Transcript of the Greater Sioux Falls Chamber of Commerce ribbon-cutting ceremony for MarketBeat's new office (YouTube video created/uploaded by Matt Paulson). The event includes host April Myrick, congratulatory remarks from chamber representatives (Carly Solomon, James Gaspar, Scott Morris), and comments from MarketBeat CEO/founder Matt Paulson. Speakers recap MarketBeat’s founding (launched early 2011), community involvement (local projects, donations, events), growth milestones (previous ribbon cutting in 2017 with 2 employees; current staff ~15), audience reach (described as over 4 million subscribers; Paulson later cites 4.4 million) and financial scale (Paulson mentions ~40 million in revenue this year and a goal toward $100 million annual revenue). The ceremony includes presentation of a plaque and the ceremonial ribbon cutting.
Questions this video answers
Early 2011.
Speakers say over 4 million; CEO cites 4.4 million.
Approximately $40 million this year (CEO's statement).
In 2017 there were two employees; at the 2024 ceremony Paulson cites about 15 employees.
2017.
Chapters
Okay, let's try this one more time. Good afternoon, everybody. What a beautiful day for our chamber rubric vetting, right? Well, welcome to the Greater Sea Falls Chamber of Commerce ribbon cutting ceremony for Marquezine. My name is April Myrick with American bank and Trust. And I think we've all been anticipating this big day, right? We've been hearing about it. We're excited for it. Next to me, we have Matt Paulson. He is the CEO and founder of MarketBeat. Matt, there are a number of people behind the ribbon that would like to say a few words of congratulations. But before we get to them, let's read a little bit about their company. MarketBeat was launched in early 2011 by Matt Paulson, founder and CEO with the purpose of empowering individual investors to make better trading decisions by providing real time financial data and objective market analysis. MarketBeat sets out to create a modern news and research platform that is continually innovating for individual stock investors. Backed with the most complete and accurate data available, MarketBeat operates a website and email newsletter that reaches over 4 million subscribers with a ribbon cutting ceremony today. We congratulate MarketBeat on their new office and thank them for their continued investment with the Greater Sioux Fall in Chamber of Commerce.
Thank you.
I feel like today is not only special because you're a member of the chamber, but you're a board of director as well. So not only are you contributing as a member and investment, but you're also contributing your time, which is, I think very valuable and we want to thank you for that. So first up to say a few words of congratulations, we have, representing our diplomat committee, we have Carly Solomon with Marsha Cunningham.
Hello everybody. Matt, I've been spying on you across the way for a long time, so it sounds a little creepy. I've also sent him a couple pictures to say I can see you so clearly. So I look forward to continue to spy on you. I think the coolest thing about Market B is I'm not a stock trader. I don't do anything in the market. And really you're. Your follower base is not here in Sioux Falls for the most part. The coolest thing though is it doesn't matter where your follower base is. You are so committed to this community of Sioux Falls that your thumbprint is all over this city. Whether it's investing in events or our fun town squares downtown Sioux Falls, your service on boards, committees and all the above, you and your team go above and beyond to make sure that your customer base isn't here. You are so integral in this community I'm so excited for you to grow into this space for many years to come. As you continue to grow, can't to see, can't wait to see what's next for Market Beat. And congratulations to you and all of your team.
Thank you, Carly. I think he hit it on the. He nailed it on the head, basically saying all the things that you do for our community, I don't think our, this city knows exactly all the things that you do for just our city, our chamber, for all the nonprofits, etc, you are a valuable asset. We want to thank you for that.
So next up to say a few.
Words of congratulations, representing our professionals network, we have James Gaspar with new state office project.
