Concentricmarket logo
Founded 2010

Concentricmarket

2020 Revenue

$3.2M

YOY

113.33%

Funding

$4.7M

Overview

About Concentricmarket

We are a software company that develops Concentric Market, a simulation application that helps you design the right go-to-market strategy.

Monthly Revenue

$266.7K

+ $141.7K (113.33%)
Total Expenses

$266.7K

=
Net Income

$1.0

Ebidta Margin

0.00%

+
YOY Growth

113.33%

=
Rule of 40

113


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Concentricmarket CEO Greg Silverman on 12/02/2020

Watch the podcast


Headquarters

222 Third Street CambridgeMassachusettsUnited States

Concentricmarket Revenue vs Funding

$Funding$Revenue

Revenue

In 2020, Concentricmarket revenue run rate hit $3.2M in revenue.

4.00%▲113.00%▲$1.4M$1.5M$3.2M

Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?

Concentricmarket has raised $4.7M.

Funding DateRoundTotalValuation
02/22/2019$750.0K
06/04/2018$436.0K
05/30/2017$10.0K
06/09/2016$665.0K
06/26/2015$165.0K
03/08/2011$300.0K

Customers

Concentricmarket has 135 customers.

Lifetime Months

300

×
Monthly ARPU

$14.5K

=
Lifetime Dollars

$4.4M


Acquisition Cost

$130.0K

Average Annual Price

$174.0K

$0$174.0K9 month payback period024681012

Churn

Concentricmarket has an annual churn rate of 4.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-4.00%

Annual Dollar Expansion

20.00%

Net Revenue Retention

116.00%

Team

Employees

Concentricmarket has 42 employees. They have 2 sales reps that carry a quota, an engineering team of 11 and a marketing team of 1.

201820192020160.00%▲5.00%▲
DistributionQty

Total Team Size

42

Engineers

11 (26%)

Sales

2 (5%)

Marketing

1 (2%)

CEO/Founder

Greg Silverman

Recently, Aric Jenkins from Fortune sat down to interview Concentric CEO Greg Silverman about the company, the Concentric Market® platform, and how simulation technology is changing the way that companies predict consumer behavior in order to better serve their market. In this wide-ranging interview, Greg discusses the core values of Concentric, how these values align with the work we do with customers, and the importance of data security to maintaining trust. In addition, Greg talks about the ability of the Concentric system to adjust on the fly, according to the needs of the user, in order to stay up-to-date with what’s happening in their market. “Some of our customers are adjusting their plans every three hours, some every three weeks. But the idea is to be empowered to respond to the changes they see.


CEO Q&A

What's your age?

55

Favorite online tool?

Linkedin

Favorite book?

Scale

Favorite CEO?

No

Advice for 20 year old self

Start company earlier


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Frequently Asked Questions about Concentricmarket

When was Concentricmarket founded?

Concentricmarket was founded in 2010.


Who is the CEO of Concentricmarket?

The CEO of Concentricmarket is Greg Silverman


How many employees does Concentricmarket have?

Concentricmarket has 42 employees.

How much revenue does Concentricmarket generate?

Concentricmarket generates $3.2M in revenue.


How much funding does Concentricmarket have?

Concentricmarket has raised $4.7M.


Where is Concentricmarket headquarters?

Concentricmarket is headquartered at 222 Third Street CambridgeMassachusettsUnited States

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