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Ryan Sevey. He\\u2019s the CEO of Nexosis, an artificial intelligence and machine learning startup focused exclusively on developers.

Famous Five:

• Favorite Book? \\u2013 The Hard Thing About Hard Things
• What CEO do you follow? \\u2013 Elon Musk
• Favorite online tool? \\u2014 Aha!
• How many hours of sleep do you get?\\u2014 4
• If you could let your 20-year old self, know one thing, what would it be? \\u2013 \\u201cLearn how to be true to yourself\\u201d

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Time Stamped Show Notes:

• 01:25 \\u2013 Nathan introduces Ryan to the show
• 01:55 \\u2013 Nexosis was launched in 2015
  • 01:59 \\u2013 Nexosis offers a solution that big retailers are forecasting
• 02:24 \\u2013 Nexosis has 300 developers who use their APIs
• 02:56 \\u2013 Nexosis has developers from the retail space who have their point-of-sale data
  • 03:11 \\u2013 Nexosis will take the developers data and give out a result
  • 04:13 \\u2013 This result can help in the decision making for the future
• 04:34 \\u2013 Nexosis gets people to be more proactive than reactive
• 04:52 \\u2013 Nexosis found out how companies are using their historical data
• 05:14 \\u2013 Nexosis adds more features to training
• 05:23 \\u2013 Nexosis\\u2019s add-on layers
• 05:41 \\u2013 With sentiment analysis, one good example is Wendy\\u2019s Twitter account
  • 06:00 \\u2013 You can use the number of tweets as a numerical value that can go back to your data
• 06:39 \\u2013 One huge case involves a Wendy\\u2019s beside a convention center; Nexosis can predict future revenues
• 06:51 \\u2013 Nexosis can predict future revenues and can understand the real impact of an event
• 07:23 \\u2013 Nexosis focuses on the developer ecosystem
• 07:38 \\u2013 Nexosis charges .10\\u20b5 per 1000 predictions
• 08:17 \\u2013 Nexosis makes money once the developer talks to the enterprise and shows the API
• 08:43 \\u2013 Nexosis charges the developers by consumption
• 09:24 \\u2013 Average pay per customer depends on the data that they have which usually starts at $10K
• 09:42 \\u2013 Nexosis was founded in 2015
• 09:53 \\u2013 Ryan and his co-founder have been looking at machine learning since 2012
• 10:09 \\u2013 Nexosis was originally considered an information security company
• 10:21 \\u2013 Team size is 15 and they\\u2019re based in Ohio
• 10:38 \\u2013 Nexosis has millions of API calls per month but their focus is on the number of developers
• 11:30 \\u2013 Ryan\\u2019s vision is for developers to enjoy Nexosis, be it as a hobby or use in a professional way
• 11:55 \\u2013 Nexosis is currently serving 100 different enterprise type of developers
• 12:26 \\u2013 What Ryan sees is when a developer signs up, he\\u2019ll make 1-2 projects then invite his friend to try Nexosis
• 12:57 \\u2013 Most of the developers are already in a company
• 13:10 \\u2013 MRR
• 13:20 \\u2013 Nexosis has raised a little less than $7M
• 13:39 \\u2013 The long term goal for Nexosis is to raise more
• 13:56 \\u2013 Twilio has survived their early days with VC funding
• 14:26 \\u2013 Nexosis measures expansion rate rather than the churn
• 15:37 \\u2013 Nexosis aims for 100% month over month growth and at the moment, they\\u2019re hitting it
• 16:30 \\u2013 Consumption in terms of the number of predictions is over a million
• 17:55 \\u2013 The Famous Five

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3 Key Points:

1. There are companies who rely mostly on raising funds to scale.
2. Knowing the data for your FUTURE can help in your decision making TODAY.
3. No matter what\\u2014be true to yourself!

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Resources Mentioned:

• The Top Inbox \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
• Klipfolio \\u2013 Track your business performance across all departments for FREE
• Hotjar \\u2013 Nathan uses Hotjar to track what you\\u2019re 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 \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
• Host Gator\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
• Audible\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books

Show Notes provided by Mallard Creatives