Ryan Sevey. He’s the CEO of Nexosis, an artificial intelligence and machine learning startup focused exclusively on developers.

Famous Five:

Favorite Book? – The Hard Thing About Hard Things
What CEO do you follow? – Elon Musk
Favorite online tool? — Aha!
How many hours of sleep do you get?— 4
If you could let your 20-year old self, know one thing, what would it be? – “Learn how to be true to yourself”

Time Stamped Show Notes:

01:25 – Nathan introduces Ryan to the show
01:55 – Nexosis was launched in 2015
- 01:59 – Nexosis offers a solution that big retailers are forecasting
02:24 – Nexosis has 300 developers who use their APIs
02:56 – Nexosis has developers from the retail space who have their point-of-sale data
- 03:11 – Nexosis will take the developers data and give out a result
- 04:13 – This result can help in the decision making for the future
04:34 – Nexosis gets people to be more proactive than reactive
04:52 – Nexosis found out how companies are using their historical data
05:14 – Nexosis adds more features to training
05:23 – Nexosis’s add-on layers
05:41 – With sentiment analysis, one good example is Wendy’s Twitter account
- 06:00 – You can use the number of tweets as a numerical value that can go back to your data
06:39 – One huge case involves a Wendy’s beside a convention center; Nexosis can predict future revenues
06:51 – Nexosis can predict future revenues and can understand the real impact of an event
07:23 – Nexosis focuses on the developer ecosystem
07:38 – Nexosis charges .10₵ per 1000 predictions
08:17 – Nexosis makes money once the developer talks to the enterprise and shows the API
08:43 – Nexosis charges the developers by consumption
09:24 – Average pay per customer depends on the data that they have which usually starts at $10K
09:42 – Nexosis was founded in 2015
09:53 – Ryan and his co-founder have been looking at machine learning since 2012
10:09 – Nexosis was originally considered an information security company
10:21 – Team size is 15 and they’re based in Ohio
10:38 – Nexosis has millions of API calls per month but their focus is on the number of developers
11:30 – Ryan’s vision is for developers to enjoy Nexosis, be it as a hobby or use in a professional way
11:55 – Nexosis is currently serving 100 different enterprise type of developers
12:26 – What Ryan sees is when a developer signs up, he’ll make 1-2 projects then invite his friend to try Nexosis
12:57 – Most of the developers are already in a company
13:10 – MRR
13:20 – Nexosis has raised a little less than $7M
13:39 – The long term goal for Nexosis is to raise more
13:56 – Twilio has survived their early days with VC funding
14:26 – Nexosis measures expansion rate rather than the churn
15:37 – Nexosis aims for 100% month over month growth and at the moment, they’re hitting it
16:30 – Consumption in terms of the number of predictions is over a million
17:55 – The Famous Five

3 Key Points:

There are companies who rely mostly on raising funds to scale.
Knowing the data for your FUTURE can help in your decision making TODAY.
No matter what—be true to yourself!

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
Klipfolio – Track your business performance across all departments for FREE
Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
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

Show Notes provided by Mallard Creatives

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