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Gavin Wheeldon

๐Ÿ‘ค Speaker
187 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

It was, I think, around $200,000.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

That's not bad.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

No, it's a reasonable start.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

It obviously gets a lot harder to triple and triple every year, but we're still well over 100% growth last year over this.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

They're on target for probably about 140% in this financial year.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

2017, I think, would probably be a push.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

2018, yes.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Yeah.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Gross margin, you know, as you would expect from a SaaS company, is up, you know, sort of 80-ish percent.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

One of the challenges we have on gross margin is that we also do indoor locations, so we're triangulating devices.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

So every time a device pings looking for Wi-Fi, every access point that sees it, however many seconds, we're processing all of that data.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

That's a lot.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

And that is colossal amounts.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

You know, we're processing...

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

many, many billions of data points a month.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Churn, we're actually, certainly from a revenue perspective, we're in negative churn.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

So, you know, with expansion and increase.

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

That's net negative, right?

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

But what's gross customer churn?

SaaS Interviews with CEOs, Startups, Founders
749: He's Making $9.6m Off Those Horrible Airport WiFi Connections

Gross is about 12% per annum.