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Mozart Data specializes in data stack, SaaS, data-visualization and engineering solutions for companies., Modern Data Stack
Last updated
In 2024, Mozart Data's revenue reached $2.9M. The company previously reported $3.1M in 2024. Since its launch in 2020, Mozart Data has shown consistent revenue growth.
Mozart Data reached a $100M valuation in 2022, set during its Series A round.
Mozart Data has raised $21M in total funding across 2 rounds, most recently a $15M Series A round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series A | $15M | $100M | 15% | |
| 2020 | Seed Round | $6M | $40M | 15% |
CEO
I have over a decade of experience running data and data-adjacent teams at companies like Microsoft, Yammer, Opendoor, Playdom, and Eaze. I realized that I was building the same types of modern data stacks at each company which inspired me (and my co-founder Dan) to found Mozart Data in 2020. Mozart Data makes it easy for anyone to set up a modern data stack, without a data engineer, in under an hour.
| Question | Answer |
|---|---|
| What's your age? | 44 |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Mozart Data serves 90 customers.
Mozart Data employs approximately 25 people as of 2026, including 5 sales reps that carry a quota. It serves 90 customers that rely on its solutions.
Mozart Data generates $2.9M in revenue.
Mozart Data was founded by Peter Fishman.
The CEO of Mozart Data is Peter Fishman.
Mozart Data raised $21M across 2 rounds.
Mozart Data has 25 employees.
Mozart Data is headquartered in United States.
Mozart Data operates across multiple industries. Browse revenue, funding, and growth data for Mozart Data in each sector below.
guys Pete Fishman mozartdata.com they've got big customers like modern treasury called almost 100 customers paying on average 1800 bucks a month they're pushing a two million run rate today in a really good position they close to 15 million dollar series a last year at pushing call at somewhere around 100 million dollar valuation and they're pretty Scrappy about it they didn't go hire 100 people there are 25 folks full-time today taking a disciplined approach to growth we'll see what happens next hey folks my guest today is Pete Fishman he's a CEO and co-founder of Mozart data he's over a decade of running data and data adjacent teams at startups in a variety of Industries including gaming social HR and benefits real estate and many others when he realized he was building the same thing at every company said man I got to build a modern data stack that anybody can use and that's why he launched mozartdata.com Pete you ready to take us to the top ready to do it all right who's using you these days is there any customer you can talk about in a use case you know sure I would say that um obviously we we love highlighting our you know our big customers so you know we've we've got uh you know a few unicorns that are using us I love you know obviously giving shout outs to a company like modern treasury who's been one of our like longest uh supporters how do they use you everybody knows modern treasury that's a good example yeah you know come on Treasury uses this as as their core data infrastructure so uh they have an incredible uh data science team data analysts um even folks that sort of work as data Engineers but they sort of focus on organizing structuring their data so they could you know build insights and reports and sort of uh monitor those for the company rather than sort of spend most their time um you know doing the data sort of plumbing and data infra work that's really become uh wrote and and commonplace for many of these companies and when we spoke back in December of 2021 you told me your pricing model was based off compute and number of rows is that still the case there have you changed your pricing model um we have not changed our pricing model we are still planning on not Reinventing the wheel on that front there's many many great data companies out there um and we want to copy essentially the the Norms that they've put into the industry so we want to price in a very standard and transparent way uh but one big difference that that those companies don't do versus US is that we bundle those things so many of those companies charge on compute which or charge on rows we charge on effectively the bundle of compute and rows they get you on both it's a pain in the butt because you'll need a one a bunch of one and not a lot of the other but you got to pay for both sort of thing right that's right so we have a singular currency so you can be sort of fungible between those two right so some companies they have just giant often like these are b2c companies that are tracking many many things have you know a bunch of rows but maybe they're not doing as heavy or complex joints on top of them or sometimes you have B2B companies that have very valuable rows so each row represents a lot of money or potential Revenue but then maybe they're so they're bringing in very few to their warehouse but maybe they're doing a lot of analysis of each and every customer very cool and talk to me about growth and usage you said customers on average are paying about 1800 bucks a month two years ago where are you at today actually that number is pretty flat for for two reasons one our largest customers have expanded so you know we've actually set new records uh last month and the previous month where uh you know our our sort of biggest usage-based customers that are that are paying us you know uh you know north of six figures um but we've also brought on board a lot of sort of more early stage companies and we sort of introduced more new pricing that is much more early stage friendly