AskHR

14 statements across 1 episodes · 5 bullish · 1 bearish · 1 people on the record · first statement Dec 28, 2019 by James Sturges · said 21 times in 1 episodes since 2019 · across every show →

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brought up most by Nathan Latka (17), James Sturges (4)

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2019 21 mentions in 1 episode

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Everything said about AskHR, oldest first

Dec 28, 2019
Disclosure
Sturges: AskHR charges roughly $5 per employee annually
“The AskHR business that we're doing, it's around five dollars per employee per year so it's not crazy, and the idea is that we're extending, in the AskHR space, we're extending your HR team.”
James Sturges Dec 28, 2019 ▶ 4:42 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 negative
Disclosure
Sturges: AskHR turned down investors to avoid 'dumb money'
“In this most recent raise, we actually said no to a few investors because we didn't want to take what's, you know, what I'm calling dumb money. So we really wanted money that would get us into you know, partners equity partners that would basically help us sor…”
James Sturges Dec 28, 2019 ▶ 6:26 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019
Disclosure
Sturges: Most early AskHR investors were high-net-worth friends
“Most of the early investors were kind of friends and family, so to speak. Or actually it was more high net worth individuals that are friends.”
James Sturges Dec 28, 2019 ▶ 15:48 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 positive
Assertion Not checkable as stated
Sturges: AskHR launched with about a dozen major customers, including Fortune 500
“So officially we're pre-revenue, but we have we've launched with probably about a dozen major customers and then a couple of other smaller customers. And we're lucky that some of those customers are in the fortune 500 space.”
James Sturges Dec 28, 2019 ▶ 1:20 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 positive
Disclosure
Sturges: AskHR's Early Traction Came from Attending Two Major HR Conferences
“And we've had our, I think some of our really early success actually came from also going to two different major conferences, in which case we sort of all got together and did a lot of strategies.”
James Sturges Dec 28, 2019 ▶ 14:52 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 neutral
Assertion Not checkable as stated
Sturges: All Major AskHR Enterprise Customers Prefer Paying by Check
“All of our major customers prefer to send us checks.”
James Sturges Dec 28, 2019 ▶ 17:43 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 positive
Assertion Not checkable as stated
Sturges: AskHR has had zero seat loss in year one
“We have not, you know, I think we're lucky because we are in our first year, but we have not had any loss of seats yet.”
James Sturges Dec 28, 2019 ▶ 14:17 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019
Disclosure
Sturges: AskHR has six full-time employees
“Full-time we have six.”
James Sturges Dec 28, 2019 ▶ 5:48 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 positive
Assertion Not checkable as stated
Sturges: AskHR customer revenue covers salaries, servers, and R&D
“It's covering salaries for our employees. It's covering our server costs and fees, and it's covering our R and D costs.”
James Sturges Dec 28, 2019 ▶ 8:13 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 positive
Assertion Not checkable as stated
Sturges: All AskHR customers are paid, revenue-generating accounts
“The product, so all of our customers are paid. So we're actually generating revenue from our existing customers.”
James Sturges Dec 28, 2019 ▶ 7:59 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019
Assertion Not checkable as stated
Sturges: AskHR closes five-to-six-figure deals and has two 50,000-seat customers
“From a revenue standpoint, we typically do probably five to six figure deals with those customers. And some of that will be our current product. And some of that will be sort of service based customer software that we're integrating on top of that. So integrat…”
James Sturges Dec 28, 2019 ▶ 10:24 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 neutral
Disclosure
Sturges: AskHR targets Series A fundraise probably next year
“We are right now targeting for Series A probably next year.”
James Sturges Dec 28, 2019 ▶ 6:02 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019 neutral
Disclosure
Sturges: AskHR structured most of its funding round in SAFEs
“Most of it was in safe notes.”
James Sturges Dec 28, 2019 ▶ 7:25 1617 How He Closed 50,000 Seat Deals on Day 1
Dec 28, 2019
Disclosure
Sturges: AskHR signs three-year contracts billed annually
“So we have the agreement for three years or so, but they pay for a year at a time.”
James Sturges Dec 28, 2019 ▶ 12:51 1617 How He Closed 50,000 Seat Deals on Day 1
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