Insight certainty 4/5 debate potential 2/5

Jordan: Great Tech Products Fail Without Synchronized Sales and Marketing

Nick Jordan · He Stores 10 Petabytes and Still Halved His Cloud Bill · Mar 14, 2023 · at 4:54

Nick Jordan, founder and CEO of Narrative.io, reflects on his transition from product management to CEO and learning how functional business units interconnect.

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“Making a company successful requires sort of all the different teams, all of the different functional areas within the company to be successful, to do well, and to work with each other. Having come from a product management background, I thought product management was the center of the world. I thought if you build a great product, you know, the rest is sort of ancillary because, you know, especially in technology companies, it's all about product, product, product. But in reality, you could have the best product in the world, and no one knows about it, and you're not going to have a successful company. Or you could have the best marketing in the world and everyone knows your company, but you've got nothing that anyone wants to buy and you're not going to have a great company. You could have, you know, great marketing and a great product, but your sales team, you know, doesn't know how to go out there and get people to use the product or buy the product, and then it doesn't matter. So, you know, I think to the extent that you can think of a company as a symphony, you can't just have the string section or the woodwinds or the percussion. They all have to play together to really work.”

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More from Nick Jordan

Insight
Jordan: Shutting down early benefits stakeholders over dragging out a failure
“You know, I do think you have to find a way to cut and run and, you know, it actually probably benefits You know, the investors and the employees and a bunch of people, you know, to do that early instead of dragging it out too long anyway.”
Nick Jordan Mar 14, 2023 ▶ 9:16 He Stores 10 Petabytes and Still Halved His Cloud Bill
Disclosure
Jordan: Narrative Halved $95K Monthly AWS Bill While Doubling Revenue
“We got 95 grand one month, I think is probably the peak of our AWS bill. The good news is, I think we have, the AWS bill has gone down every month for the last six months. Last month being December of twenty-twenty-two, we were under 50,000 dollars. So, you kn…”
Nick Jordan Mar 14, 2023 ▶ 18:31 He Stores 10 Petabytes and Still Halved His Cloud Bill
Prediction Not checkable as stated
Jordan: Narrative plans to double 2023 revenue with roughly flat AWS costs
“We think we can continue to grow revenue this year, 20, 23, you know, the plan has us growing by almost doubling revenue. And we think AWS costs year over year are going to be roughly flat.”
Nick Jordan Mar 14, 2023 ▶ 19:16 He Stores 10 Petabytes and Still Halved His Cloud Bill
Disclosure
Jordan: Narrative stores between 5 and 10 petabytes of data on its platform
“I mean, we're storing, you know, somewhere between five and 10 petabytes of data on the platform. Much of that data is processed, not just, you know, once, but many times on behalf of our customers.”
Nick Jordan Mar 14, 2023 ▶ 19:43 He Stores 10 Petabytes and Still Halved His Cloud Bill
Disclosure
Jordan: Narrative.io has received multiple inbound acquisition inquiries
“There have been a couple of times that there has been inbound interest from companies around acquisition. I had investors, I had board members ask, you know, if the company were to be acquired, you know, would you want to stay on board? Actually, we had to, yo…”
Nick Jordan Mar 14, 2023 ▶ 27:39 He Stores 10 Petabytes and Still Halved His Cloud Bill
Opinion
Jordan: Sarcasm Plays Worse in the Bay Area Than on East Coast
“The farther west you move in, in the U S at least the less appreciated sarcasm is. I lived in the Bay area for a number of years and I think there were a bunch of things about me, you know, sort of being a high-strung New Yorker, being very dry-witted and very…”
Nick Jordan Mar 14, 2023 ▶ 34:53 He Stores 10 Petabytes and Still Halved His Cloud Bill
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