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Motley Fool Hidden Gems Investing

Braze Blazes Ahead

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 14 April 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

You know the saying: keep your friends close, keep your … customers … closer.   Bill Magnuson is the Chairman, CEO, and co-founder of Braze, a customer engagement platform that works with some of Business’s biggest names. Fool Analyst Tim Beyers caught up with Magnuson for a conversation about: Braze’s origin story. The power of personalized marketing. The company’s latest results, and its plans to create even more value in the future. Companies discussed: BRZE Host:Tim Beyers Guest: Bill Magnuson Producer: Mary Long Engineers: Rick Engdahl, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We've really been, as I mentioned earlier, working on a problem that I think is fundamental to

0:06.5

capitalism and important for businesses of all kinds and really connected to some really like

0:11.9

human truths of, you know, if you want to build a strong

0:14.4

relationship with someone you should try to understand them as well as you can when you

0:18.1

meet them and use that understanding in order to have more relevant interactions

0:22.0

with them and that'll build a stronger relationship, right?

0:24.7

And so I think that we're kind of in the fundamentals of business and we're trying to work on some fundamental

0:29.7

things about human relationships, which means that I think that Braise's approach to this problem is

0:35.0

applicable to the vast majority of businesses in the world.

0:41.5

I'm Mary Long and that's Bill Magnison, CEO and co-founder of Bries, a highly

0:46.0

customizable customer engagement platform that helps some of the biggest brands in

0:50.1

business connect with their customers. My colleague Tim Byers cut up with

0:54.0

Magnitson for a closer look at Breeze's orchestration platform. They

0:58.0

discuss the benefits of building relationships around people rather than channels.

1:02.2

Why Breeze is akin to a high-frequency relationships around people rather than channels,

1:02.6

why Braise is akin to a high frequency trading system,

1:06.0

and what needs to happen for Braise to become a truly great stock.

1:11.0

Bill, good morning, thanks for coming on to talk about Braise.

1:18.0

You just had quarterly results, good results, revenue up 33% year over year, good growth across the board here.

1:27.8

But we'll get to those earnings numbers in a minute.

1:31.7

I want to talk a little bit about this company that you've built.

1:36.0

So let's go back into the into the way back machine a little bit and describe what praise is but starting from what you saw when you and

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