Everything Alessandro Garcia said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Garcia: Solides is the only SMB HR software player in Brazil
“Today we don't have other players
providing HR software for small video companies in Brazil.
In the US you have a Bumble HR and other players, but here we are playing this game alone.”
Garcia: No other company globally uses behavioral algorithms beyond hiring
“I believe no one in the world is using behavior algorithm to make that. It's only to see how people works in hiring process.”
Solides raised a $100M Series B funding round
“Yes, from a wall of people, a hundred million dollars.”
Garcia: Solides avoids underwater stock option issues due to revenue growth
“Today we not have this problem, even with the, this lower of the multiples in, in valuations because we grew a lot since from them. So we don't have to deal with this problem. We have a lot of problems, but not this.”
Garcia: Solides expects to double revenue to $60M ARR in 2023
“Our expectation is to double again.”
Garcia: Brazilian SaaS startups average a 6x ARR valuation multiple
“We are looking the market here in Brazil, they are paying six times in average of the ARR.”
Garcia: Solides has almost 20,000 paying business subscribers
“We have almost 20,000 companies as subscribers”
Solides' platform manages nearly 2 million employees across its customer base
“Close to two millions.”
Solides tripled twice and doubled twice following its 2015 SaaS relaunch
“In 2000 15 and we triple, triple, double, double, and almost double in the 50 year.”
Garcia: Solides was valued at around $15M in 2019 Series A
“Maybe fifteen million million dollars. I think that was something like that.”
Solides acquired Tangerino, adding nearly 10,000 scheduling customers
“We have a group of close to 10,000 customers using the scheduling point.
It was from a company that we acquired,
Last year called Tangerino.
They deal with scattering time and punch clock, electronic punch clock.”
Solides reports a blended ARPU of $130 per month
“It was our ARPU is a hundred and
130 dollars a month.”
Garcia: Solides grew revenue 100% year-over-year to $2.6M per month
“A half than that. We grew a hundred percent last year.”
Garcia: Solides is targeting an IPO in roughly three years
“Maybe in three years, we are trying to build a solid business to offer this in the public market.”
Garcia: Solides averages 1.9% gross churn per month company-wide
“No, no, sorry 1.9 per month.”
Garcia: Sólides is doubling its annual revenue year-over-year
“We are growing this year two times what we got last year.”
Garcia: Sólides has scaled entirely through bootstrapping
“All via bootstrap.”
Garcia: Sólides' fully weighted customer acquisition cost is close to $500
“It's close to 500 dollars.”
Garcia: Sólides employs 100 people total, with 50 in sales
“100 in total the team. 50 is in the sales.”
Garcia: Sólides has 1.2% monthly revenue churn
“That's low churn. Revenue churn is 1.2% a month.”
Garcia: Sólides seeks $2M to $3M in first funding round
“Two, three million dollars at the first round.”
Garcia: Sólides charges SMB customers approximately $150 per month
“In reais 600 reais, it's closer to one and a half hundred dollars a month.”