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Joe Hyrkin

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How Issuu Grew Past $30M in Revenue and Sold for 9 Figures (Former CEO Joe Hyrkin at SaaS Open 2024)

Joe Hyrkin (Former CEO of Issuu) gave a talk on September 5, 2024.

Issuu figures from the talk

Revenue (2024)
$30M+
Acquisition Price (July 2024)
9-figure all-cash deal
Paying Customers (2024)
65,000
Banker Fees Paid (2024)
$2M+
Year Founded
2007
“I should just say I'm no longer the CEO of Issuu. I was the CEO of Issuu for eleven years eleven and a half years. And we got acquired by Bending Spoons at the end of July.”
“profitable growing north of 30,000,000 in revenue. Good business. Huge number of really happy customers with a million free customers a year, marketers, content creators, 65,000 of them paying Issuu. And we had gotten some inbound interest. And once we got that inbound interest we started talking to folks on the market.”
“The point of it is like we got through it and it didn't actually hurt the business, but it's a distraction, you know, and one of the things that I focus on as a CEO is CEO's main job is to limit distractions.”

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How Issuu Reached Profitability in 2016 and Built a Sustainable Pro-Grow Business (Talk by CEO Joe Hyrkin)

Joe Hyrkin (CEO of Issuu) gave a talk on March 17, 2023.

Issuu figures from the talk

Profitable (2016)
Yes, since September 2016
August 2016 Burn
$22,000
September 2016 Profit
$16,000
Year Founded
2007
“We spent three months really digging into the business. What were the core things that we needed to be looking at? What were the ways in which we needed to innovate around the product? What were the areas that we needed to streamline around our initiatives and around innovation?”
“Freemium companies often give away too much and always trying to test what are the right things to include in the free product as opposed to the paid product. And so we started to really align the value that we're delivering with what we were charging for and began to identify a couple of aspects in the product that we had been giving away for free and we began to experiment with how to incorporate those into the paid plan.”
“Profitability and revenue in general is really a proxy for the value that you're delivering. If you're able to think about this from a perspective of delivering value, then of course you ought to be profitable because the businesses that you're providing tools and services to are finding so much use and so much value from what you're doing that they're willing to pay and they wanna be in a position where you have an ongoing profitable concern.”

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Bio

With more than 20 years of tech sector experience and a proven ability to successfully lead companies from the startup phase through IPO and beyond, Joe joined Issuu in the fall of 2012. He brings significant Silicon Valley experience to the role, having held top executive, business development and product leadership roles at innovative companies backed by major venture firms. Joe served as CEO of Wordnik, where he raised $11.5 million in venture capital funding. Earlier in his career, Joe served as CEO of SingleFeed and as Entrepreneur in Residence at Trinity Ventures. Prior to that, Joe held key sales leadership positions at Gaia Interactive, Yahoo!, Flickr and Virage, Inc. He directed The Economist Group's business in China and has extensive board experience. Joe was educated at the State University of New York at Albany and as a foreign student at Beijing Normal University in China.

Company

Issuu

Palo Alto, United States · Founded 2007

Revenue
$30M
Funding
$40M
Team size
175
Customers
65K

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