Pat Sullivan, founder of Ryver, explains to Nathan Latka how a startup can compete against multi-billion dollar incumbents like Slack and Trello.
0:00 / 0:16exact quote · 16.8s
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“Well, you know, in any space, particularly a new space, there's never just one winner. And there's always a way if you really work at it to differentiate and find a place where they're not as strong as they seem.”
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More from Pat Sullivan
Insight
Sullivan: Repeat founders make a mistake by self-funding their new startups
“I learned long ago that entrepreneurs the second time that they start a company after selling they make the mistake of funding their own company because now that they've sold a company, they're really smart. And there's a validation that you have to go through…”
Pat SullivanApr 21, 2019▶ 4:481366 ACT! and SalesLogix Founders New Company Hits $1m in ARR
Opinion
Sullivan: Ryver has been the most difficult startup of his career
“By far the majority of companies struggle and river of all my startups have, has been the most difficult.”
Pat SullivanApr 21, 2019▶ 7:091366 ACT! and SalesLogix Founders New Company Hits $1m in ARR
AssertionNot checkable as stated
Sullivan: Ryver's monthly customer logo churn is under 1%
“It's slightly less than one percent of our customers.”
Pat SullivanApr 21, 2019▶ 8:551366 ACT! and SalesLogix Founders New Company Hits $1m in ARR
AssertionNot checkable as stated
Sullivan: Ryver grew almost 50% month-over-month last month
“Last month we grew almost 50%.”
Pat SullivanApr 21, 2019▶ 9:341366 ACT! and SalesLogix Founders New Company Hits $1m in ARR
Insight
Sullivan: SaaS companies begin needing enterprise features at 500 users
“The companies who need single sign-on and the enterprise features really begins around 500 users.”
Pat SullivanApr 21, 2019▶ 10:061366 ACT! and SalesLogix Founders New Company Hits $1m in ARR
PredictionNot checkable as stated
Sullivan: Ryver will break even or be profitable in 5-6 months
“I would like to think that in the next five to six months, we will be breakeven, even profitable.”
Pat SullivanApr 21, 2019▶ 11:581366 ACT! and SalesLogix Founders New Company Hits $1m in ARR
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