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Sowmya Murthy

๐Ÿ‘ค Speaker
213 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

The industry stalwarts are incumbent software companies, not innovating, taking an 18% plus support dollars, literally showing up with PowerPoint presentations that 12, 18 months later wasn't even productized.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

So he saw that and went, holy shit, I can do data all day long.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

But fundamentally, the data being captured, which is complex readings and the SCADA instrumentation, big data, none of these are being put into mobile applications.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

I mean, imagine it was 2015 and industry still hadn't- Who were some of those companies?

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

And they still are.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

P2 Energy Solutions, Peloton is another player.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

Quorum is another player.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

And-

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

fundamentally, when we dug under the covers and start to do research, and I'm hesitant to throw a particular percentage, but let's just say we have 90 employees, 50 of them are engineers because we knew there was so much innovation we needed to do.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

Today, yeah, today.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

Whereas when we spoke to folks on the other side, $300 million business P2, I can't quote the exact number, but I know it was in the low,

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

20 percentage points, 20% point in terms of, again, I'm hesitant to quote a number because I don't have a number.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

They're about two, three buckets because of the size of the company.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

So a large size deal would be anywhere from 300, 450,000 to a largest customer would be around a million.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

Yes, yes.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

And that directly connects to reduction in their downtime.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

Downtime means they're not producing oil and a significant cost reduction in the number of people needed.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

Once we install our software, our customers claim themselves, not us, each pumper reduces two hours of their day in their workload, two of the eight hours.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

We have about 30 customers.

SaaS Interviews with CEOs, Startups, Founders
Oil SaaS! They Broke $7m, Can They Hit $10m This Year?

And today we show 25.