Assertion certainty 4/5 debate potential 1/5

75% of new Cloudability customers outpace their contract spending schedules

Matt Ellis · 1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend · Nov 21, 2018 · at 17:41

Cloudability CEO Matt Ellis explains customer contract expansion and usage acceleration to Nathan Latka.

0:00 / 0:07exact quote · 7.4s
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“About 75% of our upfront new logos are spending ahead of where they thought they were because we accelerate what they do.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Matt Ellis

Insight
Ellis: Mezzanine debt adds leverage and reduces dilution ahead of next round
“There's a leverage limit to what the venture debt people will give you, and then you can generally get more debt from a mezzanine provider, and you'll pay a higher, much higher rate of interest, maybe three or four times what you pay on the venture debt, but y…”
Matt Ellis Nov 21, 2018 ▶ 13:12 1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend
Insight
Ellis: Cloud IT is a supply chain problem, not a maintenance problem
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Matt Ellis Nov 21, 2018 ▶ 5:31 1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend
Assertion Not checkable as stated
Cloudability processes 11% of total AWS revenue
“We have 11% of Amazon's revenue going through our system, and a fairly large amount of the other two big clouds going through our system.”
Matt Ellis Nov 21, 2018 ▶ 6:07 1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend
Insight
Startups serving everyone early on will lose in every vertical
“But if you're trying to do all things to all people today, you're going to lose in every vertical. You've got to win in one vertical and then combine the winning vertical, the winning solutions. And that happens when the industry matures.”
Matt Ellis Nov 21, 2018 ▶ 15:37 1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend
Prediction Didn’t hold up
Cloudability plans to IPO by 2023 to become a consolidation platform
“So sometime in the next five years or mature, we will probably be an IPO. We can use our currency to combine or join a combined entity and go out there and just become something akin to a new version of Cisco or SAP.”
Matt Ellis Nov 21, 2018 ▶ 15:48 1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend
Assertion Not checkable as stated
Cloudability typically reduces customer cloud bills by 20% to 30%
“We're actually reducing your bill typically by 20 to 30% a year on a unit cost.”
Matt Ellis Nov 21, 2018 ▶ 3:12 1215 Cloudability CEO: We're Past $20m in ARR, 11% of Total AWS Spend
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