Gusto will eventually go public, says CEO Josh Reeves
Josh Reeves · How Gusto’s $10B founder raised $6M, built a team of 5—& hit $5M ARR in just 2 years. | Josh Reev... · PMF Show · Jan 6, 2025 · at 50:07
Josh Reeves, CEO of Gusto, discusses the long-term milestone of taking Gusto public.
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“At some point, Gusto, you know, will be a public company.”
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“When we started Gusto, you had close to 40% of companies in the U.S. Doing payroll by hand. You had close to that same percentage, you know, 30 to 40% getting fined, penalized by the government for making mistakes. You had billions and billions of dollars of p…”
Reeves views payroll as the ultimate non-optional employee system of record
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“That means eventually Augusta will be serving all size companies in all countries around the world with, you know, all pain points tied to running a business.”
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“Companies like Shopify, Square, Intuit have proven that you can build, like, hundred billion dollar plus companies if the numbers are working right, if you're medicine, not vitamin for a small business customer”
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