Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Naeem Zafar

๐Ÿ‘ค Speaker
231 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

It has stayed the same, but it is expected to go up because we're planning to add additional AI-based software layers.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

And those will be optional for people to buy.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So we have two or three products, which I can't give you too much detail yet because we haven't announced them.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

But that will extract more value from the hardware investment they already have made.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

That's the goal.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

It's 40% of what they paid for hardware typically.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So it could be even bigger numbers.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

in some larger deployment, if they bought something for, let's say, $50,000, then the recurring portion is 20,000.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

You're pretty close to it, yeah.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

No, I don't know about next month or two.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

We'll break it before Christmas.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

It is impacting in the sense that everybody's a little frozen to figure out what to do.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

I mean, large companies have said, we know if you're a non-business critical person, you're not allowed on the premise till they figured out what to do.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

But the good news is food grain is fundamental to our survival.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So people may not go to theater or may not fly or take vacation, but they got to eat.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So we are in some sense, we are a little bit more protected, but the logistics confusion has to be clarified, which will happen, I think, over the next one to two months.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

I think run rate was not meaningful back then because we were just rolling out these things.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

So it was really just getting started.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

Now, the thing which is interesting in dynamics in the market is we are selling to growers and grain cooperatives.

SaaS Interviews with CEOs, Startups, Founders
1753 "IoT AgTech Device Hits $1m Software Run Rate and $1.2m in Hardware Sales. Can He Get $60m Valuation? "

They're not used to recurring revenue or paying recurring fees.