GEODNET customers grow 3x spend in year 2
The average GEODNET customer spends $60K/year in year one and grows to $170K/year by year two — roughly a 3x increase in annual revenue per customer.
Snapshot · All-In with Chamath, Jason, Sacks & Friedberg
All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live
Explore episode
Jun 12, 2026
Where this was said
Multicoin Capital's Kyle Samani pitches GEODNET
At 49:40 · chapter starts 40:20
Kyle Samani pitches GEODNET — the world's largest decentralized RTK network — covering 80% of the global population with 22,000 nodes, $11M ARR growing 3x annually, and 80% revenue used to buy back GEO tokens.
GEODNET: 22,000 nodes, 150 countries, 80% global population
GEODNET has 22,000 base stations deployed across 150 countries covering over 80% of the global population in just 3-4 years.
GEODNET: $11M ARR, growing 3x YoY
GEODNET just crossed $11 million in annualized run-rate revenue, growing more than 3x year over year, with 80% of revenue used to buy back tokens.
GEODNET's Revenue Share: 80% Goes Back to Token Holders
GEODNET buys $8.8M worth of GEO tokens on the open market every year — 80% of all revenue — from customers like John Deere and DJI. At a $150M fully diluted market cap growing 3x annually, it's an astonishingly cheap asset that barely anyone in traditional finance is watching.
GEODNET FDV: ~$150M vs $11M ARR
GEODNET's fully diluted market cap is approximately $150 million on $11M in current annualized revenue growing 3x per year — a very low valuation multiple for a fast-growing network.
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