Adam Broadway, founder and CEO of PlatformOS, describes his company's pricing structure during an interview with Nathan Latka.
0:00 / 0:09exact quote · 9.4s
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“It's purely usage. Very similar to the AWS model. So we just go based on how many computational cycles, how many API calls, how much data is uploaded.”
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More from Adam Broadway
Disclosure
UiPath runs its marketplace on PlatformOS
“And they are now running their marketplace on our platform, as well as a whole bunch of other things.”
Adam BroadwayNov 11, 2019▶ 4:571570 How This $2m ARR CEO Gives Enterprises Their Own Version of Facebook
AssertionNot checkable as stated
PlatformOS annual gross churn has decreased to roughly 5%
“Oh, we haven't we probably have about a, it's down to around five percent and going less because of the annually.”
Adam BroadwayNov 11, 2019▶ 12:071570 How This $2m ARR CEO Gives Enterprises Their Own Version of Facebook
AssertionNot checkable as stated
PlatformOS boasts net revenue retention of over 120%
“I would say, yeah, I would say at the low, low end of a hundred, 120%. It's definitely just over.”
Adam BroadwayNov 11, 2019▶ 15:251570 How This $2m ARR CEO Gives Enterprises Their Own Version of Facebook
Disclosure
PlatformOS plans to seek strategic investment rather than venture rounds
“We, I think, you know, throwing some fuel on the fire would be useful in the year ahead and I think some strategic investment for them from the right type of people, and that may even be some of our large enterprise clients might well come in and say, Hey, we …”
Adam BroadwayNov 11, 2019▶ 16:401570 How This $2m ARR CEO Gives Enterprises Their Own Version of Facebook
Disclosure
PlatformOS was completely bootstrapped without outside venture funding
“Bootstrapped. We have, we've been Putting our own money in as far as working hard, getting real customers, solving real problems, and working with it.”
Adam BroadwayNov 11, 2019▶ 7:501570 How This $2m ARR CEO Gives Enterprises Their Own Version of Facebook
AssertionNot checkable as stated
Broadway: PlatformOS has roughly 150 active live customer sites
“Active live, I would say a 150, about half.”
Adam BroadwayNov 11, 2019▶ 8:121570 How This $2m ARR CEO Gives Enterprises Their Own Version of Facebook
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