FileCloud

includes FileCloud Online, FileCloud Server

13 statements across 1 episodes · 4 bullish · 1 bearish · 2 people on the record · first statement Jun 18, 2021 by Madhan Kanagavel · said 15 times in 1 episodes since 2021 · across every show →

Mentions by year, the whole family

brought up most by Nathan Latka (12), Madhan Kanagavel (3)

tap a year for its mentions
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2021 15 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about FileCloud, oldest first

Jun 18, 2021
Assertion Not checkable as stated
FileCloud has over 200 channel partners globally
“We have over 200 plus channel partners right now around the globe.”
Madhan Kanagavel Jun 18, 2021 ▶ 14:24 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021 neutral
Disclosure
FileCloud is exploring all financing options including raising outside capital
“So we are exploring all options. So, you know, nothing is really off the table. It's not like I have a philosophical you know, I'm against getting outside funding.”
Madhan Kanagavel Jun 18, 2021 ▶ 10:37 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021
Assertion Not checkable as stated
FileCloud's ACV is around $4,800 with enterprise contracts reaching $1M
“On average cost, the ACV is around, you know, 4800 dollars at most, but there's a huge difference in terms of our customer base. You know, we have a lot of customers who are paying around thousand dollars a year for most of the customers in there. And then the…”
Madhan Kanagavel Jun 18, 2021 ▶ 2:53 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021
Insight
Kanagavel: Software hosting is trending down while reseller channels grow
“So the hosting itself is going down a little bit as a general trend, but resellers space is pretty big and we are seeing growth in that for sure.”
Madhan Kanagavel Jun 18, 2021 ▶ 15:58 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021 positive
Assertion Not checkable as stated
FileCloud achieved roughly 60 percent revenue growth over the past year
“The growth has been over, you know, I would say around 60% overall.”
Madhan Kanagavel Jun 18, 2021 ▶ 8:42 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021 bullish
Opinion
Latka: Bootstrapped SaaS at $10M Run Rate Can Fetch 10x Multiple
“The reason I ask is because I mean, based on the valuations I'm seeing in your space, if you break a ten million dollar run rate bootstrap so far, getting a 10 X multiple for a hundred million dollar pre-money valuation and raising ten million and selling less…”
Nathan Latka Jun 18, 2021 ▶ 12:48 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021 positive
Disclosure
FileCloud targets regulated sectors like military and government for data control
“We have a very unique differentiation where we provide solutions for specific, you know, areas and industries where they need complete data control and privacy. You can imagine organizations like You know, the military intelligence forces, insurance and other …”
Madhan Kanagavel Jun 18, 2021 ▶ 1:40 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021 negative
Insight
Kanagavel avoids outsourcing agencies, preferring direct relationships with remote hires
“We never went out and did outsourcing companies where we go and you know, find an organization or a company that will outsource for us because I believe, really believe that you need to have a connection between the company and the directly the employee.”
Madhan Kanagavel Jun 18, 2021 ▶ 6:23 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021
Assertion Supported
FileCloud is entirely bootstrapped without institutional venture capital
“It's 100% bootstrapped so far.”
Madhan Kanagavel Jun 18, 2021 ▶ 7:03 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021 neutral
Disclosure
FileCloud employs four sales engineers who do not operate on quotas
“We have four sales engineers with quota. Well, they don't actually operate on quotas right now.”
Madhan Kanagavel Jun 18, 2021 ▶ 13:44 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021 positive
Assertion Not checkable as stated
Kanagavel: FileCloud has 80% gross retention and over 110% NRR
“Gross is 80%. Net is over a 110% net revenue retention.”
Madhan Kanagavel Jun 18, 2021 ▶ 16:34 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021
Assertion Not checkable as stated
FileCloud serves over 3,000 business customers globally
“We are serving over you know, 3000 plus customers. You know, these are businesses either spread that we serve directly by ourselves or through our resellers or partners. So yeah, there's around 3000 plus businesses.”
Madhan Kanagavel Jun 18, 2021 ▶ 4:11 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
Jun 18, 2021
Assertion Not checkable as stated
FileCloud went from $300 first-year revenue to $1M ARR in three years
“The first year we made like, I don't know, 300 dollars the whole year. You know, two to three years afterwards, we are crossing around a million dollars in ARR.”
Madhan Kanagavel Jun 18, 2021 ▶ 4:49 DropBox Competitor Bootstraps to $9m Revenue in Austin Texas
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