um so the the net of those two sort of balance out on our ACV fair fair do you have your first million dollar account yet uh we don't have a seven figure account but um but we are uh yeah I will you'll be one of the first to know uh when that happens and but you know there are a lot of companies that do spend a lot of in on Data infrastructure obviously many companies that spend seven figures um we obviously Target the smbs and you would be surprised at how quickly you know consumption goes up once they start seeing value in data oh 100 okay so about flat there um you launched business in 2020 you told me you came on I think it was last year that I think this is right you guys did a 15 million series a right last year that's correct yes talk to me about that was that before was the market already crashing at the point or did you get that in right before things started going a little Haywire I I like to think of it as like Indiana Jones where like it just sneaks in as like the door is like sort of uh coming down you know I don't I don't I don't think we you know we we raised uh at the start of uh 2022 so not the world's best time but but in hindsight basically yes the world's effectively best time yeah so uh you know I would say I would say that um obviously we raised a great round at a great time which means that we have a long Runway so we are trying to still have a pretty forward-looking perspective you know obviously not that we see you know an end to a Runway but I think we also do want to be responsible um you know this is not uh my first rodeo and I and I've seen companies that have you know kind of used their Runway poorly so we want to be pretty intentional about what we're trying to do oh what's going on there YouTube good to see you guys now imagine this you love watching these interviews with SAS Founders but imagine if we took all of the valuation data out from over 2807 interviews I've done manually saves you a lot of time well we've done this we've built the into the beautiful interface inside of founder path check this out I'll show you how you can access this in a second but you log in you connect your stripe account you see your valuation real time you can see what it changed over the past 88 days and even set goals for evaluation this year now the secret valuation is there's many different ways to value a SAS business so the reason you're going to see three or four different evaluations inside of your founder path dashboard this is all free by the way is because depending on who's doing the buying of your SAS company you're going to get a different valuation a VC is going to pay a different valuation private Equity Firm is different if you're going to do a minority sale that's different and if you sell the whole business that's a different valuation you can see all those when I hover over here here right so the teal is what a VC would pay yellow is what private equity and red is if you sold the whole thing outright now what's cool about this is this is not built off random data again you guys hear these interviews on YouTube all these datas are built from real-time valuation data points Founders share with us on the show so traction 1.2 million seed around 3.7 raise they sold 22 percent of their business go in here and filter by the event maybe you only want to see companies that have sold the whole business well here are a bunch that have been acquired the valuation and the multiple maybe you're going out right now and you're raising your seed round well go in here and look at all this recent seed deals that went down what they raised what valuation they raised at and what percent that they sold there's never been a larger data set of SAS valuation than what you can get now inside of founder path and we're thrilled to bring it to you all right we're gonna go back to the YouTube video here in a second but if you want to check this tool out if you want to jump in and sign up you can check it out for free to get your valuation at this link this link founderpath.com forward slash products forward slash evaluations or if you go to founderpath.com and hover over products click on get your evaluation here and go ahead and sign up to give it a whirl again all that valuation data live right inside the platform I hope to see you there all right let's jump back into the interview and was that series a pretty standard most folks are selling call it 10 15 of the company in their series days back then were you sort of in that same range yeah exactly so um so you're pushing you're pushing then a six figure out sorry a seven sorry a nine figure valuation and over 100 million um that would be obviously if it were 15 15 million on 15 would be uh would be 100 million so yeah I think uh you know obviously uh you know valuations and fundraising and quantity of capital available um were uh you know we're obviously very different uh in 2021 but I guess I not to play on this but the reason I asked that question is there's a lot of folks that did great rounds last year at really high uh multiples I forget if I think you're at like two or three million and run rate when you did that which is like a 40 or 50x multiple uh right right something like that oh no we were we were actually uh actually just south of a million so actually it was like you know if you if you take if you take that if you take that number it ends up being obviously you know a bigger multiple yeah that's interesting so I guess the reason I bring that up is obviously every startup you also sold seven percent to YC back in the day for 150k you're part of that program you've got to manage obviously the storyline you tell your team on their option value and so if they see the market going crazy but you