Mike Adams
- Co-Founder and CEO at Grain Intelligence Inc.
GetLatka interview
How Grain Intelligence Reached $7M Raised and 10,000 Free Signups on a Freemium Model (Interview with CEO Mike Adams)
Mike Adams (Co-Founder and CEO of Grain Intelligence Inc.) spoke to Nathan Latka on May 12, 2021.
Grain Intelligence Inc. figures from the interview
- Total Funding Raised
- $7M
- Free Signups (2021)
- 10,000+
- Team Size (2021)
- 15
- Freemium Conversion Rate (2021)
- 3%
“We did a follow on round that hasn't been announced yet, but it's with Freestyle Capital. And so we did an additional 3,000,000 on a safe there after the price round. So it's been about $7,000,000 total that we raised, and our team is about 15 people.”
“The story was an up round with amazing investor on amazing terms, and we wanted to work together very, very quickly.”
“Right now, we have several hundred paying accounts, then across that, we have a lot of users per account. We have well over 10,000 that have signed up for the product, and obviously you can kind of calculate our conversion rates from there.”
Bio
Mike Adams is the CEO and Co-founder of Grain — a tool that empowers remote teams to record, transcribe, annotate, and share the most important moments from virtual meetings in a highlight reel. He previously co-founded Degreed and MissionU (Acq. by WeWork). Mike believes that recorded conversations and the spoken knowledge they generate fundamentally expand our ability to listen, empathize and connect with each other.