Question 1

This is a great idea and I am highly intrigued. I have a few questions in regards to your current traction: 1. As your 2022 revenue was $420k+, approximately how much was your net profit / loss (Unaudited if necessary)? 2. If a loss, when do you anticipate profitability, and h...

Accepted Answer

Hey, Jason 👋 Great questions! Our products are built to return an 85%+ gross margin. That said, we are still heavily investing in R&D and intend to do at least one more large round of venture funding before relying on our revenues to cash flow all of the company's expenses. This means we'll likely continue to operate at a loss for the next two fiscal years. We are a very lean operating company that employs 21 people for less than $140k a month. With our existing and expected US government...

Question 2

How did you arrive at the current $20M valuation? And while your response understandably can't be guaranteed, what is your anticipated position for Native in 5 years? Are you hoping for an eventual acquisition of Native or...?

Accepted Answer

Good Morning Matt 👋 I believe there will be many great opportunities on the M&A front over the next several years. Some businesses like Amazon deeply understand enterprise and consumer markets and can further optimize the cost of sales with their own Infrastructure-as-a-Service and Neural Machine Translation engine, allowing them to scale the technology and serve even more customers globally. Other enterprises like Cisco, Oracle, and IBM would also greatly benefit from acquiring our tech,...

Question 3

Hello, here's a question, because although what you're providing seems very valuable and indeed surprising that it hasn't been done already, what you're laying out appears to be more of a feature than a platform. The concern is that if you're doing B2B, how is this going to in...

Accepted Answer

Hi Kim San 👋 Your question speaks directly to our business's greatest challenge and opportunity! On the one hand, our business would be much easier if our tech could be integrated into existing monolingual instant messaging platforms like Slack, Teams, Jabber, etc., for the reasons you mentioned. On the other hand, the fact that each platform has been developed specifically for monolingual communications and must be wholly rearchitected to support multilingual communications in real time prov...

Question 4

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Accepted Answer

Hey There 👋 Would you mind sharing more about your question or feedback?

Question 5

Ben, Interesting service. Being associated with translation needs at our current customer, I understand the value of a tool like this and also aware of customer apprehension to rely on a tool for such need. There is a great hesitation to rely on machine translated content, esp...

Accepted Answer

Hi, Durganand 👋 Have you downloaded and tested Native Chats from the App Store or Google Play? Just after we released it as a proof-of-concept, the Google Play store called it one of the "new apps we love." The app was used by numerous communities during the COVID-19 pandemic and, more recently, in response to the conflict in Europe. It's a feel-good story for us and demonstrates the need for language-agnostic communication platforms. While I agree that if we were a translation company focuse...

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