were bragging a year ago about the how you got a really great valuation minimized dilution how do you now reverse that narrative until the updated storyline which is guys your options are still above water don't worry well I mean you know we don't think of basically the private valuations or the sort of current state of the market as the the key indicator for kind of the success of the company at the end of the day this company will be you know especially for the employees the common holders which include me like uh there's very few outcomes where the company ends up being worth exactly the amount that we raised for um the company the modal outcome of the company the the mean in the median is that uh is that ultimately it goes to zero but uh but there are many outcomes where the company is wildly successful so you know we don't really we don't really harp on uh the likely outcome for many companies in the seed in series a stage we we think about kind of what the opportunity is and we race pretty hard to that and you know in terms of options being underwater you know obviously I've worked at many companies some yeah that's why I asked yeah some options were successful and and and some they weren't a couple of things we did do so we did do a reset 409a so it is the case that firms that are doing 409a evaluations um have been uh very different about those valuations the back half of 2022 than they were uh in 2021 so we're still seeing about 30 discounts to the to the last round or are you seeing something different um in terms of uh the 409as yeah the 490s all last year were coming in 30 about 30 percent of what we were seeing the valuations at um I mean to be to be total to be totally honest I I uh damn now I'm doing the math in my head it was it was steeper than that so it was almost a 50 discount so uh so uh you know I would say that well no not steeper sorry what I was saying is what I was seeing was 70 discounts where the valuation was 30 percent okay so that was not what I was seeing in in in our 409a um but but resetting that for employees was actually important so it gives them greater confidence that um greater confidence that uh they are going to be above water and that there's a lot of value in essentially holding their their common shares and their their belief that you know our company can get to a really great place with our Runway Pete what's the same size today how many folks we are 25 folks so that's great so you've grown without adding a lot of that because I think last we spoke you were at 20 or 21 people so you haven't gone on some crazy hiring spree so we're uh we're about five people bigger uh than when we last talked if I were six people we're gonna last stop so you know you're talking about 20 or 30 percent um you know and and to that end you know obviously that sort of corresponded to a little you know honestly a little shrink in um what was our model so our model was to double our people and you know more than triple our revenue and I think that we've been a lot you know a lot more focused on doing everything efficiently and we sort of got that that cue really early uh I think before a lot of companies really that became the the thing that everybody started doing yeah the LinkedIn post that went viral yeah very cool talking about customers today so obviously you mentioned you're adding at the top of the funnel lower RP but you're also expanding with big ones how many total customers are you serving today no we're below 100 customers uh I was really hoping to to get there for this podcast uh and you know when you multiply that by our ACB which I mentioned was between you know 20 and and 25k so we're we're pushing up against uh hitting you know two million um and um you know I would say that you know our goal is to uh really expand on the low end so we still see really great ndr in our cohorts what's good like above 130 140 percent um yeah so uh so the answer is yes uh so some of our initial cohorts were just ridiculous so over two dollars um but but uh you know once we see those companies maturing and starting to really add all of their data sources we're still seeing you know well above you know a dollar and a quarter and you know into the dollar fifty yeah so 120 550 ndr is what that means right yeah exactly yeah very very cool all right I I just benchmarked it against the dollar no I think that's great I I think that's actually made way easier to talk about it against a dollar uh I'm a dollar not a percent guy um cool I guess any other things you're you're that you think are sort of is non-common advice but you know is true because you've done this so much advice you'd give other entrepreneurs well so I mean I would separate out a couple of things so you mentioned one just trying to motivate the team um with uh you know with with Equity but being extremely generous given kind of the likelihoods of of potentially being out of the money so you have this tension of the teams valuing Equity at a time of high inflation and you know kind of the world is collapsing but what you get are the True Believers in your company so it's a little bit counterintuitive the ones that are finding kind of that difficult to find motivation in it you know probably aren't quite the right fits for your team so you you know we offer extremely generous Equity packages to you know join the company which is also why we've had maybe a little bit smaller of a growth right so we've been focused on giving out and and as a result we also had a larger Equity option pool um because we did and you know anticipate maybe what's large I mean most standard ones are like five to seven percent uh attached to the series a round did you do something bigger than that in terms of