FixNix

9 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Apr 30, 2021 by Sean Sankaran · said 13 times in 1 episodes since 2021 · across every show →

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brought up most by Nathan Latka (13)

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Everything said about FixNix, oldest first

Apr 30, 2021 bullish
Insight
Sankaran: Selling GRC platforms to SMBs under $20k is a new model
“This is usually traditionally called as governance risk and complaints platform. It's only sold for enterprises. They go sell for half a million dollar to an average client. So I think this new business model of selling for two, 20,000 dollars or even lesser t…”
Sean Sankaran Apr 30, 2021 ▶ 13:11 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Apr 30, 2021 negative
Disclosure
FixNix's attempt to partner with the Reserve Bank of India failed
“In fact, we tried partnering with the regulator of India, Reserve Bank of India. We tried doing a public-private partnership. We tried form in their own cloud to focus on some markets like credit union, community banks. But it was a big dud. I think focusing o…”
Sean Sankaran Apr 30, 2021 ▶ 14:13 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Apr 30, 2021 neutral
Assertion Not checkable as stated
Sankaran: FixNix currently has roughly 30 active customers
“Actually, we have maybe 30 plus.”
Sean Sankaran Apr 30, 2021 ▶ 4:56 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Apr 30, 2021 bullish
Disclosure
FixNix plans to raise $5M to $10M via crowdfunding and partners
“Now we are looking at five to ten million, maybe five through a crowdfunding five, maybe through other partners who may be interested in the space.”
Sean Sankaran Apr 30, 2021 ▶ 10:27 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Apr 30, 2021 negative
Opinion
Indian venture capital firms historically did not understand enterprise SaaS
“In India, the venture capital's appetite to understand this kind of enterprise proposition your new SaaS enterprise proposition for a new industry, I think was very less. I think people didn't get enterprise at all in the Indian venture capital community.”
Sean Sankaran Apr 30, 2021 ▶ 9:14 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Apr 30, 2021 neutral
Assertion Not checkable as stated
Sankaran: FixNix customers pay an average of $2,500 per month
“Average is maybe 2500 dollars.”
Sean Sankaran Apr 30, 2021 ▶ 2:59 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Apr 30, 2021
Disclosure
Sankaran: FixNix pays referral partners a recurring 20% commission
“We pay 20 percentage of the recurring revenue. In fact, if they bring a 6000 dollar deal, they get a recurring 20 percentage commission out of it.”
Sean Sankaran Apr 30, 2021 ▶ 12:28 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Apr 30, 2021 bullish
Prediction Not checkable as stated
Sankaran: FixNix will cross a $1 million run rate in 2021
“Yes we are seeing a huge attraction post COVID-ninete.”
Sean Sankaran Apr 30, 2021 ▶ 5:56 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Apr 30, 2021 neutral
Assertion Not publicly verifiable
FixNix raised its 2020 round at a $15M valuation
“The last round, the three series, we raised it at around a fifteen million valuation”
Sean Sankaran Apr 30, 2021 ▶ 10:41 $1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
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