Overview
Veed is an online video editing platform founded in 2018 by Sabba Keynejad and co-founder Tim, who serves as CTO. The company allows users to upload video files directly from its homepage and access editing tools including subtitling, audiogram creation, and content clipping, with a watermark-based freemium model converting free users into paying subscribers. As of August 2020, Veed had reached approximately $1.5M in annual recurring revenue with roughly 5,500 paying customers, all without raising any outside capital. The company was profitable, retaining approximately 30% of cash flow, and was growing through organic SEO, blog content, and a daily YouTube publishing program. The company operated with a team of 20, roughly half of whom were engineers, and was paying its founders $2,000 per month until the $1M ARR milestone. Keynejad stated a target of $10M ARR before seriously considering outside funding.
Connected profiles
Explore
More Video editing products
Sources · 0Sources & provenance
English text is maintained separately from the original record. Consult the original source before citing a fact.
No source links are available for this profile.
Original source text
Names may use phonetic renderings when no English name is supplied. The original wording is retained below.
Veed is an online video editing platform founded in 2018 by Sabba Keynejad and co-founder Tim, who serves as CTO. The company allows users to upload video files directly from its homepage and access editing tools including subtitling, audiogram creation, and content clipping, with a watermark-based freemium model converting free users into paying subscribers. As of August 2020, Veed had reached approximately $1.5M in annual recurring revenue with roughly 5,500 paying customers, all without raising any outside capital. The company was profitable, retaining approximately 30% of cash flow, and was growing through organic SEO, blog content, and a daily YouTube publishing program. The company operated with a team of 20, roughly half of whom were engineers, and was paying its founders $2,000 per month until the $1M ARR milestone. Keynejad stated a target of $10M ARR before seriously considering outside funding.