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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?

Up until last year, Nathan, we went from services to enterprise, not true SaaS.

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

And what I mean by that is we were still falling in line with the way the customers were buying these long RFP processes, laborious pricing negotiations, all of these other aspects that are really not SaaS-based and doesn't allow you to grow in that trajectory, right?

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

And also on the back end, our systems weren't allowing for single deployments

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

true ability to push out features at least in a monthly reason because we were being held back by, hey, our customers don't move.

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

So last year, we made a tremendous shift internally.

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

We took six to eight months to, again, re-gut ourselves.

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

Another bold move from 2015 to go, oh, man, we've got to go true SaaS.

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

So three big things we changed.

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

We completely upended our pricing.

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

It was traditional P2, what our market does today.

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

We said, you know what?

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

Forget that.

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

SaaS pricing is going to be completely transparent.

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

So if you go to Join.ai today, we peg it on two factors.

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

One, the number of active wells and your actual production.

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

Measure by what?

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

Uh, BOPD.

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

So it's, it's, uh, per day, it's a per day.

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

So their production, a barrel of oil, BOPD is what they call it.

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

So BOPD.