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Tyler Denk

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How Beehiiv Reached $10.2M ARR with 20,000 Active Publishers in 2024 (Interview with Founder Tyler Denk)

Tyler Denk (Founder and CEO of Beehiiv) spoke to Nathan Latka on June 24, 2024.

Beehiiv figures from the interview

ARR (2024)
$10.2M
Active Publishers (2024)
20,000
Total Funding Raised
$49.7M
“The first is we are a SaaS platform for publishers, content creators, businesses to send email. So anything from Mailchimp, Constant Contact, Substack, like, are kind of the competitors. If you are sending email to your audience or to your customers, we are first and foremost a SaaS platform to send emails. What you hit on is actually the second part, which is we are building an ad network on top of the SaaS platform.”
“Revenue is easy because it actually means you do so many other things. Right? Right? Like, if retention is important to you, but a decrease in revenue will show that you aren't retaining users, or if a decrease or slowing of revenue shows that you aren't attracting the right users to adopt the platform and converting them. So revenue really is the north star, but layers below that is volume of email because we are building an ad network.”
“The fact that 20 to 25% of our active users are earning revenue through our platform, I think is an incredibly positive signal. Also, though our North Star metric really is how many of our users are earning more revenue than they are paying us. Right? Like, you might be paying us $99 a month, but you're earning $6,700 a month through the ad network alone, then we are value additive to your tech stack, which is very unique in the SaaS ecosystem where it's usually just an expense for your business.”

Read the interview →Watch the recording →

Companies

Gardooneh AI

Munich, Germany · Founded 2024

Company profile →

Beehiiv

Los Angeles, United States · Founded 2021

Revenue
$30M
Funding
$49.7M
Team size
142
Customers
20K

Company profile →CEO interview →