Everything Greg Reyes said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Clients will inevitably take successful agency-built products in-house
“Well, we expect them to take it in house. Like if we're successful, then they will take it in house”
Raizlabs projects range from hundreds of thousands to nearly $1 million
“So our project definitely range in size, but they tend to be anywhere from a couple 100,000 dollars. We have some projects close to a million dollars in size.”
Raizlabs bootstrapped for a decade without raising venture capital
“We've never taken funding”
Raizlabs generated just under $9 million in revenue in 2015
“I think we were just shy of nine million.”
Raizlabs projected $13 million to $14 million in 2016 revenue
“We're on track to 13, 14 this year.”
Raizlabs has been profitable every year since its inception
“But the company has been profitable every year since, since I started it when I was taking zero salary through, through to today.”
Raizlabs' monthly headcount expenses range from $800,000 to $900,000
“They're just under a million dollars. So around 800 to 900,000 dollars.”
Raizlabs built an app generating $250 million annually for one client
“I mean, we had one client where we were definitely generating about quarter, quarter billion dollars a year in revenue for them.”
Raizlabs helped design and launch Runkeeper, reaching up to 40M users
“So we work with them on the design development of that product, helped launch it. Grew to 20 to forty million users, and they raised a bunch of money, they took the project in-house”
Raizlabs charged just $15,000 to build the original Runkeeper app
“So I think we charged like 15 K early on and we've certainly sophisticated and matured.”
Raizlabs reached 80 employees across its Boston and Oakland offices
“We're about 80 folks. We have offices in Boston and Oakland, California.”
Greg Raiz started Raizlabs with $15,000 to $20,000 in personal savings
“I had about 15, 20 K from when I left Microsoft, so it wasn't a ton.”
None of Raizlabs' internal product spin-offs have crossed $1M in revenue
“Not, not currently. You know, we, we're really concentrating on our services business, but we're, we love product incubation and exploration, but we haven't kind of anchored on a home run with any of those yet.”