators are translating, we are calculating how many words they have completed in real time.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Wow.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

But this is just a part of the equation.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Actually, we're also calculating how many words, how many sentences were reused from the previous translations this linguist did for this particular customer.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

This is what is called translation memory.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And this allows you to actually cut costs on translation up to 70%.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And we are calculating all that in real time and showing to both parties transparently how many words were completed and how many were reused automatically, just inserted from translation memory into your content and thus generating a huge discount.