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Luther Birdzell

๐Ÿ‘ค Speaker
142 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Geologists, geophysicists, petroleum engineers who are applying AI and machine learning to their functions are outperforming their peers who can't.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

That's a very different thing.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

You know, Google, like search, social media, retail, entertainment.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Google did three and a half billion searches yesterday.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Total team is 20, yes.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Software engineers and a bit of management.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

All in Houston?

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

No, we're about half the teams in Houston.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And what I saw work really, really well for the first five to 10 software engineering hires in my last company was the founders focused on getting the absolute best talent they could anywhere in the world.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And only as we got bigger did we start hiring for the home office.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

I've kind of replicated John and Rustin's model there.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And our software developers and engineers, some of whom I've worked with for 15 years, others for 10 years, are spread mostly among different cities in the U.S.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Uh, so I bootstrapped the initial part, uh, of R and D 13, early 14.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And then we've raised capital, uh, from angel investors.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

We are planning to go to, uh, the market in Q4 to do a, uh, a series a. Okay.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

So again, you know, private company, uh, kind of sensitive about disclosing that, uh,

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

So, you know, the rates we've raised, the money we've raised over the past five years is less than 3 million.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Uh, accelerating sales, uh, accelerating hiring of sales and the consultants we need to deliver on sales ahead of revenue.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

We're at the point now we've built the technology we've proven park product market fit.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

We've really built out the whole team.