4.6 • 683 Ratings
🗓️ 15 February 2020
⏱️ 14 minutes
🧾️ Download transcript
Alan has over seventeen years of experience in building technology for a number of high growth start-ups in finance and shopping television. As CTO Alan has successfully built the technology of four start-ups involved in the first meeting to fund raising/turnover in excess of GBP 10 million and been involved in other successful start-ups. Systems designed by Alan are used in major corporations including Deutsche Bank and process millions of transactions annually.
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0:00.0 | make it happen. That's exactly what he's doing. With this company expanding, they've got about |
0:04.1 | call it a couple hundred cost firms, maybe 200, 300 bucks a month. So do it call it maybe 60, 70 grand |
0:08.8 | per month, pushing the million dollar run right here in the next couple months, which is exciting. |
0:12.8 | That's up from $10,000 per month just a year ago. They are burning capital because they just |
0:16.4 | raised more additional tranche of capital. They have about $1.8 million into the company to date. |
0:21.2 | Team of 11 based between UK and India. |
0:23.8 | It's number between 3% and 7% logo churn per month. |
0:26.3 | Too early to talk about expansion revenue. |
0:28.2 | They are pushing their KAC up as they launched new paid marketing experiments. |
0:31.7 | Currently, it's about $40 for a new customer. |
0:33.9 | Payback period, obviously, are less than a month. |
0:37.0 | Hello, everybody. |
0:37.8 | My guest today is Alan Wilson. |
0:39.6 | He has over 17 years of experience in building technology for a number of high growth |
0:42.9 | startups and finance and shopping television. |
0:45.4 | As CTO, Alan has successfully built the technology of four startups involved in the first |
0:48.9 | meeting to fund raising turnover in excess of GBP 10 million and has been involved in other successful startups |
0:55.5 | systems designed by alan are used in major corporations including doisha bank and process millions |
1:00.3 | of transactions annually allan are you ready to take us to the top yeah okay yeah okay so so what |
1:06.2 | the company you're working on now is called expandly you're playing in kind of the e-retailer space. Help us |
1:10.9 | understand what the company does. So what Expanley does is help e-retailers sell online. So we |
1:17.6 | manage the marketplaces and shopping channels like eBay, Amazon, Etsy, Shopify. So they can |
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