ESOP yeah we did do a little bit bigger than that so um and and and we've got that sort of corresponds to the philosophy and I think it matches um what I think of as your opportunity which is you know now is now is the classic time to join startups these are when the heroic returns actually happen we think that uh we have the runway to make something special happen so it's kind of getting in at the right time um I think gives us like really a unique opportunity as opposed to one where where there was so many uh competitors that are able to sort of join us along the way so you mentioned that one from the start the other one that I think is you know one that I talk about we sell to smbs um and and I typically like hot smbs right like so companies that are growing that are getting data that that are growing with that you know that segment is going to be a lot more dollar constrained right and so you have this sort of counterbalance that I'm seeing which is on the one hand we sell a product that's supposed to substitute out a much much much much more expensive product data Engineers a data engineer might cost 100x what Mozart costs um so so on the one hand we have sort of the sort of Tailwind of where a sort of a a cheaper product than the data engineer so that's an incredible Tailwind in this tight like tightening of money on the other hand you know the companies that we sell to have had a huge money crunch maybe if you raised at the right time great but many companies that are sort of really tight on budgets and are you know worried about their next fundraise um we find a that challenge of selling into that group interesting well it'll certainly be a very interesting next next 12 months it sounds like you have plenty of Runway to get there but on that note P let's wrap up here with the famous five number one favorite book um I mentioned this the first time but I'm gonna go back to it uh it's it's Moneyball so Moneyball is the inspiration for um finding uh unique things in data and um I've sort of based a lot of my personal career around it I started my career in sports analytics and now have made a career in Tech analytics number two is there a CEO you're following or studying um yeah I I again I think uh I'm gonna go with another cop out and I mentioned this last time um no Stuart Butterfield I know I'm going with Derek steer so I'm wearing uh oh there you go so um you know Moda is a company that uh you're an early investor weren't you the first investor David tax and I were the first two investors in and mowed the company um you know they spun out of Yammer which was a team that I I ran and now ironically they're a great partner of ours and that it pairs nicely with Mozart but the thing that I respect most is that um they have forged a really great path of selling to data analysts and they think about the analyst um so deeply and then on top of it they've started to uh be able to solve problems that that you get to as you mature and mature as you as you move Upstream so we really do want to follow exactly in their path and I'm gonna take a cue from uh you know from that whole founding team but Derek in particular about sort of being a thought leader and that driving kind of that that growth into larger and larger organizations and if you guys want to learn from Derek he is one of our Keynotes at SAS open coming up in 14 days in New York City sasopen.com come learn great story easy well I don't know that's public I won't chat about that number three what's your favorite online tool for building a business uh so favorite online tool well we have to you know we have to certainly shout out some of our customers so like uh I obviously I'm a big fan of uh Rippling so uh you know we I'm not believe it or not an HR leader I did mention you did mention off the top that I work in HR Tech but um you know having somebody to sort of steal that work uh from me and making sure that you know our employees get paid is uh first and foremost right number uh four how many hours of sleep do you get every night um I'm a light sleeper I think they call it like a dolphin sleeper so I do about five to six hours a night um and I I am drinking coffee now but I I also drink coffee maybe two days a week so uh I'm pretty I sort of freakishly able to to get by with like five or six eight hours of sleep that's great I think you've had two birthdays since we last book are you 43 now I am still 42. uh 42 okay getting it uh you know Dan and I started the company uh effectively in our 40s uh so late to the entrepreneur game um but we did start a hot sauce company together 10 years prior but uh late to the entrepreneur game but still going strong still got the energy of a 24 year old even if I'm 42. that's great and everything married any kids uh yo getting married uh oh yeah you mentioned in June in June um having uh so we'll you know we'll see if I can keep uh keep my energy through through the marriage and then whatever comes next that's awesome and Pete last question something you wish you knew when you were 20. um you know I think the things that uh I ca I'm actually going to my I I actually just signed up to go to my 25th High School reunion so I was so I was 8 18. um and you know the things that I that I really wish I knew uh you know and I I think it's you know I actually just had this moment of of thinking about it you know I like to say that it kind of all works out um you know the things that I cared so much about um you know I remembered caring about you know whether or not I was the captain of my you know high school math team or whether I you know was you know achieving some sort of like uh not meaningless Accolade but that kind of has translated into you know that that desire for