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Are you struggling to understand your company's financial data? On today's podcast episode, I talk with Rami Essaid about his experience founding and growing several tech companies. Rami is the CEO and co-founder of Finmark, which provides financial planning software for fast-growing companies. He has also founded two other startups, both of which were acquired. Rami is passionate about disrupting industries with technological innovations – from bot detection and mitigation to Excel-based financial modeling. He founded Finmark based on seeing first-hand the many difficulties faced by companies attempting to implement financial modeling. On this episode, Rami and I discuss tips for treating team members well and how to talk to your customers to identify issues with your product or service. “I don't want to build a ‘me too' product. I want to create an order of magnitude improvement.” – Rami Essaid Today on the Tech Leader Talk podcast: - Rami's approach to disrupting industries - Helping entrepreneurs bring their visions to life - Creating a second tier of management to support scalability - Problems companies face today with their financial data - The value of user interviews Connect with Rami Essaid: Website: https://finmark.com Twitter: https://twitter.com/ramiessaid Thanks for listening! Be sure to get your free copy of Steve's latest book, Cracking the Patent Code, and discover his proven system for identifying and protecting your most valuable inventions. Get the book at https://stevesponseller.com/book.
Happy 4th of July folks! Today's podcast features Rami Essaid, founder of Finmark. Rami had a goal of helping founders have a better sense of what their company's future financial picture looks like. Finmark integrates with your accounting software and CRMs to give a better understanding of current expenses and allows for accurate forecasts of growth. Rami details pitching 120 investors before getting Finmark's first check and eventually raising a seed round with Bessemer Venture Partners and Draper Associates. We also hear about early entrepreneurship tales like selling shoe polish as a kid and creating a startup with friends. If you're a founder tired of managing your financial projections with spreadsheets, sign up for Finmark. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Rami talks about how a financial modeling mistake in his last company cost him millions and lead to the idea to make financial modeling easier and more reliable for startups. About Rami Essaid Rami Essaid is the founder and CEO of Finmark, a YC-backed startup that aims to make financial modeling easy for startups. He was previously Founder and CEO of security startup Distil Networks that he later sold to Imperva Networks. He has an innate passion for startups and helping entrepreneurs bring their own visions to life. Rami is driven by his mission of disrupting industries with technological innovations, from bot detection and mitigation to Excel-based financial modeling. EDGE's Weekly NewsletterJoin over 17,000 others and sign up to receive bonus content. It's free sign up here >>> EPISODE LINKS: Finmark PODCAST INFO: Apple Podcasts: EDGE on Apple Podcasts Spotify: EDGE on Spotify RSS Feed: EDGE's RSS Feed Website: EDGE Podcast SUPPORT & CONNECT EDGE's Weekly NewsletterJoin over 17,000 others and sign up to receive bonus content. It's free sign up here >>> Please Support this Podcast by checking out our Sponsors: Mad River Botanicals 100% certified organic CBD products. The product is controlled from seed to end product by it's owners. Use code: EDGE22 to get 10% off all your orders. Shop here>>> A top podcast for entrepreneurs!
In our 25th episode, Olivier L'Abbé, President at Metadata, talks category creation with two B2B leaders from the financial modeling and digital adoption categories. Panelists for this episode include Rami Essaid, CEO of Finmark and leader behind the financial modeling and planning category, and Melanie Fellay, CEO of Spekit and leader behind the digital adoption and enablement category. You'll walk away from this episode with an understanding of leadership hiring, customer reviews, and keyword research. BONUS! Melanie explains the steps involved in developing a differentiation strategy for category creation.
