Ido Gino, founder and CEO of RapidAPI, breaks down RapidAPI's monetization model and transaction fee structure with Nathan Latka.
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“It's typically from 10 to 25%.”
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More from Ido Gino
AssertionNot checkable as stated
Tel Aviv is the second largest tech ecosystem after San Francisco
“I think they started a little lower, but as a lot more tech companies came to Israel, and I think Tel Aviv, you know, is the second largest tech ecosystem in the world after San Francisco, the prices have kind of gone out rapidly.”
Ido GinoApr 13, 2017▶ 4:10EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino
AssertionSupported
M-Systems founder Dov Moran provided RapidAPI's first angel check
“We actually met with Dov Moran, who is an ex founder. He founded M systems an Israeli company. And he put the first money in, which kind of helped us grow rapid and establish it.”
Ido GinoApr 13, 2017▶ 5:04EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino
AssertionContradicted
148,000 projects connect to Slack's API via RapidAPI
“It means a 148 thousand apps or projects are using that to connect.”
Ido GinoApr 13, 2017▶ 5:42EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino
Disclosure
RapidAPI takes its platform fees from API vendors, not consumers
“Yeah, and that fee is taken from the API vendor who's using the platform to distribute the API, so not from the API consumer.”
Ido GinoApr 13, 2017▶ 7:06EP 628: RapidAPI w/ 19 YO Founder Raises $3.5M, Helping You Connect to API's Faster with CEO Iddo Gino
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