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SaaS Interviews with CEOs, Startups, Founders

1602 How He Used Dev Shop Agency to Launch ECommerce AI Tool and Get 36 First Customers

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 13 December 2019

⏱️ 14 minutes

🧾️ Download transcript

Summary

Frank is an Entrepreneur and a Technologist. Frank has launched 100s of sites, 50+ apps, 10s of digital products, launched 9 businesses (4 for himself), delivered a line of high-end beverages to market, and consulted in the finance and technology industries.

Transcript

Click on a timestamp to play from that location

0:00.0

selling again the pickaxes to the gold miners they bought one of their own pickaxes now building

0:04.1

darwin helping e-commerce brands get smarter increase average checkout price you know increased lifetime

0:08.8

value of checkouts you know where where should product one go if it's a hiker looking on an

0:12.5

rei site they've scaled to about 36 customers paying a grand a month so call it 30 36 grand a month

0:17.7

right now on revenue team of four based in New York, kind of spread out

0:21.1

throughout the state bootstrapped, which I love. Too early to talk about economics, but growing

0:25.2

rapidly. Hello, everybody. My guest today is Frank McDermott. He is an entrepreneur and

0:30.5

technologist. Launched hundreds of sites, 50 plus apps, tens of digital products, launched nine

0:35.3

businesses, four for himself, and delivered a line

0:37.9

of high-end beverages to the market and consulted in the finance and tech industries. A lot of

0:41.5

experiences now building a company called Darwin. That's dar.wyn. Frank, are you ready to take us to the

0:46.7

top? I am. How the hell do you decide what to focus on? Yeah, you know, it's been a very interesting

0:52.6

career, and I've had a lot of exciting opportunities.

0:56.0

The kind of thread I found is just being able to bring products to market in different industries, different technologies, and we've kind of really good at that.

1:05.0

So when we decided to start Darwin, we really kind of had a core competency in e-commerce,

1:10.0

the core competency in technology and cloud technologies, and we wanted to try Darwin, we really kind of had a core competency in e-commerce. We had core competency in technology and cloud technologies.

1:13.2

And we wanted to try something really new, which was bringing machine learning into a production environment.

1:17.9

And so that's kind of where we decided to start to ideate on what could we do with that.

1:23.4

So tell us what the company does.

1:25.5

Sure.

1:25.7

So Darwin is a suite of products and services that essentially provide personalization for e-commerce.

1:32.3

So you install Darwin on your store and we instantly start tracking collecting information about the people who visit your site, the things that they look at, the thing that they click on, the things that they buy, and put that all onto our machine learning models to start to segment that audience and then allow you to start to make product recommendations

...

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