4.6 • 683 Ratings
🗓️ 17 February 2020
⏱️ 13 minutes
🧾️ Download transcript
Went from identifying as a basketball player to graduating as a nuclear engineer. Worked in the nuclear industry, got an MBA, joined a fast-growing tech company and lived in 7 countries while doing so. I love art and experimenting with food, and founded Mela with two of my best friends.
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0:00.0 | They're essentially building Slack for blue collar workers. It's called Mela. Dot Work. |
0:04.3 | They launched in 2017. One paying customer right now, paying call it $10,000 per year, |
0:08.2 | but they've landed three or four pilots where those pilots are five or $10,000 setup fees |
0:11.8 | as they experiment with how to build a recurring model around this. |
0:14.8 | Currently burning about $18,000 a month in capital. It's okay, though, they've raised $300,000,000 so plenty of runway. They've got six people remote too early to talk about unit economics as they look to scale, |
0:23.5 | got their first couple pilots using LinkedIn's sales navigator, |
0:26.2 | targeting things like Italy, engineering, or maintenance, |
0:28.3 | and then cold messaging them with a very specific ask. |
0:32.2 | Hello, everyone, my guest today is Francesco Putiano. |
0:35.4 | He is the CEO and founder of a company called Mello Work. He went |
0:38.3 | from identifying as a basketball player to graduating as a nuclear engineer. Worked in that |
0:42.9 | industry, got an MBA, and then joined a fast-growing tech company, lived in seven countries |
0:47.1 | while doing so he loves art, experimenting with food, and founded Mello with two of his best friends |
0:51.1 | a couple years ago. Francesco, are you ready to take us to the top? |
0:55.5 | Yes, Nathan. |
0:57.0 | Hi, thanks for having me. |
0:57.5 | You bet. |
1:00.2 | Okay, so tell us what the company does and what's your revenue model. |
1:00.9 | How do you make money? |
1:05.9 | So we are a SaaS, so we have a subscription-based model. |
1:08.8 | And what the company does is we have a tool, |
1:12.3 | imagine a mix between a collaboration platform like Slack or WhatsApp, but for blue-collar workers. |
... |
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