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SaaS Interviews with CEOs, Startups, Founders

1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 21 November 2018

⏱️ 21 minutes

🧾️ Download transcript

Summary

Mat Ellis founded Cloudability in April 2011 and is its CEO. Prior to Cloudability, Mat held executive positions with four startups, and key technology roles at Frito-Lay, Pepsi Cola and Goldman Sachs. He currently sits on the boards of the Oregon Entrepreneurs Network and the Technology Association of Oregon. Originally from the UK and now residing in Portland, Mat is well known as a mentor and advisor to startups across the US.

Transcript

Click on a timestamp to play from that location

0:00.0

It's going to take longer to get to that island than you think. You know, he's doing some consulting

0:03.3

work than one on vacation, you know, consulting with cloud clients, sending them emails each day,

0:08.0

each month saying what they spent on cloud over the past month and what he thinks they're going

0:11.5

to spend. It was working fine until he came back from a vacation and his inbox was totally flooded.

0:15.5

The thing broke and he realized then there was a massive need here. Launched a company officially in 2011. Now it's 130 people helping you spend and really optimize your cloud spend more efficiently so you can

0:25.9

handle more, playing in a space that's obviously growing year-over-year aggressively. They

0:29.9

control about 11, or they have about 11% of total spend that goes through AWS, it goes

0:33.8

through cloudability rates. 32 million bucks in equity, obviously more than that when you put on MES and venture debt.

0:40.5

Two-Xing a year over a year north of $20 million in ARR today, hoping to break $50 million next year.

0:45.0

Over 100% net revenue retention annually as well.

0:47.8

Healthy company.

0:49.1

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

0:55.6

filthy rich or crash and burn. Each episode features revenue numbers, customer counts, and other

1:04.9

insider information that creates business news headlines. We went from a couple hundred thousand dollars to 2.7 million.

1:12.6

I had no money when I started the company.

1:14.6

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

1:17.6

We're a bit strapped.

1:18.6

We have like 22,000 customers.

1:22.6

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

1:26.6

major outlets like Inc are calling us the fastest growing business show on iTunes.

1:32.4

I'm your host, Nathan Latka, and here's today's episode.

1:36.7

Hello, everyone.

...

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