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Anant Kale, cofounder of AppZen. Anant had a job that paid him $200000 a year when he decided to go off on his own and start a business. Hear the success story of his artificial intelligence software which has \u201ctransformed the back office\u201d for companies everywhere.

Famous Five:

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• Favorite Book? \u2013 Who Says Elephants Can\u2019t Dance
• What CEO do you follow? \u2014 Elon Musk
• Favourite online tool? \u2014 Rapportive and Calendly

• Do you get 8 hours of sleep?\u2014No
• If you could let your 20 year old self know one thing, what would it be? \u2014 Start a business earlier than you think you should.

Time Stamped Show Notes:

• 01:25 \u2013 Nathan introduces Anant Kale
• 01:55 \u2013 AppZen uses artificial intelligence software in offices
• 02:45 \u2013 It detects information on employees and statistics automatically
• 03:30 \u2013 Founded in 2013
• 04:00 \u2013 2015 revenue was just under $1 million
• 04:45 \u2013 They have 22 customers
• 05:00 \u2013 Average contract price is $150000
• 05:20 \u2013 Capital raised is $14 million
• 06:10 \u2013 14 people on the team
• 06:40 \u2013 No churn so far
• 07:15 \u2013 Average customer acquisition cost is very low
• 08:15 \u2013 Too early for lifetime value
• 09:05 \u2013 Evaluation for the company
• 10:15 \u2013 Goal is to double revenue in 2016
• 13:00 \u2013 Anant is a cofounder
• 13:50 \u2013 The company was split according to responsibilities and contributions
• 14:40 \u2013 He always wanted to really build a company on his own
• 16:00 -- The Famous Five

3 Key Points:

• Don\u2019t put off starting your own business.
• A large salary doesn\u2019t mean that you will be satisfied with your job.
• If you have an entrepreneurial spirit, follow that desire.

Resources Mentioned:

• Freshbooks \u2013 The online tool Nathan uses to keep track of receipts
• Hostgator \u2013 The program Nathan uses for his website
• Rapportive and Calendly \u2013 Anant\u2019s favorite online tools

• Show Notes provided by Mallard Creatives

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