10web brings AI website-building to WordPress
Armenia’s 10web brings AI website-building to WordPress
Generative AI has become a game-changer across various domains, including the realm of website construction. Today, a multitude of tools empowers users to articulate their web design visions through simple prompts. Among them stand giants like Wix, alongside ambitious startups like Relume. Emerging onto this dynamic stage is 10web, hailing from the tech-savvy landscape of Armenia, with a bold assertion of superiority.
In the realm of website creation, WordPress reigns supreme but presents a steep learning curve for novices. Unlike its counterparts such as Wix and Squarespace, WordPress demands a deeper understanding of web design principles. Moreover, it lacks integrated hosting services, necessitating users to navigate additional backend complexities.
Despite these challenges, WordPress commands a staggering 40% of all websites online, thanks to its unparalleled customization potential. Meanwhile, Shopify secures its position as the runner-up, especially amid the surge of direct-to-consumer e-commerce ventures, favoring the Canadian platform over Amazon.
Despite these challenges, WordPress commands a staggering 40% of all websites online, thanks to its unparalleled customization potential. Meanwhile, Shopify secures its position as the runner-up, especially amid the surge of direct-to-consumer e-commerce ventures, favoring the Canadian platform over Amazon.
Minasyan’s confidence in 10web stems from the vast WordPress community, boasting two million developers. Since its inception in 2017, 10web has maintained a positive cash flow, with approximately 20,000 paying users and over 1.5 million sites generated.
The company adopts a flexible monetization strategy, offering payment options per website or based on traffic. Plans are underway to introduce a payment system, enabling users to monetize their sites while facilitating revenue sharing with 10web.
With $5 million in annual recurring revenue and projections reaching $25 million by next year, 10web’s growth trajectory is impressive. Minasyan attributes this success partly to Armenia’s conducive environment for tech innovation, leveraging abundant and affordable engineering talent.
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Armenia’s emerging tech scene, epitomized by its first unicorn, Picsart, serves as an inspiration for startups like 10web. Given Armenia’s smaller economy, startups often target the U.S. market, capitalizing on local tech expertise while expanding business and marketing operations stateside.
In the competitive landscape of tech entrepreneurship, access to U.S. markets remains pivotal for scaling ventures. As Minasyan notes, the majority of Armenian startups set their sights on the U.S., recognizing the vast opportunities for growth and investment beyond their borders.