Rami Essaid, CEO at Finmark, venture partner at Pioneer Fund and partner at IDEA fund partners and previously the founder of Distil Networks that was acquired for over $100million tells the story of Distil Networks. Absolutely insane similarities between the story of Distil Networks and Silicon Valley show, great advice from Rami to early stage founders and much more in this episode. Rami's LinkedIn: https://www.linkedin.com/in/ramiessaid/ Pioneer Fund: https://www.pioneerfund.vc/ IDEA fund partners: https://www.ideafundpartners.com/ For those who need to build a financial model for their startup, Finmark: https://finmark.com/ sxsw pitch competition we discussed in the first episode: https://www.startupofyear.com/
This educational episode is about constructing financial models on early stages - what exactly do you need to have, what do your investors expect to see on the pitch deck and what are the major mistakes that founders make while constructing financial models? All this is discussed in this short educational episode with Rami Essaid from Finmark. If you are one of those who need to get a decent financial model for your startup, here is the link to Finmark: https://finmark.com
Essaid provides tips on how to iteratively grow a startup by focusing on customers, growth, prioritization, and cadencePEOPLEGuest: Rami Essaid, CEO, FinmarkHost: Anil Hemrajani, Founder of Startup SidekickTAKEAWAYSTry to break down your steps into as small time increments as possible. A lot of people think annual and quarterly, then realize they have missed the mark. Break it down into monthly and weekly -- that’ll let you get feedback more quickly to avoid big course corrections. Nothing you dream up will hit the mark the first time; the less distance you have to go to adjust, the better. Make sure you have a solid team you’re working with. Early on, it’s all about the core team. It helped us accomplish things at a much faster rate.NOTES01:15 – Can you provide us an overview of Finmark? Finmark is financial modeling software for startups; we want to make it really easy for companies to manage their runway, hiring cash, understanding unit economics...just like Carta moved cap tables out of Excel -- we want to do the same for financial modeling. Most people outsource financial modeling and eventually they bring it in-house by hiring someone but even though it’s very easy to make mistakes. We made a painful mistake at Distil Networks when we thought we had more money coming in -- because of that mistake, we had to lay off 57 people. After selling Distil, I realized the problem still existed, so I decided to fix it.03:00 - So, how do you go about building a startup, one step a time? Essentially, you build something a small amount of people love, then iterate quickly. Start with the big picture, then boil it down to as small of a piece as you can cut off, then get going on it. Think of SpaceX, their mission is to get to Mars but they started with satellites, now they are carrying people to the space station and eventually will get to Mars. At Finmark, we spent two months building the MVP to get the product into the hands of people. Then we iterated on a monthly cadence since then, with milestones then measure and iterate.04:10 - Did you interview other startups before or after building the MVP? Yes, I wanted to have conviction in my head that this was as big of a problem as I thought it was. Before the MVP, I spent two months interviewing founders and investors. I spent a lot of time talking to founders of small and growth companies, CFOs, and investors, to get their perspective on this problem, before bringing a team of people in.05:05 - After raising money, how do you resist the push from investors to scale quickly? Depends on your measure of success. I set expectations with investors that early on we won’t make a lot of money since I’m focused on user growth. As a YC Alum, we’re indoctrinated with startup=growth, so you do want to create a North Star KPI/metric -- for us, that’s user adoption, not revenues, so that helps investors think of scale in a slightly different way.06:08 - What should founders focus on, very early on (e.g. MVP, growth)? The nice thing about focusing on growth as the North Star, it unlocks certain behavior that ties back into the customer’s problem. If the growth isn’t there, then your product might not be meeting customer’s demands or it’s not a big market. You could build a product just for a big market or build a great product for a small set of customers but then you don’t have a great opportunity. Using growth metric as your guiding star, you optimize for that and you solve all the other issues along the way.07:40 - How do you get started from ground zero? First step is to believe in the product then build a vision and thesis around it -- that’s when the customer interv
Finmark, a member of Summer 2020 Y Combinator cohort, is not your typical YC startup. In fact company co-founder Rami Essaid has already built Distil, a security startup and saw it through to exit when he sold the company to Imperva last year. As he pondered what to do next, he took a quick turn […]
