Kieran Bollard, CEO of e-commerce software platform Kumo, breaks down the company's total customer scale with host Nathan Latka.
0:00 / 0:02exact quote · 2.8s
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“So we have about 350”
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More from Kieran Bollard
Insight
Software providers should not take revenue share on existing B2B volume
“So we shouldn't be charging a revenue share on that business because they've earned that business themselves, right? So that's why we do a fixed model in the B to B space.”
Kieran BollardJan 6, 2020▶ 9:571626 How He's Making $5m in ARR off $35M in GMV From B2C ECommerce Brands
AssertionContradicted
Google's EMEA VP Ronan Harris joined Kumo's board
“The MD of Google for Europe. It's just joined our board as well. And VP of Mia, Ronan Harris.”
Kieran BollardJan 6, 2020▶ 4:221626 How He's Making $5m in ARR off $35M in GMV From B2C ECommerce Brands
AssertionNot checkable as stated
Migrating enterprise customers from Magento to Kumo takes up to three months
“We have lots of customers who switched and migrated from Magento, for example which would take, you know, six weeks to three months.”
Kieran BollardJan 6, 2020▶ 14:451626 How He's Making $5m in ARR off $35M in GMV From B2C ECommerce Brands
Insight
Enterprise e-commerce sales reps must close 10 to 15 deals annually
“For a sales guy to be profitable in this business, you need to be doing 10 to 15 deals a year. They need to be doing a minimum of 10 to 15 deals a year.”
Kieran BollardJan 6, 2020▶ 15:321626 How He's Making $5m in ARR off $35M in GMV From B2C ECommerce Brands
Disclosure
Kumo funded early development using liquidity from its sister agency
“We hadn't actually raised any finance Up until last year. Because we had our sister company, which was profitable, we've been investing the liquidity through that business in the Kumo software business.”
Kieran BollardJan 6, 2020▶ 3:061626 How He's Making $5m in ARR off $35M in GMV From B2C ECommerce Brands
Disclosure
Kumo is raising a $2M convertible note ahead of institutional round
“So it's a small round of a couple of million that we're taking in with a view to a much larger round.”
Kieran BollardJan 6, 2020▶ 4:541626 How He's Making $5m in ARR off $35M in GMV From B2C ECommerce Brands
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