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Bob Moore

๐Ÿ‘ค Speaker
193 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

A good example, too, is if you're using a tool like Looker as a business intelligence platform, the question is, how did the data get to Looker?

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Because Looker doesn't actually go out and manage hundreds and hundreds of little scripts that run and pull data out of all your little services and locations.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

That's the kind of thing that an ETL tool will do.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

And that's extract, transform, load.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

And that's what Stitch is.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Stitch is this kind of core ETL tool.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

We had this leftover thing from RJ Metrics, and we were able to negotiate in the Magento deal that we retained ownership of it.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

We actually just took that, rebranded it as Stitch Data.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Jake took over as CEO while I was at Magento for the earn-out.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

basically built this business up off of this core technology and team that we had started with.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

So you could almost think of it as like, you know, everybody owned that.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Everybody that was in the cap table for RJ was,

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

had had kind of a stake in stitch because it was effectively you know a mini rj that was kind of carbon copied out so um yeah the cap table of stitch ended up looking a lot like the cap table uh rj at the time yep sale and what did give me can you give me a general sense of what you scaled stitch to total number team i think you stayed bootstrapped right

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Uh, yeah, we didn't put any new net new capital into the business.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Uh, when it got acquired, I think the team was in the thirties.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Um, and from a, a like magnitude standpoint, it was almost the same size that RJ metrics was when we sold it.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

So 28 months, we grew stitch up to about what it took eight years to get, to get RJ.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Yeah.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

Uh, uh, Jake said, uh, uh, I forget who said what, but one of us texted the other, like, Hey, uh, Looker just got bought for 2, 2.6 billion.

SaaS Interviews with CEOs, Startups, Founders
RJMetrics Founder $4m+ ARR Explains How They Lost To Looker

And the consensus was basically like, uh, we fucked up.