Rivet

10 statements across 1 episodes · 4 bullish · 2 bearish · 1 people on the record · first statement Mar 22, 2024 by Nick Abouzeid · said 27 times in 1 episodes since 2024 · across every show →

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brought up most by Molly O'Shea (23), Nick Abouzeid (4)

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Everything said about Rivet, oldest first

Mar 22, 2024 negative
Assertion Not checkable as stated
Abouzeid: Personal tax prep firms avoid complex, multi-jurisdiction clients
“There are no personal tax prep firms that are eager to engage with this type of client. Why? They're more sophisticated and time consuming than sort of your easy, you know, here's a thousand dollars. I'll get you my tax returns and just sort of not have to thi…”
Nick Abouzeid Mar 22, 2024 ▶ 34:56 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024 positive
Insight
Abouzeid: Tax extensions are prep firms' biggest productivity lever
“It's oftentimes the biggest lever a tax prep firm has and sort of making their people more productive is by themselves six more months to do the work.”
Nick Abouzeid Mar 22, 2024 ▶ 36:08 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024 neutral
Opinion
Abouzeid: Rivet's Launch Means Nothing Until Successfully Completing Tax Season
“At the same time you know, nothing's happened yet. I'll take the congratulations on April 16th when tax season is over. Then I will feel like, you know, we've done what we need to do, but for the for the time being it feels good to sort of be able to talk abou…”
Nick Abouzeid Mar 22, 2024 ▶ 2:16 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024 bullish
Prediction Not checkable as stated
Abouzeid: Rivet raised venture believing it can IPO in 10-15 years
“No, I mean, look, we wouldn't have raised money if we did not think we could go public in 10, 12, 15, right? People have to return their funds. This is not for fun. This is not a hobby, right? We know that we wouldn't have raised money if we didn't think that …”
Nick Abouzeid Mar 22, 2024 ▶ 23:19 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024
Disclosure
Abouzeid: Rivet services individual W-2 filers through Series C companies
“We work with, you know, everything from Vanilla w two tiny nines. I'm just an employee at a company. I want somebody to be able to call in the off season for questions all the way through call it like series B and series C companies with, you know, deeply soph…”
Nick Abouzeid Mar 22, 2024 ▶ 31:35 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024 positive
Opinion
Abouzeid: Ramp is a generational company, Rivet unlikely to match its success
“I hope I hope we are as successful as ramp one day. I don't think we will be, I think it's a generational company.”
Nick Abouzeid Mar 22, 2024 ▶ 40:43 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024 neutral
Disclosure
Abouzeid: Rivet uses Drake Software for backend tax preparation
“We use Drake for our sort of backend sort of tax prep actually builds the returns.”
Nick Abouzeid Mar 22, 2024 ▶ 25:44 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024 positive
Disclosure
Abouzeid: Rivet is building an EY competitor, not a startup-only firm
“Ernst & Young is who I look up to. It's not, you know, there are a bunch of startup focused tax prep firms. We are not building one. We are building a better tax prep firm. Just so happens that a lot of our sort of early customers happen to be startups.”
Nick Abouzeid Mar 22, 2024 ▶ 27:46 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024
Disclosure
Abouzeid: ChatGPT generated the name for his startup Rivet
“Weirdly enough rivet was a name that Chad CPT told me.”
Nick Abouzeid Mar 22, 2024 ▶ 26:14 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
Mar 22, 2024 negative
Insight
Abouzeid: Do not hire growth talent without defining target metrics first
“It is not a good idea to hire a growth person if you don't know what number they're going to move.”
Nick Abouzeid Mar 22, 2024 ▶ 8:57 Nick Abouzeid, Rivet: Growth "Hacking" Myths, What Worked at Ramp, & Better Tax Services · Sourcery with Molly O'Shea
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