Rami Essaid started Distil Networks in 2011 and after a navigating through a very turbulent start, they started seeing 3x growth. Rami covers the journey of bringing a company full circle - from idea and initiation to hiring for growth mindset, and selling with a successful outcome in 2019. Recorded May 7, 2020
On this episode of the Somewhat podcast, Frank Gruber and co-host John Guidos talk about their quest for better health and longevity. Frank and John discuss some of the thing happening in his network as well his recent readings and upcoming events. The discussion was loosely based on the latest newsletter which is shared below. Celebrating (People In My Network) —Katie Stanton for launching Moxie Ventures a $25M Fund to invest in startups. —Trey Bowles launches InnoCity Partners a boutique consulting firm focused on smart city programs. —Rami Essaid has raised $2M in funding for his next company. —Shama Hyder has raised $5M in funding for their restaurant POS startup OneDine. —Laurie Segall has been named a correspondent for the new 60 Minutes Quibi program 60 IN 6. —Finally, next weekend I’ll be celebrating the life of my stepdad, who recently passed away. I’ll miss him greatly. You’re Invited I’ll be headed back to Austin, Texas in March for South by Southwest (SXSW) for the 12th year in a row and we’ll be hosting a number of events at our house for the 10th year in a row at the Established House of Startups and Innovations on Saturday, March 14, 2020. If you’re looking to do something special for your company at SXSW, we still have some opportunities to get involved as sponsors or with some unique customized experiences. I invite you to join me at our events – RSVP. Reading Mindfulness is becoming more mainstream and could be just what people need. —Can Mindfulness Evolve From Wellness Pursuit to Medical Treatment? How AIM was the original social network. —AIM was the killer app of 1997. It’s still shaping the internet today Confirmed. Working out makes you healthier. —The Workout Drug Finally, this internet thing might catch on. —Gary Larson might be the longest internet holdout in history, god love him Fasting slows death. —Eating in a 6-hour window and fasting for 18 hours might help you live longer Scooters are everywhere but cities are not ready. —I rode an electric scooter from every company operating in LA, and saw exactly why American cities aren’t ready for them Evidence of what can happen in a decade. —A Decade of Urban Transformation Seen From Above Vegas connected by a tunnel? —Elon Musk says Boring Co’s Vegas tunnel will ‘hopefully’ be operational in 2020 Dogs are more than just our best friends. —Dogs experience pain in a uniquely human way, study reports One more thing about dogs. —Dogs poop in alignment with Earth’s magnetic field, study finds And humans are trying to innovate so you don’t go as long. —The corporate poo patrol is coming after your precious toilet time There’s now an app for coronavirus. —This app has all the up-to-date information you need to know about the Wuhan coronavirus Reading I just wrapped up reading the book Ninety Percent Mental by Bob Tewksbury a former All-Star MLB pitcher for the Chicago Cubs, St Louis Cardinals, Boston Red Sox, and currently a mental coach for the Chicago Cubs. The lessons in the book can be applied to baseball, business, and everyday life. Oh, and there are only 9 days until pitchers and catchers report to Spring Training, not that I was counting. Watching I just finished up Mr. Robot’s final season and it’s a good one. It really makes you think and now I feel like I have to go back and rewatch the whole series to understand it better. Listening I’m enjoying the new album Circles by the late Mac Miller. You might like the podcast interviews I did with Steve Case, Mark Cuban, and Tim Draper regarding “what they look for in a startup they invest in.” Additionally, I really enjoyed talking with Sarah Kunst, a venture capitalist who just raised a fund for her firm Cleo Capital, in the recent podcast. Get updates like this right in your inbox before they hit the web by subscribing to the newsletter here.
It's the Republicans turn to be hacked. Kubernetes had a bad week. So did Quora. It happens. We talk to Rami Essaid from Distil Networks on his battle with bots in our feature interview.
Founder of Distil Networks, Rami Essaid is a passionate entrepreneur who has been building companies for over a decade. Disrupting industries with technological innovations is a personal mission. He joins Paul and Doug White this week for our feature interview! Full Show Notes: https://wiki.securityweekly.com/ES_Episode83 Visit https://www.securityweekly.com/esw for all the latest episodes!
This week, Rami Essaid, Founder of Distil Networks joins us for an interview! In the news, we have updates from CyberArk, Tenable, Fortinet, & Rapid7! Our very own Michael Santarcangelo is joined by Matt Alderman on this episode of Enterprise Security Weekly! Full Show Notes: https://wiki.securityweekly.com/ES_Episode83 Visit https://www.securityweekly.com/esw for all the latest episodes!
