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SaaS Interviews with CEOs, Startups, Founders

EP 508: Siftery $4M Raised, 25,000 Users to Help You Find Software Tools with CMO Gerry Golyer

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 14 December 2016

⏱️ 21 minutes

🧾️ Download transcript

Summary

Gerry Colyer, head of growth at Siftery. He was previously the VP of growth at HealthSherpa and co-founder of two startups. He’s a graduate of Yale and Stanford. The CEO of Siftery was convinced there was a better way for companies to discover, select, and make better use of their software and so began their journey into filling this particular need in the market.

Famous Five:

  • Favorite Book? – Hooked
  • What CEO do you follow? – Elon Musk
  • Favorite online tool? — Buffer
  • Do you get 8 hours of sleep?— Not quite
  • If you could let your 20-year old self, know one thing, what would it be? – Gerry wish he had studied more in Computer Science

 

Time Stamped Show Notes:

  • 01:32 – Nathan introduces Gerry to the show
  • 02:11 – Gerry’s 500 company is Central Mayoreo
  • 02:57 – Siftery helps users discover and choose the right software to reach their needs
  • 03:20 – Siftery is currently tracking 10,000 software programs
  • 03:30 – Siftery gets data from their recommendation engines
  • 03:57 – Siftery has a small team in SF
  • 04:11 – Siftery has 30 team members in Bangalore and Kiev
  • 05:24 – How Siftery collects data
    • 05:59 – There’s a combination of data scraping from the web and getting recommendations from actual software users
  • 06:48 – Siftery is trying to create tools for software buyers
  • 08:10 – Siftery has no pricing model yet and currently free
  • 09:13 – Monthly headcount expenses
  • 10:00 – Advantages of having a development team in Bangalore
    • 10:12 – Cost of living is Bangalore lower than in SF
  • 11:00 – What number are you focused on every day?
    • 11:11 – Data points being contributed in the community
    • 11:31 – Number of vendors engaged in the platform
  • 12:00 – Launched earlier in 2016
  • 12:30 – Siftery is more powerful than Techcrunch
  • 13:00 – How are you able to get updates so quickly?
    • 13:05 – We get feedback from software reviews, friends in the 500, and other software owners
  • 13:43 – 25 data contributors
  • 14:00 – Utility metric
  • 15:15 – Siftery’s target area
  • 15:50 – Connect with Gerry through email, Twitter and Siftery
  • 18:05 – The Famous Five

 

3 Key Points:

  • Meet people and build connections or, better yet, build companies.
  • There are opportunities in the B2B space—find the gap and fill it.
  • Having a team in another country can help startups build their business at a lower cost but still maintain the quality of work.

 

Resources Mentioned:

  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
  • Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel
  • Toptal – Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to the quality of Toptal
  • Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
  • The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens and follow-up with email sequences
  • [email protected] – Gerry’s email address
  • @Ggiaco – Gerry’s Twitter handle
  • Siftery.com – Gerry’s company website
  • Show Notes provided by Mallard Creatives

Transcript

Click on a timestamp to play from that location

0:00.0

This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.

0:09.0

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

0:16.0

I'm now at $20,000 per talk.

0:18.0

Five and six million.

0:19.0

He is hell-bent on global domination. We just broke our 100,000 unit sold mark Five and six million. He is hell bent on global domination.

0:21.2

We just broke our 100,000 unit soul mark.

0:23.9

And I'm your host, Nathan Latka.

0:27.7

Okay, Top Tribe, this week's winner of the $100 is Rich Jones.

0:32.4

Okay, Rich Jones, he is stuck in corporate.

0:34.4

He wants to break free.

0:35.4

He's binging on the show.

0:36.6

For your chance to win

0:37.8

100 bucks every Monday morning, simply subscribe to the podcast right now on iTunes and then text

0:43.5

the word Nathan to 3344 to prove that you did it. Many people ask me how I used email to sell

0:51.7

my first company, Heyo, and it's simple. You want to do things like

0:55.1

open tracking so that you know when a potential buyer actually opens your email or potential

0:59.7

new customer. You also want to set reminders so you can quickly know when to follow up with

1:04.6

somebody if they haven't replied to you, or use things like auto follow-up sequences. You can do

1:09.5

all of this with a company called the

1:11.1

top inbox.com. In fact, I liked it so much, I bought the whole business. Go try it for free at

1:16.5

the top inbox.com right now. Nathan Lackey here, this is episode 508. Coming up tomorrow morning,

1:23.2

you're to learn from Wyatt. He's a 21-year-old who invested 500 grand to reinvent webinars with his new

...

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