Hung Dang
- Founder at Y42
GetLatka interview
How Y42 Reached $800K ARR and 50 Customers in 2021 (Interview with Founder Hung Dang)
Hung Dang (Founder of Y42) spoke to Nathan Latka on November 10, 2021.
Y42 figures from the interview
- ARR (2021)
- $800K
- Customers (2021)
- 50
- Avg Annual Contract Value (2021)
- $20K
- Team Size (2021)
- 70
- Engineers (2021)
- 40
“42 is the answer to everything in the universe. If you have read the hitchhiker's guide to the galaxy, why is, you know like, why why, like, y42? And I'm being very pragmatic here. Hey. It's a 3letter.com domain. Okay? It's that's unbeatable, so you cannot beat us in SEO.”
“So our go to market is very simple. We acquire companies that hire their first data engineer, data analyst, the first data person, so to say. And this data person doesn't wanna stitch together five or six different tools like integration, orchestration, visualization, transformation, whatsoever. And so they wanna go with an all in one tool, and this is why we are the very natural choice for any company that starts out with a data journey.”
“So 10 to 30 k is the annual contract value. So it's somewhere in the middle of the average. It would be around 20 k.”
Bio
Now founder of Y42, Hung started his career in the live-event business. In 2014, he co-founded "Party like Gatsby", a global event series hosting more than 100,000 guests. Driven by thin margins, he developed his own data analytics tool in 2016. Similar to AWS, the tool soon became a company of its own under the name "Mitra Intelligence". Mitra hit a nerve and was acquired in 2018 by a MDAX (German Fortune 100) company. There, Hung, advised the CXO/VPs leading the data platform initiatives w/ a team of 30+ and executing a global rollout. However, Hung was far from finished and did not want to settle for a corporate career: in 2020, he put most of his money back into the business intelligence startup that would eventually become Y42.