Jay Desai
- CEO and Co-Founder at Summaraize
GetLatka interview
How Summaraize Reached $2,000/mo in Revenue with 70 Customers in 2023 (Interview with CEO Jay Desai)
Jay Desai (CEO and Co-Founder of Summaraize) spoke to Nathan Latka on July 27, 2023.
Summaraize figures from the interview
- Monthly Net Volume (June 2023)
- $2,000
- Total Customers (2023)
- 70
- Avg Order Value (2023)
- $28
- Monthly Burn (2023)
- $250
- Team Size (2023)
- 2
“So we have about 30 customers on the actual subscription, but we also have a pay as you go model, and we've required more customers through there. So we have, like, the total of 70 customers, around 70 customers that are basically have paid for the product at some point or another.”
“So our average customer pays us close to $30 a month. I think our the last time I checked our average order value is about $28.”
“Completely bootstrapped. My investment personally was about a $100, which we've way more than over, like, got back at this point. So this point, I kinda consider it as I'm playing with house money essentially.”
Bio
3x First Marketing Hire. Prev helped a startup grow from 6 clients to 400 <1 yr that now exited. Currently Co-Founder of SummarAIze—built MVP in 1 wk through no-code and $100 and Head of Marketing at Captivate Talent building out inbound from 0.