that and that push for that was exactly um you know I think the things that sort of perpetuated me in different stages of of professional growth but it's also I wish I had cared a little bit less about it and I also often feel silly about mentioning like high school accolades uh for obvious reasons uh 25 years later so I I would say that it kind of all works out as the thing that I most uh you know uh wish I knew or or could wrap my head around guys Pete Fishman mozartdata.com they've got big customers like modern treasury called almost 100 customers paying on average 1800 bucks a month they're pushing a two million run rate today in a really good position they close to 15 million dollar series a last year right pushing calls somewhere around 100 million dollar valuation and they're bringing pretty Scrappy about it they didn't go hire 100 people there are 25 folks full-time today taking a disciplined approach to growth we'll see what happens next Pete thanks for taking us to the top thanks Nathan one more thing before you go we have a brand new show every Thursday at 1pm Central it's called Shark Tank for SAS we call it deal or bust one founder comes on three hungry buyers they try and do a deal live and the founder shares back-end dashboards their expenses their revenue our poo CAC LTV you name it they share it and the buyers try and make a deal live it is fun to watch every Thursday 1 p.m Central additionally remember these recorded founder interviews go live we release them here on YouTube every day at 2PM Central to make sure you don't miss any of that make sure you click the Subscribe button below here on YouTube the big red button and then click the little bell notification to make sure you get notifications when we do go live I wouldn't want you to miss breaking news in the SAS World whether it's an acquisition a big fundraise a big sale a big profitability statement or something else I don't want you to miss it additionally if you want to take this conversation deeper and further we have by far the largest private slack Community for B2B SAS Founders you want to get in there we've probably talked about your tool if you're running a company or your firm if you're investing you can go in there and quickly search and see what people are saying sign up for that at nathanlacka.com forward slash slack in the meantime I'm hanging out with you here on YouTube I'll be in the comments for the next 30 minutes feel free to let me know what you thought about this episode and if you enjoyed it click the thumbs up we get a lot of haters that are mad at how aggressive I am on these shows but I do it so that we 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All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Networkable Operating System (ERP) for Manufacturing
B2B SaaS powered by AI that makes crop predictions (best harvesting time, plant diseases...)...
Enterprise-grade banking APIs
Developer of a hotel revenue management software designed to maximize hotel revenue. The company's...
Valuation
$100M
2024 Revenue
$2.9M
Customers
90
Funding
$21M
Avg ACV
$32.2K
Team
25
Founded
2020
| Year | Milestone | Source |
|---|---|---|
| 2024 | Mozart Data Hit $2.9m revenue in November 2024 | |
| 2024 | Mozart Data Hit $3.1m revenue in October 2024 | Estimated |
| 2023 | Mozart Data Hit $2m revenue in March 2023 | |
| 2022 | Mozart Data Hit $1m revenue in November 2022 | |
| 2022 | Mozart Data Hit $1m revenue in April 2022 | |
| 2021 | Mozart Data Hit $840k revenue in December 2021 | |
| 2021 | Mozart Data Hit $840k revenue in November 2021 | |
| 2020 | Mozart Data Hit $180k revenue in November 2020 | |
| 2020 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 25 employees (October 2024) | |
| 2023 | Reached 25 employees (November 2023) | |
| 2023 | Reached 25 employees (March 2023) | |
| 2022 | Reached 21 employees (November 2022) | |
| 2021 | Reached 20 employees (December 2021) | |
| 2021 | Reached 20 employees (November 2021) | |
| 2020 | Reached 5 employees (November 2020) |
Introduction hey folks my guest today there's peter fishman he's has over a decade of experience running data and data adjacent teams and companies like microsoft vmware open door platinum and ease he realized that building the same type of modern data stacks of each company which was obviously painting the butt uh was the opportunity that he's building today mozart data they launched in 2020 it makes it easy for anyone to set up a modern data stack without a data engineer in under an hour that's a big promise peter you ready to take us to the top let's do it what does a modern data stack look like today a lot of folks know the individual piece of a modern data stack but what a modern data stack is is uh it's centralizing your data without sort of requiring a lot of data engineers give it a face though name a couple tools today that people would like stick in a data stack well i would like to think mozart data is the tool that no besides your own come on uh but uh but beyond that uh people know el tools like five train and stitch um people are certainly familiar with data warehouse options uh the the biggest and and baddest being snowflake but also uh google bigquery or or amazon redshift um and then people also think now about transform and they think of it in many different flavors in terms of observability data governance uh a lot of bi tooling a lot of reverse etl so really it's about taking data from the silos in which it gets generated and turning it into something useful at the end which is generally a chart that people will then take action on or sending it back into a system that that people use out in the field and operationalize and peter when folks are signing up for this and paying