So Lacey told me I have 15 minutes today. So where are we? So I first met Matt in 2018 at a YPN event. I was 24 years old. I was pretty fresh in my career. Matt and I just hit it off right away. I think we had shared values. We had a common love of Sioux, some common interests like WWE wrestling, and we just had so many opportunities to connect and for me to learn from him, be mentored by him over the last six years, you know, had involved him through ypn. We were in Leadership Sioux Falls together. We're both members of Downtown Rotary. We just have lots of back and forth exchanges on Twitter. So pretty much anything cool that's happening in Sioux Falls Falls, Matt is a part of and I try and get involved in it in any way I can. So when we were in Leadership Sioux falls together in 2020, Matt came to me with an idea and said, hey, I'm working with Steve Hildebrand and we've been talking to the city. We want to build a spray park at Hayward elementary, but it's not in cip. You know, it'll be five years out. So we need to raise some private dollars to make it happen. So Matt and I went to our relationship St. Paul's class. We galvanized that group. We raised over $100,000 and Steve Hildebrand matched it to accelerate that project in the city's CIP and get it done for Hayward Elementary. That's the kind of attitude that Matt brings to any activity in Sioux Falls. He cares so much about this community and making it a better place. Now market beats the company that he could have built anywhere, but he chose to build it here in Sioux Falls. He chose to invest in this community and make a difference here. The community impact that he's had is not just what Matt does, it's what this whole team does. They've had projects like Market Brew and Market Burger, where they've raised money for organizations like B Squad called Freedom. They put on a fireworks show when the city's fourth of July celebration was going to go away. They've invested in DTSF with winter weekends and holiday plazas. They've made an investment into the Kirby Science Center. Market Beat is up there with the big dogs in Sioux Falls as a community leader and as an institution. That is not possible without Matt's leadership and his commitment to this city. So I just want to congratulate Matt, the Market B team on this new office space and for your continued investment in Sioux Falls. And thank you for everything you do here. Thank you, James.
I'm sure he's questioning whether he wants to stay here on a day like today.
Right. So.
All right, Matt, come up. It's your turn to say a few words, introduce your ribbon holders, and tell us how you got here.
So the last time we had a ribbon cutting was in 2017. It was at a coordinating space called the Bakery that's come and gone. And at that time we had two employees and about two mellied into top line revenue. Fast forward seven years, here we are with 15 people, brand new office, 4.4 million subscribers, probably 40 million in revenue this year. So there's been a lot of growth in the last seven years. So it'll be fun seven years from now to see what that looks like. I really do think we are just getting started. I think there's probably about 15 million people in a space that we're trying to target, and we only have four of them.
So I'm just going to try to.
Go get the other 11. So that's the plan for the next few years. And if we can do that, I think we can build $100 million a year business.
So we're.
That's the goal and that's what we're trying to do, and it's going to keep, keep moving along that path and hopefully not get distracted by any shiny objects. So Rebecca was at the last urban cutting and then the other employee, we had time, Stevie, who's since gone on to start a business and moved to Colorado. And then Don joined us in 2017 as well. So as her earliest employees, I thought it made a lot of sense for them to be, you know, holding ribbon today. A lot of other great people on the team. Of course, you know, There are over 15 people where very, very, I don't know, small team, doing a lot. So that's how we operate, and I think we're going to keep doing that. I guess I don't have anything else to say, so I'll see what's happening next.
I think, listen, next is hitting the 11 million or 15 million subscribers.
So let's.
Let's help them get there.
Right?
All right, one last order of business, and that is to cut the ribbon. To present the plaque representing our board of directors, we have Scott Morris.
Thanks, April.
Matt.
Team MarketBeat.
Awesome space. Absolutely beautiful. Awesome business concept. That kind of growth is pretty much unparalleled in most business. It's really remarkable. Awesome community partner. As James so eloquently mentioned, all the things that you do, just congratulate you on that. And all that you're doing, all you've done, all you will do. And one more awesome thing, and that's you join the chamber board. Matt's an awesome board member, so just wanted to say that on behalf of the nearly 2,000 chamber board members and our entire board of directors, I want to present this plaque to officially commemorate from the chamber the opening of this space and the ribbon cutting. And I will hand that to you, Matt. You get to do that, but you also get to cut the ribbon. So congratulations, sir. Job well done and look forward to continue to work with you. And now we get to get that big scissors. Yeah, look at this scissors, people. Have you ever seen one like that? You know, this is just, you know, this is the real deal.
