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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

And then we did one round of funding with Sequoia.

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

You know, it's a good question.

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

We were actually profitable when we raised the money.

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

What I think in Silicon Valley especially is whether you like it or not, the type of venture firm you partner with kind of sets up your brand.

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

Right.

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

So with a thousand companies, startups around.

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

And like you said, now it's even more frustrating because there are a thousand companies who are all funded, you know, 100 million, 200 million and 300 million companies.

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

So when you're competing, it cannot be that you're only competing with salaries and benefits as the only thing.

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

It has to be great, interesting work and that you belong to a venture community where you're treated special.

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

It's like having the right producer for a movie.

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

So we viewed that as edge and talent.

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

And that's why we have this partnership with Sequoia.

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

And it's been a great partnership, by the way.

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

You asked for a typical customer.

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

So we do have customers who spend 30,000 a month.

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

$30,000 a year, right?

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

And the $250,000 we're talking about is per year, right?

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

Not everyone spends $250,000, right?

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

So our average is, to do that, it's about $2 million a year.

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

We missed it because we had a security breach.