Randy Rayess
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's a great question, actually.
The main reason I left was a good friend of mine from college and I caught up and realized that...
Basically, mobile was really taking off.
This was 2011, around the time of 2011, and mobile was taking off.
And we saw this change in the way companies worked.
Basically, everything was going to become software-based.
And we thought that there was a huge opportunity to help companies in this transition in becoming software companies or digital companies or mobile companies, whatever you want to call it.
And that was so exciting that even though I had a great time in both
uh working in tech and working at silver lake um and investing in tech uh this was this was something that was too exciting to let go of so venture packed is what you're running now how do you guys make money sure uh well companies will come to us and be like all right we need to you know build sometimes it's just i need to build a mobile app sometimes it's more heavy i need to integrate these three products and i need to revamp my website i need to integrate with this
inventory management system or whatever it might be.
And so they'll use our system to find teams and manage them and the entire oversight of that whole implementation process they do on our site.
And in exchange for that, they'll pay us a fee, depending on the structure of the engagement.
And there's a few nuances depending on like, do they want a project governor from our side?
They want things here and there.
But the main way we make money is a client is going to come to us.
They're going to want to build some technology and they use us to find the teams and oversee them.
Or they just have their existing team and they run the entire oversight of the development process on our site.
And then they'll pay us a fee for that.
Sure.
So we've, we've had over a hundred customers and across, you know, various sectors and sizes of companies, which is both a good thing and a bad thing, right?