Gazdecki: Hootsuite's Ryan Holmes was MicroAcquire's first customer and investor
“For MicroRequire, it was actually Ryan Holmes, the CEO of Hootsuite, or now chairman, and I'm kind of a startup nerd, so when that came in, I was like, whoa, like, that's so cool, like, hey Ryan, I hope I don't let you down with MicroRequire. He's now an inves…”
Latka predicts Hootsuite will sell for $750 million soon
“Probably going to sell Hootsuite for seven hundred fifty million bucks here soon.”
Ryan Holmes shut down a $5M agency to launch Hootsuite
“He shut down his agency when he's doing five million bucks in revenue to go and force himself to be uncomfortable and go all in on Hootsuite.”
Hootsuite reached $200M revenue after shutting down its $4M agency
“He grew it to about three, four million bucks and just Professional service revenue. Everyone kept asking for them to manage manually their posting. So he said, I'm gonna build software for this. And then he shut down that agency. He totally washed away four o…”
Latka: The most successful SaaS companies originated out of agencies
“And the most successful SAS companies I've ever seen all came out of agencies. Qualtrics with Ryan Smith Ryan Holmes at Hootsuite. I mean, the most successful SaaS company started as agencies.”
Holmes: Aspiring founders should do services work to find billion-dollar problems
“Agency is an incredible place. I, when I talk to young entrepreneurs that are, you know, they feel like I want to do a business. I don't know what it is. You know, I often will tell them, you know, go do services work for a while. Somebody is going to bring yo…”
Holmes: Hootsuite has raised north of $200 million to date
“Yeah, to date I, you know, it's north of 200.”
Holmes: Much of Hootsuite's funding went toward secondary liquidity for early investors
“A big chunk of the fundraising that we did do was for secondary liquidity for early investors.”
Holmes: Hootsuite generates 30,000 self-serve signups per day
“All of our leads are generated through our freemium signups, our pro signups, our self-serve signups. They come in through those channels. So we get, you know, 30,000 signups a day.”
Holmes confirms Hootsuite has passed $100M in ARR
“Yeah, we are.”
Holmes: Every Hootsuite team member is a company shareholder
“Everybody's a shareholder in the business, so you know, any offer we have to consider”
Holmes: Founders sleeping 2 to 3 hours is an unhealthy myth
“I don't believe in the myth of CEOs that don't sleep. I think CEOs that don't sleep die and die early, and so I believe in the power of sleep. I think that sleep is when you heal. I think sleep is when your mind recharges, and I believe in getting, you know, a…”
Herold: Pushed Hootsuite aggressively back toward profitability during 2015 leadership meeting
“I led the leadership team meeting for Hootsuite two and a half years ago for Ryan Holmes and his team, and I really, really aggressively pushed them back towards profitability, so they did.”
Hootsuite Achieved Immediate Viral Product-Market Fit at 2008 Launch
“And what we saw, you know, pretty much right out of the gates was a very viral uptake in the product usage. We had great product market fit.”
Hootsuite Bootstrapped Its First Year Using Seven Digital Agency Employees
“We worked for the first year. It was bootstrapped within the agency and classic, you know, entrepreneurial story. We had seven people from a 21 person team working on a zero revenue product.”
Operating a Small Business Serves as a Mini MBA
“Working as a restaurateur or a small business owner in general, you know, I talk about small businesses are fantastic because ultimately full accountability rolls up to you, one person. You have to Ultimately develop a skill set. You have to be good at a lot o…”
Hootsuite Created an Internal Startup for Cardboard Standing Desks
“I recently launched a little startup within Hootsuite that was to scratch my own back problem that I had, which was actually around a back injury a few years ago, and it was a simple stand-up The idea came out of just my daily work habits, and it's a cardboard…”
Feature Wars Degrade Software Usability When Customers Primarily Prefer Simplicity
“I think that's something that often gets, gets missed as people get into a feature war in terms of adding the next, next, next, next feature. And, you know, ultimately you have something that looks like, do you just stapled on a bunch of brochures and maybe yo…”
Rapid Product Shifts Are Irresponsible for Mature Software Companies
“As you grow user base, we have an accountability for dependability, reliability to them. We have an accountability you know, we have effectively Provided our customers with a product and a workflow that they're familiar with, and so rapid shifts in product, tu…”