Oil Drilling Software Breaks $1m in Revenue, but $6m+ raised?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6 • 683 Ratings

🗓️ 28 June 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Luther is an entrepreneur, data scientist, and engineer passionate about energy efficiency and democratizing AI

From boardrooms, to oilfields, to data centers, Luther has been transforming data from a cost to an asset for over 20 years. In 2013 he founded OAG Analytics to build a cloud platform that makes AI easy and scalable for the oil & gas industry. Luther is an expert at simplifying complex software and optimizing assets with advanced analytics.

Transcript

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0:00.0	You know, Nathan, we're chasing five deals really hard.
0:04.0	And we get zero those.
0:06.2	It's a very different year than if we get all five.
0:08.9	If you get zero, I mean, we break a million this year.
0:12.2	Oh, yeah.
0:12.5	Without any of those five?
0:13.9	Yeah, we had 100% renewals this year.
0:16.5	So we were over a million just on renewals that we carried in.
0:22.6	You are listening to conversations with Nathan Latka.
0:26.9	Now, if you're hearing this, it means you're not currently on our subscriber feed.
0:31.3	To subscribe, go to getlatka.com.
0:35.0	When you subscribe, you won't hear ads like this one. You'll get the full interviews.
0:40.9	Right now, you're only hearing partial interviews. And you'll get interviews three weeks earlier
0:46.6	from founders, thinkers, and people I find interesting, like Eric Wan, 18 months before he took
0:53.5	Zoom public.
0:55.0	We got to grow faster. Minimum is 100% over the past several years.
0:59.0	Or bootstrap founders like Vivek of QuestionPro.
1:02.0	When I start the company, it was not cool to raise.
1:05.0	Or Looker's CEO Frank Bean before Google acquired his company for $2.6 billion. We want to see a real pervasive data culture, and then the rest flows behind that.
1:15.7	If you'd like to subscribe, go to gitlatka.com.
1:19.7	There, you'll find a private RSS feed that you can add to your favorite podcast listening
1:24.3	tool, along with other subscriber-only content.
	...

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