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Colin Earle

๐Ÿ‘ค Speaker
323 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

We use AWS for hosting abroad.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

We offer hosting on AWS in Virginia as well.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

So whenever you can use, and this is, I think, a general rule.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

When there's a commoditized product out there that's best of breed,

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

and backed by a significant organization like Amazon or Microsoft, you're almost always better using that than developing your own.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

It was back in 80, I think it was 89.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

It was, sorry, it was not 89, 2000, 2001.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

It was quite a while.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And the reason for this is that if you bootstrap an organization,

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

you have to develop some working capital.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And we develop that by providing consultancy services.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

We then use that money to fund development of our first product and then use the money from that product to fund development of the Agilof suite today.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

So it takes a while.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And if I had to do it again, maybe I'd raise capital at the beginning.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Oh, no.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

The equity was shared with the employees.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And I think it's part of the Agilof culture that every employee gets some piece of equity.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

And when we had the investment from FDV, millions of dollars went to existing employees, as well as, of course, a fair chunk to myself.

SaaS Interviews with CEOs, Startups, Founders
Agiloft Founder Feels Good About $50m Run Rate In Next 12-24 Months

Pretty much right from the beginning, one of the core tenets of Agiloft is to align the self-interest of the company, the employees, and the customers.