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P.V. Kannan

๐Ÿ‘ค Speaker
132 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So I started asking myself in this new age of digital, is there a better way to do this?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

You know, because what I noticed in the contact centers is chat is still being treated like a phone call, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

They'll say, how can I help you?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

And then, you know, go through the same script that they did if you were on the phone.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

But if you think about the 800 number system, it was really designed for the 80s when nothing else existed, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

Today, customers are on web, on apps.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

They're like well-informed.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

So the old paradigm of how can I help you is kind of almost obsolete.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

The new paradigm is you should already know what the customers are doing, leveraging AI in the backend in real time, be able to predict what they're attempting to do, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

And then be supportive of what they're trying to do online, not like trying to do the task for them.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

And customers love

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

wanting to control the experience and do it themselves.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

And especially when you talk about 2019, everything is pretty much on demand, right?

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

Music, content, food, name anything.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

You can just click an app, order and get it.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

And the only thing that's missing and full of friction is customer service.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

We're serving over 150 customers.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

And the company is roughly about 300 million in revenues.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

The first round of funding was done by the two founders.

SaaS Interviews with CEOs, Startups, Founders
1501 247.ai Passes $300m ARR, 10% EBITDA, No $6B Vista Sale

That's me and co-founder Nags.