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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

We come out with over a thousand product releases a year, literally release software two to three times a day.

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

That's the pace of innovation here at Data.World.

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

At Data.World, we didn't even make a dollar of revenue until we had raised over $50 million.

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 didn't break a dollar of revenue until 2018.

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

And the reason why is it's a very different business than Bizarre Voice.

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

It's a very wide surface area.

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

If you understand the data catalog space, it's basically a library for all of your internal data assets.

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

So it sits on top of Snowflake and Databricks and Oracle and Netizen and all other systems, both modern and old.

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 sits on top of Microsoft Power BI and Tableau and Looker and Google Data Studio and a bunch of others.

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

um you know domo and a bunch of other older bi systems so we have over 95 integrations and the surface area of what we're doing is really wide and we also have to be incredibly secure like you can imagine the cso process that we go through with customers we have a lot of cyber security customers on our platform a lot of companies you would have heard of that are that are truly big and we're in every market vertical now we're in the universities government agencies you know local state we're in um

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

a lot of corporations, from technology companies to financial services, to healthcare, to travel and retail and on and on and on.

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

So we're about 50-50 owned right now between investors and internally.

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

We've raised over $132 million to date.

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

The last round we raised was from Goldman Sachs.

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 a $50 million round.

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

They put in $40 million of that $50 million, and we were oversubscribed on the remaining 10.

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

Yeah, I can't share that on a podcast.

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

Trust me, Interwire and all the others try to get that all 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

Well, we closed on our Series C in 2022.

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

So we did it after the crazy multiples, which turned out to be a huge blessing because there's a lot of companies that raised at like 100x ARR multiples, and that's a crushingly high multiple to live up to.