you what are they i mean give me a service suite so are they paying average per month to use your technology sure so you know our acb is uh around twenty thousand dollars but the median is around a thousand dollars a month um so uh people are you know people are essentially you know from that getting data infrastructure so data infrastructure can be you know 10 years ago would take a number of data engineers and a very big check to one of the big tech companies uh to get started today you know not just with our tool but with many tools um you swipe a credit card and you're off to the races you know for as little as say six dollars yep okay very cool so you guys got going on this in what year uh we're a pandemic company so we started in april of 2020. all right 2020. and have you guys raised Raised or decided to uh bootstrap uh so we did y combinator that summer and then raised the seed around uh after y combinator and what are they doing these days is it 160k for seven percent something like that uh so in our class you got the the rich price of 150k for seven percent and now i believe it's 125k so our our company you know had an implied higher cap but then and then subsequently we raised a variety of money through other safe notes um i think you'd raise four million in a more traditional seat after that is it accurate uh it ended up being actually six um through uh kind of a seat extension and what was non you said non-traditional what was non-traditional about how you did it uh so in in so far as that it was in in steps so typically when you think about like an extension or a bridge you're talking about a company that's on its like sadly like it's last legs and trying to figure out a way to get to that next round and when we did it we did it a little bit opportunistically um just because uh i think the market for for you know data tooling is is certainly the investor market for for data tools is is really hot i'd argue it's very advantageous to always have an open round that means anytime you meet someone you can help you and they say i'd love to put money and you can say yes the docs are ready the things thing that is boom boom sign the docs and you can get them in versus if you're closed you got to spin up a whole new process it's a it's a lot you say wait to our series a right and then you lose them right sure the difference between you know uh raising like uh on on a signature versus you know if you're raising a price round uh you know there's an official close date there's you know lining up uh you know all of the terms and all the like not just the not just of the term sheet but of all of the sort of legalese that goes back and forth about edge cases so you know obviously uh if you're an entrepreneur you get into the business not to argue about sort of the edge cases of what happens when you fail you instead only really want to think about um you know how to make your business better and you know how to get that capital efficiently that's right now most folks in their street around these days are selling between sort of 10 and 20 percent of the business were you guys sort of in that same range yeah i think um i think you you know you you have to sell a meaningful chunk of your company and your efforts over over the coming years uh you know when you're raising and you don't have too much to show for it uh the short version is you can bootstrap a company and that's always impressive um but then you can also take you know the gas fuel and try to try to capitalize on a market opportunity that you see so yeah we were we were selling um what feels like in hindsight a large chunk of our company yeah yeah you're talking like six on like a 35 or 40 pre something like that yeah i think and then you know valuations you know change rapidly at the early stage so a hint of traction is really incredibly valuable so uh it is the case that like um you know i think you can think about pre-product and and the team and raising on your resume and your network and then thinking about having a product and being able to go into a pitch meeting just with a demo as opposed to a deck um in fact we didn't really raise uh we didn't really raise with a with a deck um just because uh you know i think now people really are most interested in seeing what it is yeah exactly 100 yeah so talking about the traction do you remember how you got your first customer tell us that story i mean you always you always remember your first dollar so tell me so mike so first off i'll say that my co-founder and i this is our second time doing a company together so 10 years ago we started a hot sauce company together and i don't remember really just our first sale but i remember our first sale to somebody that didn't have one of our last names yeah yeah that was a really special moment for us um now in the data space you don't really sell to you know i don't sell to my parents um so uh you know our first customers unsurprisingly came from our network it was folks that wanted to not just use you know our product as a modern data stack but actually really have the high touch experience of work who was it though peter can you name them are they are they okay being public yeah yeah i mean we talk about these companies all the time so in at the end of y combinator uh we we made three sales and we left y combinator with three sales so um that was tempo um and and rippling were sort of the the two largest and then gaia gps uh was was another sale so we made three sales during y combinator so one per month so actually not that impressive um but like you can think of it as infinity percent growth uh but yeah those those three like you know we sent out the invoices at the same time so technically i think the