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SaaS Interviews with CEOs, Startups, Founders

1715 CEO Fine Burning $700k/mo During Virus With Just $6m Revenue Helping Enterprises Manage Data

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 4 April 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

Derek Wang is the CEO and co-founder of Stratifyd, Inc. Wang grew up in Beijing and received a Ph.D. in Computer Science from the University of North Carolina at Charlotte. Along with two other co-founders –began conducting government-funded research on the ways AI could be used to ingest, analyze, and visualize unstructured data.

Transcript

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0:00.0

Hello everyone. My guest today is Derek Wang. He's a CEO and co-founder of Stratified.

0:05.0

Wang grew up in Beijing and received a PhD in Computer Science from the University of North

0:08.9

Carolina at Charlotte. Along with two other co-founders, he began conducting government-funded

0:13.1

research on the ways AI could be used to ingest, analyze, and visualize unstructured data.

0:18.1

That's what Stratified is working on today. Derek, you ready to take us to the top?

0:23.1

Yeah, absolutely. Hi, everyone. My name is Derek. Good to be here. So, Derek, is this a real

0:28.6

company now, or is this like a government-funded grant sort of thing? It is absolutely a real company.

0:34.5

Five years in globally, we're about 120 people. And, yeah,

0:41.1

it is very real company now. So for those that missed your first interview with me, which I believe

0:46.7

was back in June 18th of 2018, give some quick context here. When did you launch the company?

0:52.7

So I launched the company back in January 2050. Really, out of a feeling that I remember very

1:00.4

vividly, like you said, it was with government contract and university work primarily,

1:05.7

but more so it's on the frustration. So part of this is I'm a computer science professor,

1:11.9

but you have a lot of business school students, civil engineers, mechanical engineers, student coming out and saying,

1:17.4

hey, professor, I want to leverage machine learning to do some impactful work. However,

1:22.3

I have to turn them away because they don't have the coding background. And that's why I started stratify of saying, hey, let's build one platform that can shorten

1:32.3

the period for people to leverage analytic platform to do their work and help them to find

1:38.5

data and hidden data stories that they may be interesting in telling in the business world.

1:43.3

So, Derek, let's dive into a real example.

1:45.3

There's so many big acronyms in this space.

1:47.5

There's a lot of competition.

1:48.6

I want to get really specific on how somebody is using you.

...

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