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 “transformed the back office” for companies everywhere. Famous Five:   Favorite Book? – Who Says Elephants Can’t Dance What CEO do you follow? — Elon Musk Favourite online tool? — Rapportive and Calendly Do you get 8 hours of sleep?—No If you could let your 20 year old self know one thing, what would it be? — Start a business earlier than you think you should. Time Stamped Show Notes: 01:25 – Nathan introduces Anant Kale 01:55 – AppZen uses artificial intelligence software in offices 02:45 – It detects information on employees and statistics automatically 03:30 – Founded in 2013 04:00 – 2015 revenue was just under $1 million 04:45 – They have 22 customers 05:00 – Average contract price is $150000 05:20 – Capital raised is $14 million 06:10 – 14 people on the team 06:40 – No churn so far 07:15 – Average customer acquisition cost is very low 08:15 – Too early for lifetime value 09:05 – Evaluation for the company 10:15 – Goal is to double revenue in 2016 13:00 – Anant is a cofounder 13:50 – The company was split according to responsibilities and contributions 14:40 – He always wanted to really build a company on his own 16:00 -- The Famous Five 3 Key Points: Don’t put off starting your own business. A large salary doesn’t mean that you will be satisfied with your job. If you have an entrepreneurial spirit, follow that desire. Resources Mentioned: Freshbooks – The online tool Nathan uses to keep track of receipts Hostgator – The program Nathan uses for his website Rapportive and Calendly – Anant’s favorite online tools Show Notes provided by Mallard Creatives