At the end of 2019, I had published Cloud Stocks: Top 20 for 2020 with a summary of which SaaS companies are succeeding on the basis of a strong PaaS strategy, AI, and robust developer ecosystems. I now want to focus on how the PaaS landscape is evolving: who are the established giants, the top mature players, the promising players, and the potentials.
Cloud Stocks are doing exceptionally well through the pandemic. If you’re wondering which ones are likely to go further, please pay attention to their PaaS strategies. PaaS creates exit barriers, deep moats, excellent pipelines for new products, acquisition prospects, and overall multipliers that strong SaaS companies should all consider. Over time, I expect hundreds of PaaS eco-systems to develop, each spawning a thousand smaller companies.>>>
In a world economy devastated by Covid, threatened by climate change, ravaged by simultaneous natural disasters like tropical cyclone Amphan, the need for philanthropy has never been higher.
This is also a world in which at least a quarter million people have a net worth above $25 million. At least 50,000 people have a net worth above $100 million.
Entrepreneurs are invited to the 498th FREE online 1Mby1M mentoring roundtable on Thursday, August 13, 2020, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/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 to “attend” to watch, learn, and interact through the online chat.
You can learn more here and register to pitch or attend here. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
Sramana Mitra: What do you charge the retailers for this facility?
Brad Paterson: It depends. Cash flow is king, especially today. The pricing starts from 3% for three installments. If the retailer wants to offer 6 or 12 installments, then that pricing increases.
Sramana Mitra: You are basically factoring the retailers’ installment payments?>>>
Recently Google (NASDAQ: GOOG) announced its second quarter results that surpassed market expectations. However, the COVID crisis is hitting Google as well. Advertising revenues fell and Google reported its first revenue decline in over a decade.>>>
Sramana Mitra: How did you reach those people?
Mareza Larizadeh: Andy and Mark served on my board for a few years. I met them at Stanford business school.
Sramana Mitra: They were teachers?
Mareza Larizadeh: They were lecturers there.>>>
Brad discusses FinTech in the context of high ticket e-commerce.
Sramana Mitra: Let’s introduce our audience to you as well as Splitit.
Brad Paterson: We are a global installment payment company. We are the only installment payment company that allows consumers with a credit card to split a payment into installments and pay over time. We allow you to use your credit versus obtaining a new credit.>>>
Covid has come as a nightmare for many entrepreneurs. Here’s a story of one in New York, coping with the perfect storm of being in the epicenter of the pandemic and in the hospitality business, the worst hit sector of the economy.
Sramana Mitra: Let’s start from the very beginning of your journey. Where are you from? Where were you born? What kind of background did you have?>>>