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Founder conversationLeader $5m+

How We Bootstrapped to $5m in 5 years

... leveraging partners

Pavel Doležal · Keboola

Published September 1, 2022
About this resource

Pavel Doležal, CEO of Keboola shares:

- Learning how to diversity financial instruments as a founder

- Why they paid for overexposure

- How they built an End-to-end data platform as a service

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What you’ll learn

Pavel Dolezal shares Keboola’s approach to growing a data platform: plan beyond the immediate horizon, invest in partners and community, treat financing as a tool, and keep changing with the market.

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Key moments

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Plan beyond the next year

“need to use to process data into snowflake and out of snowflake and it only starts with getting data in so what we did we actually oh by the way see g2 you know we have the stars on g2 as well we love g2 right so what we did we actually you know like put it all together into end-to-end platform so you don't have to have you know 20 different tools you have one login you can get data in you can get all the connectors we have the biggest marketplace in in our space we have 1400 applications in our marketplace developed by 400”

Build partner ecosystems

“agency and just like start a machine well it didn't cost anything on amazon right so like well this is the great time to actually build a sas company without you know like giving too much equity away in the beginning we can achieve product market fit without you know actually getting the vc money so that's what we did and we started to scale we started to scale first couple of years by referrals you know people started to use us they started to grow their own companies right and then some of them are now now now unicorns like”

Invest in community

“and another learning that we made is kind of like when you go to enterprise features or you want to develop new features and you are bootstrapped you don't have to pay for it that's a big learning you know there's a lot of customers who are willing to pay for it if you go you ask them you work with your customers and they say like well like our data signs up right like we went to we are working for esteban this is our you know screen form product board and what i highlighted is all the features actually attribute them to to a”

Use finance deliberately

“how are we doing now well during covet pandemic and that was where the dip comes we made two decisions we made a decision to actually open up quebec as a freemium to actually enable product load growth and second decision we made decision to go to enterprise because that's where you know all the money kind of like for us was in the beginning and they pay us a lot of money and they need us it's somehow country country intuitive i can talk about it a little more but this is”

Keep changing

“have okay so now what happened right well we were overexposed so remember that graph that nate is showing kind of like your exposure and you know exposure to several clients that what that that's what happened to us so first we were overexposed during the covet into hospitality and retail industry in u.s so our clients were just going bankrupt right we had a client who was who was”

End-to-end data platform

“(not requiring 10 different tools) Low maintenance, e.g. not requiring a FT guy to manage it End-to-end data platform as a service Data Science One click Jupyter notebooks Populated with always fresh data so models continually learn ML flow build in One click to get models to pipelines Automations Easy to implement and configure workflows, CLI, API to no-code Templated solutions End-end-ETL Over 400 connectors & reverse ETL writers, if not available easy to get one build Affordable for our all SaaS companies Comes with Snowflake management”

Client dataflow outcomes

“Enabling 10x more people and use cases while saving over 50% on wages We enable our clients to grow their dataflows, without unnecessarily scaling their “phd” head count. Central data team - #15 core dataflows WE TURN COMPANIES INTO LIVING ORGANISMS… Unlocking new revenue streams & increasing profit - MallGroup, Rohlik, Kofola, Erste, Shipmonk From Augmented Customer 360 to automation of customer profile in support desk Biz & partners - #20 dataflows Biz - #400 dataflows (workload 1500) ALL NEW USE CASES UNLOCKED WITH KEBOOLA”

Cashflow to partners

“Cashflow to partners It feels counterintuitive at first, but it is the only way to scale Keboola revenue Partner revenue Year 1 0.7 4 Year 2 1 3 Year 3 1.2 3”

Diversifying financial instruments

“Learn to Diversify Financial Instruments Cash is the king, but… Pre-paid CashAllows you to predict and hire Short term debtCovers unexpected Saas subscriptionsAllows you to treat monthly as prepaid yearly FFF later stageBring your best customer on board Venture debtAllows you to double down without losing equity Venture financingGreat for scaling, especially enterprise sales cycles SubsidiesEU want to support tech. Non dilutive financing ICOThe world is changing rapidly. Explore alternatives ???We are still learning. Would love to learn what works for you”

Cost of overexposure

“We Paid For Overexposure Focusing on one industry has potential downsides”

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Resource files

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  • Diversify Financial Instruments (Slide 11)

  • How We Bootstrapped to $5m in 5 years - Slide Deck

About the speaker
Pavel Doležal

Pavel Doležal

Partner · Keboola

Pavel Doležal is a Czech entrepreneur and serves as CEO of Keboola. He is an emerging leader in agile data management and cloud transformation. He has been building companies since 1999, starting with the largest portal network, Atlas Portal. At his position at Keboola he's responsible for global business development and marketing.

Company revenue
$5.9M
Team size
200

Slide text

Find a passage in the slides and open the original deck.

10 passages

Keboola bootstrapping context

  1. March 2022 March 2022 | Pavel Doležal, CEO of Keboola Pavel Doležal CEO of Keboola How We Bootstrapped to $5m in 5 Years

Keboola’s data platform

  1. (not requiring 10 different tools) Low maintenance, e.g. not requiring a FT guy to manage it End-to-end data platform as a service Data Science One click Jupyter notebooks Populated with always fresh data so models continually learn ML flow build in One click to get models to pipelines Automations Easy to implement and configure workflows, CLI, API to no-code Templated solutions End-end-ETL Over 400 connectors & reverse ETL writers, if not available easy to get one build Affordable for our all SaaS companies Comes with Snowflake management

Client outcomes

  1. Enabling 10x more people and use cases while saving over 50% on wages We enable our clients to grow their dataflows, without unnecessarily scaling their “phd” head count. Central data team - #15 core dataflows WE TURN COMPANIES INTO LIVING ORGANISMS… Unlocking new revenue streams & increasing profit - MallGroup, Rohlik, Kofola, Erste, Shipmonk From Augmented Customer 360 to automation of customer profile in support desk Biz & partners - #20 dataflows Biz - #400 dataflows (workload 1500) ALL NEW USE CASES UNLOCKED WITH KEBOOLA

Revenue-growth history

  1. Keboola Revenue Growth 2008 2012 2014 2019 2020 2021 2022 Cloud migrations Internal tools Product Referrals First sales team Our customers grow Covid Covid PAYG Inside Sales Scale!

Partner cashflow

  1. Cashflow to partners It feels counterintuitive at first, but it is the only way to scale Keboola revenue Partner revenue Year 1 0.7 4 Year 2 1 3 Year 3 1.2 3

  2. Customer Co-Funded Features DataBricks & MLFlow Templates Azure

  3. “Four people applied for job. Four had the same condition - you need to bring Keboola in”

Financial instruments

  1. Learn to Diversify Financial Instruments Cash is the king, but… Pre-paid CashAllows you to predict and hire Short term debtCovers unexpected Saas subscriptionsAllows you to treat monthly as prepaid yearly FFF later stageBring your best customer on board Venture debtAllows you to double down without losing equity Venture financingGreat for scaling, especially enterprise sales cycles SubsidiesEU want to support tech. Non dilutive financing ICOThe world is changing rapidly. Explore alternatives ???We are still learning. Would love to learn what works for you

Industry concentration risk

  1. We Paid For Overexposure Focusing on one industry has potential downsides

  2. March 2022 | Pavel Doležal, CEO of Keboola Pavel Doležal CEO of Keboola