Sowden advises founders to get technical degrees and learn business by experience
Tobin Sowden · 639: Fastest Growing Canadian Software Company: $200k to $20M in Revenue from 2010 to 2015 with CEO Tobyn Sowden · Apr 24, 2017 · at 20:39
Tobin Sowden, CEO of Redbrick, shares advice on whether aspiring entrepreneurs should pursue technical or business degrees.
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“I think if I was to go back, I would tell myself technical all the way because learning business is a lot of fun. And I think there's a lot of value that comes with that process learned in the real world world as well.”
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More from Tobin Sowden
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“As those, the number of integrations goes to infinity, our shift becomes a browser. So, so so I really want to avoid that and continue to make the focus of shift mostly on communication and a little bit of productivity as far as how it's linked to those primar…”
Sowden: Redbrick Grew Revenue from $200K to $10M–$20M from 2010 to 2015
“2010, and 200,000 in revenue, and then we were we were reported in the range of 10 to twenty million, as far as our final fiscal year in.”
Sowden: Redbrick spends $30k monthly on Facebook, committed to $1M quarterly
“We are currently spending probably 30,000 dollars but we've got a commitment to grow to a million dollars in a quarter.”
Sowden: Shift has 10k weekly active users and a 4-5% conversion rate
“I think we've seen about 20,000 installs on any given day or week. I think we have, on any given week, we have about 10,000 active users. And our free, our kind of, our free to pay conversion rate is around the four to five percent mark right now.”
Sowden: Redbrick is pivoting to SaaS due to distribution revenue volatility
“As much as we love that business and it has been very good to us around quickly over the years and helped us build what we have today. It's not it's not predictable. It's not consistent. We can we, you know, it's really hard to continue to grow a business when…”