Info

SaaS Interviews with CEOs, Startups, Founders

What if you knew data behind the fastest growing SaaS companies today? Each morning join Nathan Latka as he spends 15 minutes interviewing SaaS founders. You'll learn how SaaS CEO's launched their startup and grew it into a business. SaaS Founders range from bootstrapped to funded, MVP to 10,000 customers, pre revenue to pre IPO.
RSS Feed Subscribe in Apple Podcasts
SaaS Interviews with CEOs, Startups, Founders
2022
December
November
October
September
August
July
June
May
April
March
February
January


2021
December
November
October
September
August
July
June
May
April
March
February
January


2020
December
November
October
September
August
July
June
May
April
March
February
January


2019
December
November
October
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


2015
December
November
October


Categories

All Episodes
Archives
Categories
Now displaying: Page 1
Apr 17, 2017

Christopher Gibson. He’s the co-founder and CEO of Recursion Pharmaceuticals, a biotech company leveraging the latest automation, computation and biological tools to perform drug discovery at scale. Chris holds a BS in bioengineering, a BA in managerial studies, and a bioengineering PhD from the University of Utah.

Famous Five:

  • Favorite Book? – The Hard Thing About Hard Things
  • What CEO do you follow? –  Perry Fell
  • Favorite online tool? — Slack
  • Do you get 8 hours of sleep?— 5.3 to 5.4
  • If you could let your 20-year old self, know one thing, what would it be? – Chris wished he knew where he was going to go so he could get to where he is now, faster

 

Time Stamped Show Notes:

  • 01:42 – Nathan introduces Chris to the show
  • 02:12 – Recursion shortcuts the long, arduous path of drug discovery into the market
    • 02:24 – Recursion combines the best elements of biology, automation, and computation
  • 02:34 – Recursion partners with large pharmaceutical companies
  • 02:45 – Recursion partnered with Sanofi Genzyme
    • 02:51 – Sanofi had drugs that didn’t end up in the market
  • 03:10 – The challenges involved in being target-based
  • 04:00 – Recursion earns from partnerships and royalties
    • 04:20 – Recursion also has an internal pipeline for the drugs that they’ve developed themselves
    • 04:43 – Recursion doesn’t earn from the internal pipeline
  • 05:51 – Recursion and what they receive from their partners
    • 06:28 – There are partnerships with very, little upfront
    • 06:34 – There are partnerships that have 8 figures, upfront
    • 06:46 – The number of scientists that will work on the drug is also considered
    • 07:22 – If Recursion is successful with their deals, they get royalties
    • 08:38 – The royalties’ lifeline
  • 08:56 – Recursion has 40 people 
  • 09:25 – Recursion was launched in 2013
    • 09:34 – They sat in their office until January 2014
  • 10:01 – Chris was part of a program where he was paid a stipend, so he broke even
  • 10:20 – Chris’ parents were excited about his PhD
  • 10:37 – Recursion has raised $19M in equity and $5M non-diluted from grants and private foundations
  • 11:28 – Recursion’s valuation as a platform company
    • 12:14 – If Recursion will be successful, they will impact the society in a big way
    • 12:41 – It is vision-based
  • 12:54 – First year revenue was 6 figures
  • 13:12 – “Our deals have been strategic in terms of the way we put them together”
  • 13:45 – 2017 target
  • 16:10 – The Famous Five

 

3 Key Points:

  • Different sources of revenue benefit a company.
  • The valuation of your company depends on how your company is currently performing and how well they will perform in the industry.
  • First year revenue isn’t always nil.

 

Resources Mentioned:

  • The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
  • Organifi – The juice was Nathan’s life saver during his trip in Southeast Asia
  • Klipfolio – Track your business performance across all departments for FREE
  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
  • Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
  • Freshbooks – Nathan doesn’t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW
  • Show Notes provided by Mallard Creatives
0 Comments
Adding comments is not available at this time.