4.6 • 683 Ratings
🗓️ 14 March 2019
⏱️ 20 minutes
🧾️ Download transcript
Dan is president and co-CEO of AppDirect, the only end-to-end cloud commerce platform for succeeding in the digital economy, which he co-founded in 2009 with Nicolas Desmarais. He and his co-founder dreamed to someday build a business worthy of the Inc. 500 list. Since starting his entrepreneurial journey, Dan and his co-founder officially launched their company in 2011, raised over $245 million in venture financing and reached a company valuation of more than $1B. The AppDirect ecosystem now powers millions of cloud subscriptions worldwide and connects channels, developers and customers to simplify the digital supply chain by enabling the onboarding and sale of products with third-party services, for any channel, on any device, with support.
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0:00.0 | Have conviction, your vision, keep going. He learned a lot from his furniture company in terms of |
0:03.6 | buying software and the difficulties with it back in 2011 after he graduated, teamed up with his |
0:07.3 | buddies, had his sights out for a big multimillion dollar first deal, hit the ground, run it and |
0:11.2 | learned the hard way. It wasn't going to be so easy, but they've had success. They've scaled |
0:14.8 | the company now over 650 people at App Direct, basically doing what a, you know, a HubSpot might do for marketing and sales. They're doing for e-commerce. |
0:21.4 | Four core products, many more, or sorry, beach heads, many products under each of those beach heads. |
0:27.0 | Again, measuring kind of gross market volume or gross transaction volume across their customers |
0:30.8 | using those products. |
0:31.8 | Super healthy economics, $245 million, bucks raised millions of paying customers. |
0:37.2 | This is the top entrepreneurs podcast where founders share how they started their companies |
0:43.1 | and got filthy rich or crash and burn. |
0:48.4 | Each episode features revenue numbers, customer counts, and other insider information that creates business news headlines. |
0:57.8 | We went from a couple hundred thousand dollars to $2.7 million. |
1:01.0 | They had no money when I started the company. |
1:03.0 | It was $160 million, which is the size of any IPOs. |
1:06.4 | We're a bit strapped. |
1:07.4 | We have like 22,000 customers. |
1:14.4 | With over 5 million downloads in a very short amount of time, major outlets like Inc are calling us the fastest growing business show on iTunes. |
1:20.4 | I'm your host, Nathan Latka, and here's today's episode. Hello, everyone. My guest today is Dan |
1:26.7 | Sacks. He's president and co-seo of AppDirect, the only |
1:29.4 | end-end cloud commerce platform for succeeding in the digital economy, which he co-founded in 2009 with his |
1:34.6 | partner. He and his co-founder dreamed to someday build a business worthy of the Inc 500 list, |
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