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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?

And I don't know that I have the perfect answer for you.

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

At the moment, what we're on the hook to demonstrate, what we know that we've been given a bit of leeway is punctuated by two oil price crashes.

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

So that explanation is there.

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

So what we are doing, so to your question, last year, we shifted and said, look, we're not just going to bring it to oil and gas.

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

We're going to develop something.

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

We were able to develop a component of

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

of Join, which we call Field Services Management, and successfully competed against Salesforce and Microsoft.

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

We'd never gone and played against horizontal players before.

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

And we competed and beat them out in there.

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

And it was a click in Salesforce.

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

And so that gave us a taste and also the ability to go back to the VC market and say, hey, we know successfully how to go into the horizontal space.

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

Let us get our SaaS traction and make the free option work and get oil and gas situated.

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

And here is how we can add the extra market because what we've built today can translate into horizontal spaces where field services and field mobility is huge.

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

So that's what we've been telling the marketplace.

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

This year, frankly, what we've heard back is get to 10.

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

Get to 10.

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

Absolutely.

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

We were cashflow positive in 2018.

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

So I will say we've got an extremely awesome CFO and CEO who've been very diligent in ensuring that we aren't adding more people and cost without the ability to demonstrate.

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

It's still sitting in the bank.