Jeremy Almond: We have another product where most of the time when a payment that needs to be authorized goes beyond a certain amount, there are controls in place. Maybe your accounts payable clerk can pay bills under $10,000. For over $10,000, it needs to go to the controller. Over $50,000, it needs to go
Sramana Mitra: What was the pricing model for this product? Fred Plais: It’s a yearly subscription which includes the old product. You’re getting your hosting part of the subscription but you also get all the DevOps workflow that comes with this. For a price starting at $15,000 per year, you get hosting capabilities, 24/7 support,
Sramana Mitra: My question also is, what is the value proposition versus direct deposit? Jeremy Almond: In the US, you have effectively three ways to get paid if you’re a business. All three of these are systems that were built before the internet. The first way is paper check. As consumers, we don’t use them
In case you missed it, you can listen to the recording here:
Entrepreneurs are invited to the 410th FREE online 1Mby1M mentoring roundtable on Tuesday, August 7, 2018, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register
Sramana Mitra: In 2015, you decided to create this cloud stack. Then you started getting traction with other customers like Magento. How did you get to that? What gave you the idea of building that stack? Fred Plais: We were involved in several e-commerce projects where things were failing because of DevOps. It was always
During this week’s roundtable, we had as our guest Dafina Toncheva, Partner at US Venture Partners, an expert in Cyber Security. We discussed a variety of topics including the shifting of Series A metrics to $2M-$3M ARR for SaaS companies. You can listen to the recording of this roundtable here:
The B2B digital payment space is changing. Listen to Jeremy discuss the developments. Sramana Mitra: Let’s start by introducing our audience to yourself as well as PayStand. Jeremy Almond: I’m the Founder and CEO of a company called PayStand. PayStand is a B2B digital payment network. What Venmo does for consumers, we do for commercial