Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Rewind pivoted from its previous product, Scribe.ai—a Zoom bot that recorded meetings and turned them into searchable transcripts—as the AI-powered call recording app category got crowded with competitors like Otter.ai, Grain, Fathom, Fireflies.ai, and Multi and as every B2B SaaS app got “Gong-ified,” tacking on call recordings as a feature.</li><li>Last month, Rewind launched the AI wearable Pendant to capture both on- and offline conversations, announced it was returning its focus back to meeting recordings and split meeting recordings into a separate platform from Rewind branded as Limitless.</li><li>Today, Limitless is a multi-product company with $2.2M ARR split across two different apps—Limitless with $100K ARR and $1.3M in Pendant sales and Rewind, which is no longer receiving updates, with $2.1M ARR.</li></ul>

Rewind pivoted from its previous product, Scribe.ai—a Zoom bot that recorded meetings and turned them into searchable transcripts—as the AI-powered call recording app category got crowded with competitors like Otter.ai, Grain, Fathom, Fireflies.ai, and Multi and as every B2B SaaS app got “Gong-ified,” tacking on call recordings as a feature.Last month, Rewind launched the AI wearable Pendant to capture both on- and offline conversations, announced it was returning its focus back to meeting recordings and split meeting recordings into a separate platform from Rewind branded as Limitless.Today, Limitless is a multi-product company with $2.2M ARR split across two different apps—Limitless with $100K ARR and $1.3M in Pendant sales and Rewind, which is no longer receiving updates, with $2.1M ARR.

<ul><li>The release of ChatGPT was one of the best things to happen to us.</li><li>We added $100,000 MRR with influencer marketing.</li><li>We’re still hovering around 16% churn, but I’m still optimistic we can get that number down drastically.</li></ul>

The release of ChatGPT was one of the best things to happen to us.We added $100,000 MRR with influencer marketing.We’re still hovering around 16% churn, but I’m still optimistic we can get that number down drastically.

David Park, CEO And co-founder Of Jenni AI, On Prosumer Generative AI Apps post-ChatGPT

<ul><li>Jenni AI has grown their annual recurring revenue (ARR) by 925% since the ChatGPT-pocalypse that decimated horizontal, prosumer businesses built on GPT-3.</li><li>Jenni AI niched down into the academic essay-writing use case in 2022, getting to ~$560K ARR by the end of the year after verticalizing their “ChatGPT for college students”.</li><li>Sacra estimates that Jenni AI is at $5.1M annual recurring revenue (ARR) as of April 2024, growing 481% year-over-year.</li></ul>

Jenni AI has grown their annual recurring revenue (ARR) by 925% since the ChatGPT-pocalypse that decimated horizontal, prosumer businesses built on GPT-3.Jenni AI niched down into the academic essay-writing use case in 2022, getting to ~$560K ARR by the end of the year after verticalizing their “ChatGPT for college students”.Sacra estimates that Jenni AI is at $5.1M annual recurring revenue (ARR) as of April 2024, growing 481% year-over-year.

Jenni AI: The $5M/year Chegg Of Generative AI

Malaysia

Writing tool for students generating essays with AI suggestions and auto-citations

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Jenni AI (AI MY)

Apple Vs. Limitless Vs. Gong

TL;DR: Last month, Rewind AI (valued at $350M) hit $2.2M in annual recurring revenue (ARR) rebranded as Limitless and announced the AI wearable...

Sacra

David Park, CEO And co-founder Of Jenni AI, On Prosumer Generative AI Apps post-ChatGPT

Sacra interview with Jenni AI CEO and co-founder David Park

Sacra

Jenni AI: The $5M/year Chegg Of Generative AI

TL;DR: Jenni AI has grown their annual recurring revenue (ARR) by 925% since the ChatGPT-pocalypse that decimated horizontal, prosumer businesses...

Sacra

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