Disclosure certainty 4/5 debate potential 1/5

Mark Ross: GridMarkets Backed by 10 Angels from Major Financial Firms

Mark Ross · EP 444: $1.5M in MRR, SaaS, Helping Studios Render Film Faster with GridMarkets CEO Mark Ross · Oct 11, 2016 · at 7:57

Mark Ross, co-founder and CEO of cloud rendering platform GridMarkets, discusses the company's funding sources with host Nathan Latka.

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“My partner and I have put money into the company, and we've had 10 angels invest in the company, and these are pretty noteworthy people from senior, senior level positions in financial services companies including Goldman Sachs, Bank of America. Here in San Francisco, we have a director of a hedge fund who has invested.”

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More from Mark Ross

Assertion Not checkable as stated
Ross: GridMarkets cuts rendering turnaround from months to hours
“We serve studios who make movies, animations, and special effects, and they would use our service to submit what's called rendering and simulation, which is a very computationally intensive application, and through a button that they can push in their applicat…”
Mark Ross Oct 11, 2016 ▶ 2:35 EP 444: $1.5M in MRR, SaaS, Helping Studios Render Film Faster with GridMarkets CEO Mark Ross
Assertion Partly supported
Ross: Roughly 80% of Global HPC Servers Sit Powered and Idle
“So today there are roughly 80% of the high performance computing servers that are in the world are not being used. They're idle. They're electrified. They're racked and stacked, but they're just sitting there waiting for something to come to them.”
Mark Ross Oct 11, 2016 ▶ 3:19 EP 444: $1.5M in MRR, SaaS, Helping Studios Render Film Faster with GridMarkets CEO Mark Ross
Assertion Not checkable as stated
Ross: GridMarkets generates around $1.6 million in monthly revenue
“In that neighborhood. Yeah.”
Mark Ross Oct 11, 2016 ▶ 11:23 EP 444: $1.5M in MRR, SaaS, Helping Studios Render Film Faster with GridMarkets CEO Mark Ross
Disclosure
Ross: GridMarkets Requires No SLAs or Machine Commitments from Compute Suppliers
“It's an arrangement that really does not require a service level agreement with our suppliers. It doesn't require any commitment for them to provide us any, you know, specific amount of machines. The reason for that is we've built a grid, so if one supplier's …”
Mark Ross Oct 11, 2016 ▶ 4:09 EP 444: $1.5M in MRR, SaaS, Helping Studios Render Film Faster with GridMarkets CEO Mark Ross
Assertion Not checkable as stated
Ross: GridMarkets processes over 1M credit hours monthly
“Well, we've I would say we're in the probably just over the millions, million mark at the moment.”
Mark Ross Oct 11, 2016 ▶ 7:34 EP 444: $1.5M in MRR, SaaS, Helping Studios Render Film Faster with GridMarkets CEO Mark Ross
Assertion Not checkable as stated
Ross: GridMarkets currently serves over 700 customers
“We have over 700 at the moment.”
Mark Ross Oct 11, 2016 ▶ 10:41 EP 444: $1.5M in MRR, SaaS, Helping Studios Render Film Faster with GridMarkets CEO Mark Ross
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