Founder of Distil Networks, Rami Essaid is a passionate entrepreneur who has been building companies for over a decade. Disrupting industries with technological innovations is a personal mission. He joins Paul and Doug White this week for our feature interview! Full Show Notes: https://wiki.securityweekly.com/ES_Episode83 Visit https://www.securityweekly.com/esw for all the latest episodes!
This week, Rami Essaid, Founder of Distil Networks joins us for an interview! In the news, we have updates from CyberArk, Tenable, Fortinet, & Rapid7! Our very own Michael Santarcangelo is joined by Matt Alderman on this episode of Enterprise Security Weekly! Full Show Notes: https://wiki.securityweekly.com/ES_Episode83 Visit https://www.securityweekly.com/esw for all the latest episodes!
Rami Essaid is the CEO and Co-Founder of Distil Networks. With over 15 years of experience in telecommunications, network security, and cloud infrastructure management, Rami advises enterprise companies around the world, focusing on embracing the cloud to improve scalability and reliability. Full Show Notes: http://wiki.securityweekly.com/wiki/index.php/ES_Episode41 Visit http://securityweekly.com/esw for all the latest episodes!
Rami Essaid is the CEO and Co-Founder of Distil Networks. With over 15 years of experience in telecommunications, network security, and cloud infrastructure management, Rami advises enterprise companies around the world, focusing on embracing the cloud to improve scalability and reliability. Full Show Notes: http://wiki.securityweekly.com/wiki/index.php/ES_Episode41 Visit http://securityweekly.com/esw for all the latest episodes!
Rami Essaid of Distil networks joins us for an interview. In the news, Cylance battles the malware testing industry, Tanium’s CEO issues an apology, Malwarebytes integrates with ForeScout, and more in this episode of Enterprise Security Weekly!Full show notes: http://wiki.securityweekly.com/wiki/index.php/ES_Episode41 Visit http://www.securityweekly.com for all the latest episodes!
Rami Essaid of Distil networks joins us for an interview. In the news, Cylance battles the malware testing industry, Tanium’s CEO issues an apology, Malwarebytes integrates with ForeScout, and more in this episode of Enterprise Security Weekly!Full show notes: http://wiki.securityweekly.com/wiki/index.php/ES_Episode41 Visit http://www.securityweekly.com for all the latest episodes!
This week Gordon talks to Rami Essaid of Distil Networks about bots, what they are and what damage they can do to your business.
This week Gordon talks to Rami Essaid of Distil Networks about bots, what they are and what damage they can do to your business.
In today's podcast, we hear about brokerages in Taiwan being extorted with threats of DDoS. Polish banks compromised in watering hole campaign. Criminals turn from JavaScript to less obviously suspicious kinds of files. Cyber vigilantes poke at unsecured printers and dark web hosting. China ratchets up its efforts to control its Internet. The US shares classified intelligence on Russian influence operations with European allies, and works on its own information operations capability. Dale Drew from Level 3 Communications takes note of the increase in ransomware. Rami Essaid from Distil Networks describes efforts to combat ticket scalping bots. And a former NSA contractor will probably face espionage charges related to the ShadowBrokers.
Today we have a great conversation with the co-founder and CEO of Distil networks Rami Essaid. Rami was born in syria to a family known for their engineering talent. He later moved the united states and started working in sales and business. After realizing what a challenge spam and malware bots were posing to corporations rami decided to create a product that would protect against attacks. Rami then took the plunge and founded his company Distil in 2001. After a lot of testing with the beta product Distil networks has now become to go to solution for protecting against bot nets and brute force login attacks. Distil Networks secured $38 million in total funding from Bessemer Venture Partners, Foundry Group and TechStars' Bullet Time Ventures, ff Venture Capital, IDEA Fund Partners, and Militello Capital. Rami attended North Carolina State University where he majored in computer engineering.Lets listen into Rami interviewed by Startup Grind’s DC chapter director Brian Park.
How Distil Networks joined a business accelerator (Techstars) and raised $10 million to fight the bot web threat.