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SaaS Interviews with CEOs, Startups, Founders

1685 Why Data CEO Turned Down $35M Offer, Would Never Work for Facebook

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 5 March 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

Mayukh has been working in the Technology industry, specifically cyber security, Identity and Access Management, and data security for the past decade and a half. He has been part of multiple successful startups as an early employee before he ventured out on his own. He has also consulted for Fortune 500 companies such as TD Bank, RBC, ING, and IBM.

Transcript

Click on a timestamp to play from that location

0:00.0

Founded Perfect Cloud back in 2015. Now, 850 customers paying $2,000 a month, doing $1.7 million

0:04.8

bucks a month or just south of $20 million in ARR. That's up from $850 grand just 12 years ago.

0:10.3

They're bootstrap, which I love, 13.5% EBITAM margin. They're using that cash flow to reinvest

0:14.7

in some blockchain-related stuff now, but currently a pure SaaS company, team of 35 in India and Canada, 20% revenue churned last year.

0:21.6

Doesn't know net revenue retention yet, but again, happy to spend about 150 bucks to get

0:25.5

a new two grand a month customer.

0:26.9

Obviously payback, they're super healthy as they look to scale.

0:29.3

Turned down, walked away from many offers.

0:30.8

One of them north of 35 million bucks hopes to maybe sell or do a deal in three to five years.

0:35.5

Hello, everyone.

0:36.2

My guest today is Mayuk gone.

0:38.3

He's been working in the technology industry,

0:39.7

specifically cybersecurity, identity, and access management for the past decade and a half.

0:44.0

He's been part of multiple successful startups as an early employee before he ventured out on his own.

0:48.4

He's also consulted for Fortune 500 companies.

0:51.0

Mayuque, are you ready to take us to the top?

0:53.6

Absolutely.

0:54.4

All right. You're working on perfectcloud.io today.

0:57.3

Tell us what it does and what your revenue model is.

0:59.4

How do you make money?

1:00.9

So, Perfect Cloud is a unified cloud security platform, predominantly in identity management,

1:10.1

single sign-on, and data rights management as a service.

...

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