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SaaS Interviews with CEOs, Startups, Founders

1295 They Passed $700k in MRR Heling Developers Launch API's Faster

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 9 February 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

Abhinav Ansthana started Postman a side-project in 2012 to simplify API development. Postman has grown to become an industry standard API Development Environment with more than 5 million users and is used in every country and every industry sector, bringing API developer collaboration to enterprises and individuals alike.

Transcript

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0:00.0

launched a first job didn't do so well bank account down to call it a grand uh back in 2012

0:04.9

answered a question on stack overflow it took off he provided a lot of value doing that he has since

0:09.9

continued to provide a lot of value which is reflected in is over five million users using get postman

0:15.2

dot com again makes api development simple they have over 7000 companies paying them over 8,000 teams. They pay about

0:22.3

100 bucks a month. So call it 700 grand a month in revenue. Growth is healthy. 100 or 200% year-over-year

0:26.9

growth. Less than 10% gross logo churn annually. Their team of 60 people based in Sanfran and

0:33.3

Bangalore. Again, focused on scaling $7 million raised. This is the top entrepreneurs podcast where

0:40.1

founders share how they started their companies and got filthy rich or crash and burn. Each episode

0:48.8

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

0:57.0

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

1:00.0

I had no money when I started the company.

1:02.0

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

1:05.0

We're a bit strapped.

1:07.0

We have like 22,000 customers.

1:10.0

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

1:14.6

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

1:19.6

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

1:23.6

Hello everyone, my guest today is Avinawastana.

1:26.6

He started a company called Postman as a side project in 2012 to simplify API development. The company sends growing to become an industry standard in the API development environment with more than 5 million users. And he's used in every country and every industry sector, bringing API developer collaboration to enterprises and individuals alike.

1:44.9

I mean, now, you're ready to take us to the top?

1:47.6

Yep.

1:48.3

All right.

...

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