The Ledger
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Charles Hudson passes because the startup lacks software leverage for venture scale
“This is just a business where I struggle to see how technology can give you the kind of leverage I want.”
Michael Hyatt predicts Virtual Gurus will eventually hit $20 million in revenue
“This revenue is going to get to twenty million and getting in at two and a half. Think about it. It's one of the best VC returns you'd have.”
Charles Hudson predicts Virtual Gurus will command a 1x-2x revenue multiple
“I think it's going to be a one to two X multiple on, because I think it's going to look like a services business for its entirety. And it's going to look like a really Profitable one, but those are one to two X multiple businesses.”
Sarah Downey says Virtual Gurus fits an angel profile over venture scale
“It's like, it's not a venture scale profile, but it's a great angel.”
A Canadian government program plans to match Virtual Gurus' funding dollar-for-dollar
“Western Diversification were on the first mailing list to get that once they release it. And so they want to match the million for a million.”
Competitor Zirtual sends its virtual assistants to train at Virtual Gurus Academy
“Because even some of our competitors have actually been sending people to do or go through our academy. So we've had actually Zurch will send a few.”
Bobbi Racette limits ad spend to $2,500 because demand exceeds current capacity
“We are spending about 2500 on a light ad spend. I'm scared to crank up the tops, because we can't hardly keep up right now.”
Bobbi Racette grew Virtual Gurus to $1.3 million in annual recurring revenue
“And we've launched two and a half years ago, and our current annual reoccurring revenue is 1.3 million.”
Bobbi Racette is raising $300,000 to finish a $1.35 million funding round
“Yeah, so I'm here raising 300,000 to top off my 1.35 million raise.”
Bobbi Racette says Virtual Gurus has 160 active and 6,000 pre-vetted assistants
“So all of our virtual assistants are North American and we have over a 160 active working ones with 6000 in our database That have already been pre-vetted.”
Virtual Gurus charges clients $35 an hour and pays assistants $18-$22
“So we charge the client 35 an hour, and then we pay the VA anywhere from 18 to 22 an hour.”
Michael Hyatt offers to invest $25,000 to $50,000 in Virtual Gurus
“Listen I would like to invest. I think this is one of the most humble, smart, and best pitches I've seen in a long time on this show. The valuation's reasonable. I love what you're doing. Everything says that you have A huge supply of clients. But I'd be in fo…”