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Joel Sullivan

๐Ÿ‘ค Speaker
182 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

So you're either going to jump the chasm into system integration and say, okay, you know, the Lockheeds of the world or the Boeings need our, need our product and they're going to bolt us in, or, you know, some drone manufacturer wants this as an ad kind of value add add on.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Um,

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Oh, absolutely.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Yeah.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

And so part of our strategy for the coming years is like bolting our mapping software into drone systems and kind of doing a bundled sales strategy.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Maybe.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

That's a tough use case.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

I think you'd be better off using satellite data.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

No.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

So hedge funds are tricky, right?

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Because if you actually develop a truly unique signal, they're going to be super greedy and gobble that up, right?

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

So your market is basically one hedge fund.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

And then if you sell to all the hedge funds, then there's no strategic advantage to the hedge funds.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

No alpha.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Your value goes way down.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Yeah, right.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

So it's like, how do you price a product with one customer?

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

It's worse than selling to the government.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Well, I do love Andy Grove quite a bit, so I'll put Andy Grove for that one.

SaaS Interviews with CEOs, Startups, Founders
3 Customers and $3m ARR, How this Drone Mapping Startup Landed Enterprise Deals

Yeah.