4.6 • 683 Ratings
🗓️ 15 February 2023
⏱️ 19 minutes
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Self-Service Portal for Ecommerce
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0:00.0 | Guys, launched in 2018. He is now working with 200 e-commerce brands, processing and helping them get support questions answered faster. He ended last year without a $2 million run rate. That's an average ACV of 10 grand. You're hoping to double this year to $4 million. He raised a $2 million pre-lemon pre-raised. He raised a $2 million per seat. Now raising a $5 million seat, it called a $30 or or 35 million pre, both from customers and two additional |
0:22.2 | potential VCs. Again, building Rich Panel to get rid of these horrible support experiences, |
0:27.5 | you and I know and are checking out with most e-commerce brands. |
0:30.8 | Hey, folks, my guest today is I meet RG. He's a CEO and co-founder at RichPenel.com. Under his |
0:36.1 | leadership, the company is going to over 2,000 brands in three years. He leads everything product and engineering at the |
0:40.9 | company and is obsessed with their motto. The best service is no service. Amit, you ready to take us to the |
0:46.0 | top? I am. What does that mean the best service is no service? My funder is simple when I started the company. |
0:55.4 | You know, if you look at any business, you look at their customer service. |
0:58.6 | Customers usually contacting about the same, you know, same seven to eight types of issues. |
1:02.6 | But customers, but business are still using agents to handle these issues. |
1:07.1 | And if you contrast it with, which is stupid. |
1:09.8 | And if you contrast that with what happens in Amazon, |
1:11.6 | where I bought like 50 items this year, maybe more, and I've never contacted them once. |
1:16.6 | The difference is that Amazon is productizing each of these contact reasons. |
1:21.6 | If I want to like return in order, cancel in order, edit anything in my order, I can do that within Amazon. I can manage |
1:27.8 | my subscriptions. They now have situations where if somebody forgets a coupon code, they have a flow |
1:33.1 | for it. Right. So that's the kind of interfaces that we built for other companies. And then, you know, |
1:39.8 | you basically eliminate all the contacts and customers are able to like self-resolved, |
1:44.5 | business are able to scale. |
1:45.8 | It's a win-win. |
1:47.0 | That's awesome. |
1:47.8 | Now, when you came on the show back in July of 2020, you told me you had 70 customers and |
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