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SaaS Interviews with CEOs, Startups, Founders

1290 How New CEO Rightsized Brightpearl, passed $12m in ARR

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 4 February 2019

⏱️ 22 minutes

🧾️ Download transcript

Summary

Derek O’Carroll is CEO of Brightpearl, a cloud-based ERP built solely for retailers and wholesalers. Co-author of the Omnichannel Survival Guide, Derek is recognised as a leading retail expert leading BP that trades $1.8bn of business globally each year, cementing its position as an invaluable asset for mid-sized merchants seeking a competitive edge.

Transcript

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0:00.0

manage expectations with ambition you got a really really pay close eye to that company was launched in

0:04.8

2008 again bright pearl derrick came in two years ago and helped really right size the business they've got

0:10.8

45 million bucks raised not over 900 customers paying over a grand per month so about 950

0:16.2

called a million bucks a month right now in revenue that's up from from a run rate in 2017 of about 10.1 million

0:22.6

and up from 2016 where they had a run rate ended with a 7.7 million run rate. 13% gross

0:28.7

revenue churn annually said otherwise 102% net revenue retention annually.

0:33.5

Annually, super healthy. Eighty-four people based between Bristol, Austin, Texas, Latvia, and

0:37.3

India.

0:38.3

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

0:44.3

and got filthy rich or crash and burn.

0:49.6

Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines.

0:59.0

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

1:02.3

I had no money when I started the company.

1:04.2

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

1:07.6

We're a bit strapped.

1:08.6

We have like 22,000 customers. With over 5 million downloads

1:14.7

in a very short amount of time, major outlets like Inc are calling us the fastest growing

1:19.6

business show on iTunes. I'm your host, Nathan Latka, and here's today's episode.

1:26.5

Hello, everyone. My guest today is Derek O'Carroll.

1:29.8

He's the CEO of Bright Pearl, a cloud-based ERP built solely for retailers and wholesalers.

1:34.9

He's the co-author of the Omni Channel Survival Guide.

1:37.4

He's recognized as a leading retail expert, leading BP, that trades $1.8 billion of business globally every year,

...

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