8base
company on 1 show · 20 statements across 2 episodes · said 53 times in 3 episodes since 2020
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2022 12 mentions in 1 episode
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20 statements about 8base, every show
Santalo: 8base employs 30 people in Medellin, Colombia
“And then we now have 30 people in Medellin, Columbia that that's recent news as well.”
Santalo: 8base's Series A term sheet had no ratchets or liquidation preferences
“There was no ratchet provisions. There was no liquidation preference. There was no, none of that.”
Santalo: Foundry Group offered the cleanest term sheet he has ever seen
“It was the cleanest, best term sheet I've ever seen. And I've seen, you know, I've seen at least a dozen in my day.”
Santalo: Why he didn't negotiate valuation on 8base's Series A
“So look, before I tell you, I didn't negotiate valuation on the term sheet. So I negotiated other things, but the valuation was something I didn't touch.”
Santalo: JavaScript has 14M developers, the largest single language community
“What we're trying to say is when you get into a base, you should already know what to do if you're a JavaScript developer, of which there are about fourteen million in the world. So it's the largest pool of developers, you know, around a language in the world.”
Santalo: 8base closed a $10.6M venture round in early 2022
“So we closed the 10.6 million dollar round earlier this year.”
Santalo: Low-code market is still in its first or second inning
“I mean, if you look at the real competition is people building things from scratch. So, you know, I would say in some areas, yeah, there's been solutions that have come out and made a difference, but there's still a lot of greenfield opportunity here. I'd say …”
Santalo: 8base is approaching $100K in monthly platform recurring revenue
“We're like almost there.”
Santalo: Leaving Bubble requires completely rebuilding applications from scratch
“Bubble's a great platform, but if you ever need to get off of it cause it's not scaling or whatever, you're gonna have to rebuild the whole thing.”
Santalo: A $25/month freemium SaaS model requires tens of millions in VC
“It's not a free trial at 25 bucks a month. You're just not going to get there without 10 tens of million dollars of venture money.”
Santalo: 8base is approaching 1,000 platform customers
“Man, it's like somewhere approaching a thousand or so.”
Santalo prefers to avoid Series A and later venture capital entanglements
“There are series A and after entanglements, which I would much rather avoid if I can.”
Santalo: 8base funds software development with services revenue over VC
“The idea is that the service revenue feeds the beast in lieu of venture capital while we build up the recurring platform revenue”
Santalo: 8base's revenue split is roughly 80% services and 20% platform
“So those percentages are changing, but call it 20% platform, 80% services.”
Santalo: 8base is profitable and does not need funding
“The company's profitable, so we don't need money.”
Santalo: 8base has raised $3.5 million from angels and seed funds
“We, we've raised three and a half million dollars. It's all been from angels and seed funds.”
Santalo: 8base self-service developers average $100 per month
“No, I'd say in the developer channel it's probably You know, the developer and sort of self-service channels by a hundred bucks a month.”