>> WELCOME BACK TO CHEDDAR
NEWS, EVERYONE CLICK UP IS ON A
MISSION TO MAKE THE WORLD MORE
PRODUCTIVE THROUGH ITS ALL IN
ONE WORKPLACE PRODUCTIVITY
PLATFORM, AND THE START OF THE
JUST CRAZY SIGNIFICANT A LOT OF
CAPITAL TO HELP
THE CAUSE LOOK UP AND DOWN
SEEING THIS WEEK IT'S RACE
400 MILLION DOLLARS IN A SERIES
C ROUND ELEVATING ITS VALUATION
OF 4 BILLION DOLLARS IN
THE PROCESS. IT IS AN
ADVERTISER OF CHEDDAR NEWS
JOINING ME NOW IS PICKUPS
FOUNDER AND CEO SAID EVANS AS
DEAD, THANKS SO MUCH FOR COMING
ON THE SHOW. WHAT PROBLEM IS
YOUR COMPANY TRYING TO SOLVE IN
THE WORKPLACE.
>> YEAH, THE BIGGEST PROBLEM
WE'RE SOLVING IS A VERY
FRAGMENTED SYSTEM
OF SAW WHERE AND THE WORKPLACE
ENVIRONMENT, SO MOST COMPANIES
USE AN AVERAGE OF 6 OR 7
DIFFERENT PIECES OF SOFTWARE IN
ORDER TO GET
WORK DONE. SO YOU CAN IMAGINE
MANAGING YOUR PROJECTS THINGS
LIKE VIDEO CHAT THEY'RE ALL
SEPARATE PLACES AND OUR MISSION
IS TO MAKE PEOPLE MORE
PRODUCTIVE AND PUT ALL OF THOSE
INTO ONE PLATFORM BY DOING
THAT.
>> DOES IT DIFFER FROM OTHER
OPTIONS OUT THERE.
>> YES, SO WE COMPETED IN
SEVERAL DIFFERENT YOU LOOK AT
THE PRODUCTIVITY SPACE AGAIN
YOU I WAS SEGMENTS LIKE PROJECT
MANAGEMENT SOFTWARE CHAT TEAM
COMMUNICATION GOLD TRACKING
TRADITIONALLY EACH IS OF OF
THOSE PIECES
OF SOFTWARE THERE ARE SEPARATE
PRODUCT, OURS IS AN ALL IN ONE
PRODUCT AND SO YOU BENEFIT FROM
THE TIME THE FISH AND SEA SAVE
WITHOUT HAVING TO SWITCH
BETWEEN SUPPER BUT THERE'S ALSO
AN EFFICIENCY IN TIME AND JUST
HAVING EVERYONE IN THE SAME
PLATFORM AT THE SAME TIME.
>> HOW YOU DO HAVE SOME BIG
CLIENTS CLEAR WHAT YOU WORK
WITH CUSTOMERS IF YOU WILL A
SUMMIT DONALD'S ON THEIR PAPA
JOHN'S NETFLIX AMONG OTHERS I'M
SURE THIS PANDEMIC HAS BEEN A
BOON FOR BUSINESS AND COMPANIES
AND EMPLOYEES WANTING TO BE
MORE PRODUCTIVE HAVE YOU BEEN
ABLE TO CAPITALIZE ON THAT.
>> YEAH WE'VE BEEN VERY
FORTUNATE TO
HELP BUSINESSES AND TEAMS
DURING THE PANDEMIC STAY MORE
CONNECTED AND STILL FEEL LIKE
THAT THEY'RE MAKING PROGRESS
AND BEING EVEN MORE PRODUCTIVE
THAN THEY WERE PRIOR TO THE
PANDEMIC WHEN WHEN THEY'RE
IN PERCENT. SO OUR SOFTWARE
ENABLES PEOPLE TO WORK TOGETHER
REGARDLESS OF IF THERE IN
PERSON OR IF IF THE REMOTE,
YOU KNOW, I THINK EVEN WHEN
PEOPLE START GETTING BACK INTO
THE OFFICE
WHEN YOU'RE COMMUNICATE WITH
PEOPLE YOU DON'T GET UP FROM
YOUR DESK EVERY SINGLE TIME TO
GO COMMUNICATE WITH THAT YOU'RE
STILL GOING TO USE PRODUCTS
LIKE OURS PRODUCTS LIKE IN
ORDER TO GET WORK DONE AND IT'S
JUST A
MORE EFFICIENT.
>> OKAY SO YOUR COMPANY RAISING
400 MILLION DOLLARS IN A SERIES
C
ROUND CONGRATULATIONS. THAT'S A
LOT OF MONEY AS DEB WHAT ARE
YOU GOING TO DO TO REINVEST
THAT AND GROW THE COMPANY.
>> YEAH, A LARGE PORTION OF IT
IS GOING TO
CONTINUE EXPANDING OUR GLOBAL
FOR FOOTPRINT ACROSS THE WORLD
WHO ARE OPENING SEVERAL NEW
OFFICES OUTSIDE THE UNITED
STATES TODAY, 40% OF OUR
BUSINESS IS OUTSIDE OF THE
UNITED STATES AND SO WE'LL
CONTINUE SEEING
EXPAND ON THE FLIP SIDE OF THAT
WE'RE ALSO EXPANDING AND
ACCELERATING OUR PRODUCT
DEVELOPMENT. IT IS A DAUNTING
CHALLENGE DEVELOPING 15 OR SO
PRODUCTS AND
WE'VE I'M A LONG WAY, BUT WE
HAVE A LONG WAY TO GO AND SO
WE'LL CONTINUE INVESTING AND
OUR ARCHITECTURE AN ORDER TO
GET THAT.
>> 4 BILLION DOLLAR VALUATION
UNICORN
4 TIMES OVER WHAT'S THE
LONG-TERM STRATEGY HERE IS THAT
DO WANT TO TAKE HIS COMPANY
PUBLIC EVENTUALLY.
>> YEAH ABSOLUTELY IPO IS IS
OUR DESTINATION. AND WE'RE ON
THE ROAD TO
GET THERE.
>> OK WHEN I THINK THAT'S A BIG
QUESTION YOUR 4 BILLION DOLLAR
COMPANY NOW WHEN THAT MIGHT
THAT IPO HAPPEN.
>> YEAH, I THINK A REALISTIC
TIME FRAME IS 2 OR 3 YEARS
COURSE WE HAVE TO TIME THIS
RIGHT WITH WITH MARKET
CONDITIONS AND
EVERYTHING CHANGES AS AS OF NOW
WE THINK 2 OR 3 YEARS AND WE DO
WE DO THINK THAT THIS RACE GETS
IT DONE FOR US TO WHERE WE CAN
WE CAN GO PUBLIC NEXT WITHOUT
HAVING TO RAISE AGAIN