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SaaS Interviews with CEOs, Startups, Founders

1487 MIT Spinout Passes $120k in MRR Helping With Customer Analytics and Upselling

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 20 August 2019

⏱️ 15 minutes

🧾️ Download transcript

Summary

Abhi is CEO at Zylotech, a technology entrepreneur and customer analytics expert. He has experience of many stages of the lifecycle: startup/boot-strap, venture funding, M&A experience. As an early Customer 360 category pioneer, he’s worked with numerous enterprise brands across the retail, technology and financial industries over the last decade. He is an engineer who holds an MBA from MIT Sloan School of Management.

Transcript

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0:00.0

My new book, How to Be a Capitalist, without any capital is out.

0:03.7

You can get it at Capitalistbook.com.

0:05.8

Here's what Nicholas said on March 6th on Amazon.

0:09.2

Incredibly incisive, useful, and sensible.

0:12.0

The author is not greedy and is, in fact, extremely generous and does not hold back on the

0:16.2

knowledge he imparts.

0:17.5

I've barely made it halfway to the book, and I'm already gushing over the book because

0:20.9

it's an absolute gem. Nathan gets to the point quick shows proof and best of all shows you not just

0:26.2

what to do but how to do it in explicit detail. To say the book is actionable is an understatement.

0:32.2

Now you guys that listen to the podcast know I'm detail oriented so that review might not surprise

0:36.2

you but I hope you grab the book.

0:40.9

It's now a Wall Street Journal, instant national bestseller.

0:43.2

Grab it at capitalistbook.com.

0:44.5

Audible version is available too.

0:52.3

Founded Xilotech back as an MIT spinout in 2014, today doing about 125 grand per month in revenue.

0:55.5

That's up a call it, you know, 250% year over year.

0:59.6

They've just closed another round of funding, so six million bucks funded so far. Fifteen customers paying on average 100,000 bucks there in ACV. Contracts expanding typically year over year between

1:04.4

30 and 60% depending on which cohort or which customer. Again, small base right now. He's willing to spend

1:09.3

about 30,000 bucks to sign a $100,000 customer. So payback period there, call it small base right now. He's willing to spend about $30,000 bucks to sign $100,000 customer.

1:11.8

So payback period there, call it six, seven months.

1:13.9

Team of 35 people based in Boston and other remote locations.

1:18.6

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

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