Aleman: Servoy is on track for $30M ARR, targeting $40M next year
Jan Aleman · 1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space · Nov 27, 2019 · at 15:33
Jan Aleman, founder of Servoy, discusses revenue milestones and plans to grow to $40M ARR on cash flow before raising outside funding.
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“Well, so this year we're going to do a 30, so for next year, if we, we're happy if we're going to hit 40 with our existing cash flow without external funding, and then we believe we're ready to make the next step.”
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More from Jan Aleman
Aleman: Low-code platforms cannot build complex business applications
“While low code is great, it's not very capable of building complex business applications. It's usually only used for very small point applications.”
Aleman: Major IT vendors lack up-to-date low-code offerings
“Nearly all of those vendors at Dell want to move into this market into the space of low code software development, don't have a current or don't have an up to date offering.”
Aleman: Outside funding could return Servoy to 100% annual growth
“We believe that with an additional funding round, we could put the growth rate back to a hundred percent year over year.”
Aleman: PaaS platform churn drops once customers build applications requiring rewrites
“So we typically see churn at the start of getting a new customer on board. Once you're, or into the platform, once you've developed a bunch of applications, the stickiness is is very good. Also because you would have to redo your applications.”