20VC: $5BN in Revenue, 7 to 7,000 Employees in 9 Months, 206,000 Tests in a Single Day: The Craziest Story in Startups: Curative with Fred Turner
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So our chief scientific officer at Curative had in his spare time developed a COVID test. Lockdowns had just started, everybody was starting to freak out. There was basically nowhere to get a test. What's the single largest contract you signed? In the hundreds of millions of dollars.
I think our peak day was 206,000 people tested in a single day. And the company went from about seven to 7,000 employees in in those first nine months. The total revenue ended up being about 5 billion. over a three year period. We did two and a half million vaccinations.
That was another service we did. We also lost a ton of money on that. That was a terrible business. We're cutting about 80% of our SaaS spend this year. One of our internal meetings, we have a slide of like when are SaaS contracts due and whose job is it to tell them that we're not renewing this year.
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