first strike payment came from i believe the answer is tempo but i'm but oh now i'm embarrassed i bragged about remembering the first dollar in in reality it's just uh you know an electronic transaction so i didn't actually receive that fistful of cash fair fair fair fare okay fast forward Currently serving 40 customers today how many customers are you working with now yeah we're working with uh a few dozen uh almost 40 customers um and um you know obviously that spans a variety of sizes and stages and and industries we're not specific to b2b or b2c peter 40 customers i thought arpu earlier the media and you caught it up a grand it means you guys doing about 40 Monthly recurring revenue 000 bucks a month right now in revenue uh well i think it would be a little bit more than that right so uh so we are doing a little bit better than that um haven't hit the magical seven figures of arr but come on you've got you've got 10 days left can you break 83 grand a month to give him 10 more days i like to think of it by the way i i take the challenge on very seriously but i like to think of the opportunity as our our you know fiscal year end in january 31st so uh so so give me give me 41 days and we'll see we'll see if we can make it okay cool so you you're maybe you're averaging is not a thousand bucks a month it's maybe more like you know 1500 two grand a month and you're more like 60 or 70 grand you quoted the median so just taking many things in stats uh we're definitely a case where you know you have some companies that are six figure companies um so the average looks a lot higher than the median we really do aim to service the small company that's just trying to get started in their data journey but then we hope to service them as they become unicorns deca coins etc we have a number of companies that have become unicorns uh while they've been mozart customers we like to call that causality in practice uh of course one hundred percent yeah oh that's the only reason they're a unicorn now i'll go with maybe maybe it's like uh maybe yeah and peter help us understand growth rate if you're on 60 70 grand a month today where were you a year ago you remember uh sure you know in general we've been growing 10 month over month which is basically a seven month double time um so you know when when you're nyc hold on peter you've got to make it simple for my house you're doing about 20 grand a month a year ago yeah you know we left yc with only 20k but like yeah so if you kind of think about us as having done uh you know over over you know a number of doubles in the last in the last year you know we had fewer than 200k um at uh you know at the sort of yeah if you double if you double your revenue from your go twice you went from 15k to maybe 30k then 30 doubled up just north of 60 at this point i think that probably is on track that's about right yeah um okay cool tell me more about the team how many folks today we are 22 people wow how many engineers uh we're uh we're basically 12 technicals 12. okay pretty what are the other 10 do um you know we do sales and marketing uh we you know i i think a big part of sas we have a we do have a gta we don't call it sales marketing we call it gtm um so and then on top of it we have a lot of uh customer support so folks that are that are helping teams get up and running one of our business models is is similar i call it like superhuman where we love to give people a push in the back so superhuman in order to use essentially their email interface you know they they make you get on a 15-minute call with them so they can explain a lot of their functionality we like to do the same we think that really the hardest challenge in data is just getting started so having sort of an expert by your side to make that that start happen we think is really valuable to our company so a lot of our motion is not just about like a new arr but actually expansion arr as companies really uh get their their data systems going how many csm reps do you have today uh we have we have zero that have that title but we have um we have three folks that kind of uh have like data analytics experience okay and how many are sale like full-time sales reps today with a quota at the company um so we have a sales team of five they all carry quota uh so we have one ae and one head of sales that that basically are closers interesting okay very cool yeah and then obviously net dollar retention is critical as you scale 150 200 is like would be world class uh the only way to get there though is if you set up your pricing tied very closely to you know high value utility metric what is that metric for you [Music] so we didn't want to reinvent the wheel on pricing at the end of the day we charge very similar to many companies in the data space which is based on compute and based on rows uh so this is sort of um the the new language of data tooling and uh you know we didn't invent that wheel so so it is the case that compute is a really good proxy for you know value created so if you're essentially using your data warehouse presumably you're getting some value out of it and that's a that's a pretty common metric that's that's largely how that is how snowflake charges yep just a snowflake obviously a lot of people point them and say you know what they don't even feel like sass it's almost pure utility-based almost like a gas bill and that's why they have ndr that's through the roof uh anyways great story here here let's wrap up with the famous five number one favorite book uh moneyball i'm a data person of course it inspired really my career number two is there a ceo you're following or studying yeah i think um in general i'm always uh you know there are many ceos that i look up to but i love