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Brett Hurt

๐Ÿ‘ค Speaker
256 total appearances

Appearances Over Time

Podcast Appearances

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

And so I had a huge amount of scar tissue.

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

We had to let go of two-thirds of the people.

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

I lived in San Francisco at the time.

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

We're in Austin now.

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

And I would tell my wife, I literally feel like I'm being punched in the gut.

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

But ultimately, I got the company back on a good track alongside a great team.

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

And we've signed Walmart and built back up into a big company.

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

We became rated the number one in the industry by Forrester Research, who is the most important research firm in that particular industry for retail.

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

And that was back in the days of Kate Delhagen and a bunch of other amazing people that work there.

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

And so once it got to a point where I was like, okay, it's undeniably going to be successful.

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

Now, I will tell you that I wish that the CEO that took it forward didn't sell it so early, but it had gone through some trauma.

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

Honestly, it could have been an IPO just a couple of years later.

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

But I guess that he and the board felt like that was a compelling offer.

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

But they kind of missed the hockey stick that was coming in SaaS just a couple of years later.

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

So the multiple wasn't as great as it could have been.

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

And it really changed IBM.

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

I mean, it became IBM's core analytics stack, but it could have been so much more

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

Yeah.

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

Yeah.

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

That was the toughest conversation we ever had, actually, because there's a lot of romance in starting a company together.