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Andrew Myers

๐Ÿ‘ค Speaker
246 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

You know, I think the beauty of so many of our decisions is that we do disagree with each other a lot.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

And I think the sort of big expression we have at the company is strong opinions loosely held.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

And so...

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

I think almost all our best decisions come from rigorous argument between Eric and myself.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

And the bottom line is both of us will often end up abandoning our original position and kind of let logic win out.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

But I think too often, it's easy to get invested in your original idea having to be right.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

And I think what we really care about is the logical process and getting to the right conclusion rather than starting out in the right place.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

So we launched the business.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

So we basically had the concept and started working on the SaaS platform in October of 2015.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

And then our Yale launch was April of 2016.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

So to total revenue, you know, we weren't focused on revenue at all.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

It was all sort of free trials.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

So even at this point, you know, the big focus is we're definitely starting to see that early revenue come in.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

But the big focus is user engagement with the platform rather than revenue.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

Definitely.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

So I think our ingenious way of getting early revenue was to max out our credit cards and rely on Yale for funding.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

And so I think it's great when students figure out something really early on, but I think it's easy to get distracted by revenue when what really matters is the quality of your marketplace and ecosystem.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

We probably, uh, by the end we're close to, you know, $45,000 in debt total.

SaaS Interviews with CEOs, Startups, Founders
EP 578: Ripple Recruiting Passes 8,000 Ivy League Resumes With 15 Employers Paying $300/mo For Access with Ripple CEO Andrew Myers

Not even cash advances.