the stuart butterfield example of the pivot into the tool that they were using and the great success that they had after that and i had worked in essentially the enterprise uh space that that was about uh i'd worked at yammer for a number of years number three what's your favorite online tool for building uh mozart uh well my favorite uh tool is we use mozart so besides your own well it's i don't know it's a i don't know if that's a cop-out but i also love uh mode so i i don't wanna say i'm too partial to any bi tool but that was um something that really uh it was mode came out of uh a tool that i had built uh with well they're also derek steer was on the show recently that's also x yammer yammer emer execs were the first uh checks into that business did you write a check it was i was the first jack i don't know i was going to say that to david sacks or if he gave it to me but that's hysterical so you know uh so i will i you know of course i'll you know i have to i say we love all bi tools many of them are downstream partners but i i will say that uh i take a lot of pride in seeing the way that mode has come along as uh really incredibly uh no derek gave you guys a ton of credit i mean he we spent probably three or four minutes when i interviewed him and he was saying how excited he was that his ex yammer or team basically backed him early on he came on the show and talked to us you know they broke 19 million dollar run rate last year just passed a 40 million dollar run rate the growth rate he has is incredible uh and it's an amazing tool i think it's uh it's an amazing way to do ad hoc analysis and real practitioners uh really understand and respect that why didn't you join mode instead of launching mozart uh well so so uh it was a very tough day for me both derek josh and ben the three co-founders walked into my one-on-one with derek and explained that we're not gonna have the one-on-one that they were leaving uh in in a handful of weeks to go start uh mode i said oh man what am i doing uh but i i actually really loved the challenges that i that i had at microsoft at the time and um and and spent my time uh on a number of different uh microsoft products uh got to touch billions of users have that larger company experience your options did pretty well i hear i don't know what you're telling about yeah okay all right mode's your favorite tool okay number four how many hours you sleep to eat every night um i'm a five or six hour person it's not because i'm like grinding the midnight oil as a startup founder but because i've always sort of been able to oddly exist off of five or six hours of sleep and what's your situation married single kids i recently got uh engaged my partner works across the street not in tech but as a news reporter so cool okay so any kids or no uh we have no kids and how old are you peter i am 41 41 last question something you wish you when you were 20. uh well there are many there are many things like i want to kind of like go back and like in like back to the future two style bet on every like subsequent super bowl or winning but you know in general i would say uh you know it's kind of okay the ups and downs of a career so sort of having kind of that perspective on sort of non-linear progress being a reality of of life and careers and you know it's not about sort of getting there kind of first or fastest but sort of enjoying the ride in a cliched way guys there you have it messy data to analysis already very quickly uh they launched call in 2020 they're called mccovet company about 15 000 bucks a month in revenue a year ago now 70 000 a month not reinventing the wheel here they charge on compute and number of rows 40 customers to date about a 6 million dollar seed round caught like a 30 to 40 maybe 50 million evaluation when they did that but team 22 today scaling quick 12 engineers five on the sales team scaling and nicely peter thank you for taking us to the top thanks so much one more thing before you go we have a brand new show every thursday at 1 pm central it's called shark tank for sas we call it deal or bust one founder comes on three hungry buyers they try and do a deal live and the founder shares back end dashboards their expenses their revenue arpu cac ltv you name it they share it and the buyers try and make a deal live it is fun to watch every thursday 1 pm central additionally remember these recorded founder interviews go live we release them here on youtube every day at 2 p.m central to make sure you don't miss any of that make sure you click the subscribe button below here on youtube the big red button and then click the little bell notification to make sure you get notifications when we do go live i wouldn't want you to miss breaking news in the sas world whether it's an acquisition a big fundraise a big sale a big profitability statement or something else i don't want you to miss it additionally if you want to take this conversation deeper and further we have by far the largest private slack community for b2b sas founders you want to get in there we've probably talked about your tool if you're running a company or your firm if you're investing you can go in there and quickly search and see what people are saying sign up for that at nathan lacka dot com forward slash slack in the meantime i'm hanging out with you here on youtube i'll be in the comments for the next 30 minutes feel free to let me know what you thought about this episode if you enjoyed it click the thumbs up we get a lot of haters that are mad at how aggressive i am on these shows but i do it so that we can all learn we have to counter those people we got to push them away click the thumbs up below to 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