1760 $20m To Build MVP: Does Carbonite Founder Have Another Billion Dollar Idea?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6 • 683 Ratings

🗓️ 19 May 2020

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Prior to Wasabi, David co-founded Carbonite, one of the world’s leading cloud backup companies. He has been a successful tech entrepreneur for more than 30 years.

Transcript

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0:00.0	Wasabi founded carbonite. Now getting back into the game, 15,000 paying customers today launched in
0:05.1	2017, spent between 10 and 20 million dollars to build his MVP with his good buddy. They've launched
0:09.5	five companies together. Had their first paying customer in 2018. Now scaling sweet spot for them is
0:14.3	caught $300 to $600.00. They see 70% expansion on cohorts. The company grew over the past 12 months
0:20.7	over 5x year over year.
0:22.9	They've raised 80 million bucks in funding, have hundreds of millions of CAPEX setting on their
0:26.1	balance sheet because they actually own cages.
0:28.4	Sorry, computers, hardware, etc.
0:30.0	Discs inside of these data centers.
0:32.7	Hello, everyone.
0:33.4	My guest today is David Friend.
0:35.1	He's the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast,
0:38.9	low-cost, and reliable cloud storage.
0:40.9	Prior to Wasabi, David co-founded Carbonite,
0:42.9	one of the world's leading cloud backup companies.
0:45.2	He's been a successful tech entrepreneur for more than 30 years.
0:48.2	David, you ready to take us to the top?
0:50.0	You bet. All right. You win the award for the most bankable last name I've ever had on the show.
0:54.5	So you're already a step ahead, huh?
0:57.8	Yeah, but don't make any jokes.
1:00.4	The second step is you co-founded carbonite.
1:02.9	So you are not new to this space.
	...

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