Friend: Wasabi's 2018 cohort expanded storage 70% year-over-year
David Friend · 1760 $20m To Build MVP: Does Carbonite Founder Have Another Billion Dollar Idea? · May 19, 2020 · at 18:15
David Friend, co-founder and CEO of Wasabi, discusses net expansion and customer retention economics with host Nathan Latka.
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“The 20 18 cohort of customers grew 70% from 2018 to 2019. And it looks like they're going to grow about the same amount from 2019 to 20 to 20 20 as well.”
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More from David Friend
Friend: Amazon is unlikely to drop S3 prices against Wasabi
“For Amazon to simply drop price, they could do it, but unlike diapers, you know, storage is a multi-billion dollar product for Amazon, and it just seems unlikely to me that they're going to do that.”
Friend: Wasabi spent $10M-$20M building its cloud storage MVP
“Yeah, yeah, that's right. In that range to build a product.”
Friend: Wasabi charges $6/TB/month versus Amazon S3's $23
“Wasabi is six dollars a terabyte per month compared to 23 dollars per terabyte per month for Amazon S III, for example.”
Friend: Wasabi provides 11 nines of durability matching Amazon S3
“We have what's called 11 nines of durability, which is the same as Amazon S III.”