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SaaS Interviews with CEOs, Startups, Founders

How Investors Bought 50% of Data.World with 2.1m free users, accounts at 31k paid seats

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 6 June 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

Transcript

Click on a timestamp to play from that location

0:00.0

I'm very excited to share this recording with you guys, which happened at our conference,

0:04.3

SaaSopin.com, with over 100 speakers, all founders of B2B SaaS companies. We have a very high bar

0:11.0

for what speakers share on stage. So you're going to enjoy this episode where we dive deep into

0:15.1

revenue graphs, real tactics, and real growth metrics.

0:25.7

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

0:30.1

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

0:34.2

We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, cack, valuation, or other metrics, the easiest way to do that is to go to gitlatka.com and use our filtering tool.

0:46.6

It's like a big Excel sheet for all of these podcast interviews. Check it out right now at gitlatka.com.

0:59.0

Guys, Brett Hurt, his fourth company Core Metrics launched in 1999. He left in 2005 after the company broke $30 million in revenue, and in 2010, the company sold

1:05.0

for $300 million to IBM.

1:06.0

That was his first sort of big cash day.

1:08.0

But he left actually earlier in 2005 and launched with one of his

1:11.3

friends, Brandt, Vizarre Voice, which ended up growing to $100 million in revenue, spending

1:15.7

just $13 million to get there in a billion dollar IPO, very capital efficient. Obviously,

1:20.6

bizarre voice taken private in 2018 by Marlin and other stuff has happened since then. But now

1:24.2

Brett's focus is data.compet competing with Calibra, really a large

1:29.1

scale, widespreading data platform, very opposite of the capital efficiency of his earlier

1:33.3

companies. He had to spend, well, not spend, but raise over $53 million of capital before his

1:37.5

first dollar of revenue at Data World. But now scaling, team of 150, 50 engineers focused on

1:43.0

efficiency and scaling in a good way. He's written

1:45.3

about his success and his book, The Entrepreneurs Essentials, which I encourage all of you guys to check

1:50.6

out.

...

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