Faster Product Development With A Sophisticated Approach Is Essential: Andrew Fan
When Upsilon started serving the tech industry in 2012, the founders understood the need to offer something unique to differentiate themselves in the competitive technology landscape. They surpassed expectations by providing a wide range of web and mobile development solutions. Over the next 10 years, they transformed from an outsourcing company to a product studio, underwent rebranding, hired many talented specialists, and elevated the company to new heights.
In an interview with GoodFirms, Andrew Fan — the CTO and co-founder of Upsilon, interestingly shared the story about the company's formation, progress, prospects, and its products.
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How Upsilon Started
Upsilon started as an outsourcing company focused on writing clean code and building functionality. However, they have since come to understand that the process of ideating, launching, and managing products requires improvements from a business perspective.
Thus, the company has concentrated on these areas and established proficiency in executing diverse projects for clients around the globe. The team has acquired exceptional experience while working on various complex projects and developed mastery of the tech industry.
This company has become a reliable technology partner that offers top-notch services, including product design, development, management, and delivery.
This experience working on client projects led Upsilon to become a product studio. They constantly strive to enhance their experience, making it more delightful, effective, and productive. This led to the creation of their own products such as OneBar, ToDoBot, and OrgaNice.
As a Chief Technology Officer, Andrew uses innovative technologies to help his team achieve their clients' crucial business goals. His forward-thinking leadership motivates them to surpass expectations and break new ground.
Business Model and Main Differentiator
The company has a globally dispersed team of highly skilled professionals who work remotely. This team possesses diverse skill sets and is committed to delivering exceptional services or products to clients. The team strongly emphasizes innovation and maintaining market competitiveness in every project.
Upsilon stands out from other software companies in terms of competition. It is a product studio that positions itself as a trustworthy and forward-thinking tech partner. Their skills in developing long-term product strategies and building robust development enable them to solve even their clients' most intricate problems.
The company strongly believes in ethical values such as transparent communication, solid collaboration, and commitment. These values inspire trust and confidence in clients. The company uses this approach when dealing with its global clients, partners, and business community. They take full responsibility for ensuring the success of their clients with dedication and determination.
Services The Company Offers
Upsilon values long-term partnerships with startups and SaaS B2B businesses. They hold the record for the most extended partnership, having developed three products over ten years.
The company provides MVP development services for early-stage startups. These services assist clients in validating their business hypotheses, obtaining early feedback, and attracting potential investors. They also offer team augmentation services that enable growth-stage companies to scale and create products faster than their competitors.
Transparency and Discovery Spirit
The company has a sophisticated process for understanding clients' requirements. Typically, the team begins with a discovery phase where they collect the information about clients' business objectives, core functions, and potential obstacles. This helps them evaluate the market thoroughly.
According to Andrew, the company's customer support is top-notch because of its transparent communication with clients and its provision of Slack support for quick and efficient connection. This approach helps to build trust with clients by better understanding their unique needs and providing excellent solutions.
The following reviews from GoodFirms demonstrate how Upsilon collaborates with its clients.
Payment Structure And Project Budget
Upsilon offers their clients two basic pricing models to choose from: Pay per Milestone and Fixed Cost. Regarding the first option, they have sprint-based pricing. Each sprint is broken down into 2 weeks. They set up the sprint goal, define the scope of work for the sprint and start working.
Such an approach allows the company to accelerate value delivery to let their clients validate ideas, gain traction, and attract investments in less time.
Another option is Fixed Cost, which is perfect for long-term projects with a predefined scope.
During the discussion, Andrew mentioned the budget requirements, indicating that the minimum cost would be $15k. He emphasized that the price range for any project would depend on its scope of work, duration, and various other factors.
Upsilon consistently demonstrates a commitment to its practices and plans to produce scalable and notable work in the industry. The company aims to assist more startups in creating products that can solve customer issues. The dedicated team will continue developing their own SaaS products, making them profitable and helpful for users.
You can also go through this detailed interview on GoodFirms.