Sean Sankaran, founder of GRC platform FixNix, responds to Nathan Latka's question regarding whether FixNix will cross a $1 million revenue run rate during 2021.
0:00 / 0:04exact quote · 4.8s
720p mp4 · rendered on demand · StarZero watermark
“Yes we are seeing a huge attraction post COVID-ninete.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Sean Sankaran
Opinion
Indian venture capital firms historically did not understand enterprise SaaS
“In India, the venture capital's appetite to understand this kind of enterprise proposition your new SaaS enterprise proposition for a new industry, I think was very less. I think people didn't get enterprise at all in the Indian venture capital community.”
Sean SankaranApr 30, 2021▶ 9:14$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Disclosure
Sankaran: FixNix pays referral partners a recurring 20% commission
“We pay 20 percentage of the recurring revenue. In fact, if they bring a 6000 dollar deal, they get a recurring 20 percentage commission out of it.”
Sean SankaranApr 30, 2021▶ 12:28$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Insight
Sankaran: Selling GRC platforms to SMBs under $20k is a new model
“This is usually traditionally called as governance risk and complaints platform. It's only sold for enterprises. They go sell for half a million dollar to an average client. So I think this new business model of selling for two, 20,000 dollars or even lesser t…”
Sean SankaranApr 30, 2021▶ 13:11$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Disclosure
FixNix's attempt to partner with the Reserve Bank of India failed
“In fact, we tried partnering with the regulator of India, Reserve Bank of India. We tried doing a public-private partnership. We tried form in their own cloud to focus on some markets like credit union, community banks. But it was a big dud. I think focusing o…”
Sean SankaranApr 30, 2021▶ 14:13$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
AssertionNot checkable as stated
Sankaran: FixNix currently has roughly 30 active customers
“Actually, we have maybe 30 plus.”
Sean SankaranApr 30, 2021▶ 4:56$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Disclosure
FixNix plans to raise $5M to $10M via crowdfunding and partners
“Now we are looking at five to ten million, maybe five through a crowdfunding five, maybe through other partners who may be interested in the space.”
Sean SankaranApr 30, 2021▶ 10:27$1m in Revenue and $15m Valuation, What GDPR Compliance Tool FixNix Is Building
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.