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Richard Rabins

๐Ÿ‘ค Speaker
160 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

So there's two kinds of customers.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

If I'm an entrepreneur and I've got an idea for a vertical market software as a service app, I'll give you an example.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

There's a product called Orca, O-E-R-C-A, and the entrepreneurs behind it felt that if they could build the equivalent of an electronic health records system for animals, for marine parks and for zoos, there would be a market.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

So they looked at all the options for building out something that would be both web and mobile and chose Alpha because it's a very productive system.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

So that's one example.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

Depends on how successful they are.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

The more successful they are,

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

They need more server capacities.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

We let people host anywhere, or we've also now introduced the Alpha Cloud.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

But it ends up being a relatively small percentage of their revenue, probably less than 5% of their revenue.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

No, we haven't priced it, but I'm just working backwards.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

So right now you pay per server, and a server can actually handle a lot of customers.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

So in this case...

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

They've got a few thousand customers and they're able to run on, I think, three or four servers and the servers run in the order of $5,000 per year.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

Yeah, I'd say so.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

But now we're just about to introduce a new product called

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

Because what we've determined, and it's very interesting, if you look at web apps, web apps... Actually, sorry, Richard, hold on one minute.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

We have about 3,000 customers using Alpha right now.

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

And we were able to leverage on our previous customer base...

SaaS Interviews with CEOs, Startups, Founders
1266 How To Spin a Business Out of a Public Company

And now, you know, we're well established in the low code space, which has become a hot space.