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SaaS Interviews with CEOs, Startups, Founders

1190 The 1 Metric GitLab CEO Follows Thats Driven $10m+ in ARR

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 27 October 2018

⏱️ 17 minutes

🧾️ Download transcript

Summary

Sid Sijbrandij is the CEO and co-founder of GitLab, a software company that supports the entire DevOps lifecycle in a single application. Originally a computer programmer for a personal submarine company, Sid was first introduced to GitLab while working as a (self-taught) Ruby programming developer. Under Sid's leadership, GitLab has grown from 49 to 267 employees, closed $20 million in Series B funding and delivered on promises to solve the complete developer lifecycle.

Transcript

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0:00.0

Everything will be fine, calm down, relax, enjoy life. He was working on some cool stuff related

0:04.9

to submarines, then decided to go freelance, then fell in love. He almost got married, this beautiful

0:09.1

thing called Ruby on Rails, and eventually found the open source community in 2012, launched

0:13.0

GitLab, which is now helping more 5,000 customers, about 100 seats per logo, so call it 500,000

0:19.2

paying customers, doing somewhere between 10 million

0:21.1

and 100 million in ARR, growing rapidly with their team, their distributed team of 267 people,

0:27.5

healthy economics, 90% logo retention annually and over 175% net annual expansion with their team

0:33.7

of 267 folks. Again, 12-month payback period on a revenue basis, cash basis.

0:38.3

He tries to keep that to zero as they scale and try and double year over year in terms

0:43.0

of net revenue expansion.

0:45.6

This is the top entrepreneurs podcast where founders share how they started their companies

0:51.6

and got filthy rich or crash and burn.

0:56.9

Each episode features revenue numbers, customer counts, and other insider information

1:02.7

that creates business news headlines.

1:06.3

We went from a couple of hundred thousand dollars to $2.7 million.

1:09.5

I had no money when I started the company.

1:11.4

It was $160 million, which is the size of any IPOs.

1:14.9

We're a bit strapped.

1:15.8

We have like 22,000 customers.

1:19.8

With over 5 million downloads in a very short amount of time,

1:23.9

major outlets like Inc are calling us the fastest growing business show on iTunes. I'm your

1:29.3

host, Nathan Latka, and here's today's episode. Hello, everyone. My guest today is Sid C. Brandi.

...

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