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SaaS Interviews with CEOs, Startups, Founders

985 How Expensify Hit $60m+ Magic on Bottom Up Business Model

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 5 April 2018

⏱️ 17 minutes

🧾️ Download transcript

Summary

David Barrett started programming at the early age of 6 and has been aspiring to become an expense report magnate ever since. David attended the University of Michigan where he worked in the Virtual Reality Lab, before moving to Texas to write 3D graphics engines for the video game industry. Next he moved to California to join Travis Kalanick in building a peer-to-peer file transfer technology called Red Swoosh, which was acquired by Akamai in 2007. In 2008, David left Akamai to start Expensify and has since been relieving the world’s frustrations, one expense report at a time.

Transcript

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0:00.0

This is the top entrepreneurs podcast where founders share how they started their companies and got

0:06.9

filthy rich or crash and burn. Each episode features revenue numbers, customer counts, and other

0:16.1

insider information that creates business news headlines. We went from a couple hundred thousand dollars to 2.7 million.

0:23.6

I had no money when I started the company.

0:25.6

It was $160 million, which is the size of any IPOs.

0:29.6

We're a bit strapped.

0:30.6

We have like 22,000 customers.

0:33.6

With over 5 million downloads in a very short amount of time, major outlets like Inc are calling us the fastest growing business show on iTunes.

0:43.6

I'm your host, Nathan Latka, and here's today's episode.

0:48.7

Hello, everybody. My guest today is David Barrett. He started programming at the early age of six and has been aspiring to become an expense

0:56.0

report magnet ever since.

0:57.8

I don't know if I believe him, by the way, on that.

0:59.0

We'll check that in a second.

1:00.5

He attended the University of Michigan where he worked in the virtual reality lab before

1:04.0

moving to Texas to write 3D graphics engines for the video game industry.

1:08.6

Next, he moved to California to join Travis in building

1:11.1

a peer-to-peer file transfer technology, technology called Red Swush. That's obviously Travis

1:15.6

from Uber. And that company was acquired by Akamai in 2007. In 2008, he left that company

1:21.5

to start Expensify and has since been relieving the world's frustrations, one expense report

1:27.3

at a time.

1:28.2

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

1:29.8

I'm ready.

...

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