HourlyNerd
company on 1 show · 11 statements across 1 episodes · said 22 times in 2 episodes since 2016
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Top Founders 22
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11 statements about HourlyNerd, every show
Biederman: HourlyNerd raised $7.8M Series B in January 2015
“That was 7.8 million and we raised that in the fall of 20 14. That was, it closed in like January of 15.”
Biederman: HourlyNerd raised $750K seed at $3.75M cap
“It was about 20%, so we raised 750 K at a 3.75 million dollar cap.”
Biederman: HourlyNerd has raised about $10M across three rounds
“So we've raised about ten million dollars over three rounds so far.”
HourlyNerd has worked with 5,000 customers and 21,000 consultants
“We worked with about 5000 customers and we haven't got 21,000 nerds.”
Biederman: Founder equity vesting is mandatory to prevent dead equity
“I'd say that's the, that's mandatory. There's no good reason not to have vesting equity for founders.”
Biederman gave up $400k to $600k in PE compensation for HourlyNerd
“It was probably going to be sort of between four and 600,000.”
Biederman: HourlyNerd founders took no salary for first 18 months
“Starting a startup, we didn't even pay ourselves for the first 18 months.”
Biederman: HourlyNerd pays 80% to 85% of project fees to consultants
“Every project is variable, but typically between 80 and 85% goes to the to the consultant.”
Biederman: HourlyNerd projects average $25,000 to $30,000
“The projects now are about 25, 30,000 dollars on average.”