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Iddo Gino

๐Ÿ‘ค Speaker
62 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

So Rapid API lets developers find APIs online, test them straight in their browser, and connect to them, generally making the entire API connection process a lot easier.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

And we also have a marketplace model on top of that, so you can actually pay for those APIs through Rapid, where we make a certain processing fee in the middle.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

It's typically from 10 to 25%.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

Yeah, it is instead of every developer having to talk to every other API vendor and them having to connect independently.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

You kind of get a one-point connection to any API in the world.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

So as you read before in the bio, I was actually part of Hacking Generation Y before that, where we did a bunch of hackathons all over the world and kind of helped teenagers hack and learn about programming.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

And what we discovered is that A, APIs are really powerful and they can make apps really strong, but B, connecting to them is really difficult.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

And at that point, we created the first iteration of Rapid, or the first version, which was pretty much a GitHub repository with a bunch of API wrappers.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

And we started noticing that a lot of people were using those wrappers to connect to APIs, and we got a few thousand stars on GitHub.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

And at that point, we realized that people need that one-off connection to APIs, and we went on and we built Rapid as it is today.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

So it's me and then Miki Haslavsky, who's my co-founder and runs our dev team back in Israel.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

So we actually just passed 20 people last week.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

So we do all of the engineering back in Israel.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

And then here in San Francisco, we do marketing, sales and developer allocation.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

I think they started a little lower, but as a lot more tech companies came to Israel, and I think Tel Aviv was the second largest tech ecosystem in the world after San Francisco, the prices have kind of gone up rapidly.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

So we've actually just announced our seed round this November, which was led by Andreessen Horowitz.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

So back at the day where it was still just an open source project and we took it around those hackathons and helped developers connect to APIs, we actually met with Dov Moran, who is an ex-founder.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

He founded M-Systems, an Israeli company, and he put the first money in, which kind of helped us grow Rapid and establish it.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

3.5 is kind of like the total, so it includes that previous money rate raised.

SaaS Interviews with CEOs, Startups, Founders
EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino

It means 148,000 apps or projects are using that to connect.

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