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Sean Sankaran

๐Ÿ‘ค Speaker
147 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

I used to be a chief information security officer.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

I spent 10 years in cybersecurity industry with Microsoft and IBM.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

And I had a huge network of people, my CISO community.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

So I kind of used that to get the first 10 customers now.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Today we have 230 customers put together.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Not necessarily.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

So actually, interestingly, we were the first ones to discover this whole software as a service business model in this space.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

So governance risk and complaints used to be on-premises, Fortune 100, Fortune 1000.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Eight years before, we were the first one to discover this, even the SaaS momentum.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

I think we said, we made a statement, we want to be the sales force of GRC.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

So interestingly, it's a kind of 230 customers cumulatively through our journey, not necessarily on a MRR, ARR, Nathan.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Actually, we used to do a lot of small deals like $250 type clients in the past.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

We used to help pharmaceutical compliance.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

We had volume licensing deals with partners where they provide services as part of the product to automate the process systems for their compliance certifications.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

But I think we thought it's not adding a lot of value.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

So we moved away and we are now focusing more on $2,500 or $6,000 kind of per month clients.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Kind of, yes.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Yes, we are seeing a huge attraction post-COVID-19.

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Why is that?

SaaS Interviews with CEOs, Startups, Founders
$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building

Because I think everybody has moved remote.