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SaaS Interviews with CEOs, Startups, Founders

Gamers contribute GPU To this SaaS Marketplace Raising $15m at $70m Valuation with $5m in Revenue

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 26 November 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

Crowd Sourced Cloud Computing

Transcript

Click on a timestamp to play from that location

0:00.0

Exactly. So we're a marketplace. We don't have SaaS margins. We're a marketplace.

0:04.4

I can take 3.1 million in volume this year times the 23% rate. That's the average margin set across your marketplace to assume you guys are doing something like $700,000 in revenue this year.

0:14.9

Yeah. Plus there's breakage. So we also have that model baked in.

0:22.4

You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom.

0:31.5

If you'd like to subscribe, go to getlatka.com.

0:35.6

We've published thousands of these interviews.

0:38.7

And if you want to sort through them quickly by revenue or churn, cack, valuation, or other metrics, the easiest way to do

0:44.4

that is to go to getlatka.com and use our filtering tool. It's like a big Excel sheet for all

0:49.5

of these podcast interviews. Check it out right now at GitLatka.com.

0:59.8

Hey, folks. My guest today is Bob Miles. He's an avid traveler and serial entrepreneur with a history and startups ranging from IoT connected car platforms, Netflix TV shows,

1:04.5

consumer drones, and distributed computing platforms. Today, he's the founder of Salad.com

1:08.7

and is partnering with millions of gamers around the globe to build the world's largest cloud computing platform.

1:13.2

Bob, you ready to take us to the top?

1:15.1

Ready to go, Nathan.

1:16.5

All right, everyone just wants to know what you paid for Salad.com. That's a hell of a URL.

1:20.8

It was a bargain, mate. So I won't spill the veins on the actual price.

1:25.2

It was about half what these like tools that, that, um,

1:29.3

judge the price of websites suggested it. But we actually bought it off a Hidden Valley Ranch.

1:35.1

They owned it since 1996. That's hysteria. What year did you buy it in? We bought it this year.

1:41.8

Oh, you just bought it? Okay, very cool.

1:46.2

All right, let's get some of this story here. So from what I understand, from what I can tell here, you're effectively enabling me to

1:50.0

make money from my computer when I'm not using it actively by basically submitting it to your

...

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