6 Video Conference Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Video Conference

Here are some real life success stories of starting a video conference:

1. Modelnet ($1.2M/year)

Dmitry Alentyev came up with the idea for Scrile when he was working part-time as a Java developer and tasked with finding feasible projects in the international market. After the 9/11 terrorist attack affected the international market, Alentyev decided to start his own company and offer custom development orders to clients. Over time, they began to create their first business product, WebVideo, which evolved into the ModelNet platform.

How much they make: $1.2M/year
How much did it cost to start: $200K
Current team size: 50

Reflecting On 20 Years Of Developing Video Streaming Solutions [$1.2M/Year]

Scrile, a software development company, created ModelNet, a platform for online video conferencing and live video chat that has earned $1.5M in sales with a margin of 40-50%, and expanded into new markets and niches such as online expert advice and consulting and telemedicine.

About

Dmitriy started Modelnet over 22 years ago

Revenue

Dmitriy grew the business to $100K/month

Costs

It cost Dmitriy $200000 to start the business

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