Abhinav Agrawal

11 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Jul 20, 2020 by Abhinav Agrawal · across every show →

On the record as a speaker too: Abhinav Agrawal's record, appearances and statements → this page counts the times other people say the name.

Everything said about Abhinav Agrawal, oldest first

Jul 20, 2020 bullish

Assertion Not checkable as stated

Agrawal: Rocket grew 240% YoY in recent 2019 quarter

“2019 quarter that just closed versus the 2018 quarter, that was the growth rate, was two 40%.”

Abhinav Agrawal Jul 20, 2020 ▶ 10:45 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020

Disclosure

Agrawal: Rocket employs 30 people, two-thirds recruiters and one-third product

“We have about 30 people. About two thirds of the team are recruiters. A third of the team is product and engineering.”

Abhinav Agrawal Jul 20, 2020 ▶ 12:59 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020 positive

Assertion Not checkable as stated

Agrawal: Rocket is already essentially cash-flow positive

“So we're basically cashflow positive already.”

Abhinav Agrawal Jul 20, 2020 ▶ 14:07 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020

Insight

True recruiting churn requires clients to have active open roles

“If they have an open role, they're hiring actively, they're just not using you. That's the real definition of churn in this space.”

Abhinav Agrawal Jul 20, 2020 ▶ 8:14 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020 neutral

Assertion Not checkable as stated

Agrawal: Rocket currently serves about 100 customers

“We have about a hundred customers.”

Abhinav Agrawal Jul 20, 2020 ▶ 7:32 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020 neutral

Assertion Supported

Agrawal: Typical recruiting agency achieves 5% to 10% net margin

“The typical agency makes five to 10% net margin.”

Abhinav Agrawal Jul 20, 2020 ▶ 17:24 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020

Disclosure

Rocket operates its entire business without dedicated salespeople

“We don't have any salespeople today. No.”

Abhinav Agrawal Jul 20, 2020 ▶ 13:12 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020 positive

Assertion Not checkable as stated

Agrawal: Rocket maintains a 2% to 3% annual revenue churn rate

“You know, typically over the last couple of years, our churn has been anywhere from two to three percent.”

Abhinav Agrawal Jul 20, 2020 ▶ 8:25 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020 bullish

Disclosure

Agrawal: Rocket targets 60-70% gross margin and 30-40% net margin

“Today we are targeting anywhere from 60 to 70% gross margin. So our goal We can ideally be a 30, 40% net margin business.”

Abhinav Agrawal Jul 20, 2020 ▶ 17:28 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020

Disclosure

Agrawal: Rocket gets more growth from full-stack recruiting than SaaS

“More from the full stack model where we charge as a percentage of salary.”

Abhinav Agrawal Jul 20, 2020 ▶ 12:50 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Jul 20, 2020 negative

Opinion

Platforms like Hired stalled because VCs forced the wrong operating models

“We've seen too many companies in this space fall flat, you know, whether you look at Hired or others, Where things stall because they don't have the right partner and the right partner pushes that into an operating model that doesn't work for this industry.”

Abhinav Agrawal Jul 20, 2020 ▶ 16:30 GetRocket Has $1.6m In Bank, $5m 2019 Revenues, 100 Customers They Recruit For

Abhinav Agrawal

Everything said about Abhinav Agrawal, oldest first

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