Badri Malynur
- Co-Founder and VP of Sales at Avestor
GetLatka interview
How Avestor Hit $40K MRR Managing $60M in AUM With 100 Funds on Platform (Interview with Co-Founder Badri Malynur)
Badri Malynur (Co-Founder and VP of Sales of Avestor) spoke to Nathan Latka on August 29, 2023.
Avestor figures from the interview
- MRR (August 2023)
- $40K+
- Total AUM on Platform (August 2023)
- $60M
- Post-Money Valuation (2023)
- $8M+
- Active Funds (August 2023)
- 30
- Total Funds on Platform (August 2023)
- 100
“We have probably the lowest amounts of churn, less than 5% for a SaaS business. I'll tell you why. Once you've got 5% on what basis? What's that?”
“Less than 5% of the people have suspended their funds. They're not yet canceled it, they've just suspended it.”
“We are the only platform in the world which offers a customizable fund and a customizable fund is an evergreen fund. So what you don't, many people don't realize is each time you do a fund or each time you do a deal going through the private, the PPM process can be very expensive. Here you create one PPM and you can add new deals within minutes.”
Bio
Badri Malynur is a Cofounder and VP at Avestor Inc. (avestorinc.com) a technology platform focused on an end-to-end solution for sponsors to build customizable private funds.. Badri has extensive investment experience spanning a large variety of assets including real estate, stocks, bonds, crypto currencies, commodities, options and angel investing. He has co-founded two start-ups and has extensive management experience leading large teams at a Fortune 500 company. He has an MBA in Marketing & Finance and a Masters in Computer Science.