Clutch

8 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Nov 28, 2020 by Matthew Hager · said 7 times in 2 episodes since 2020 · across every show →

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brought up most by Nathan Latka (4), Matthew Hager (2), Michael Maximoff (1)

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Everything said about Clutch, oldest first

Nov 28, 2020
Disclosure
Hager: Clutch aims to build a Webflow alternative for enterprise-level applications
“So our goal was basically to build Squarespace or a Webflow or a Wix or one of those products, but that could actually build enterprise level applications.”
Matthew Hager Nov 28, 2020 ▶ 3:23 Front End As a Service, I Predict They'll Be $100m Within 3 Years
Nov 28, 2020 neutral
Disclosure
Hager: Clutch has no hiring page, relying exclusively on inbound talent
“So we don't have a hiring page on our website at all. Everybody who has joined has had to reach out to me via LinkedIn or something else.”
Matthew Hager Nov 28, 2020 ▶ 10:35 Front End As a Service, I Predict They'll Be $100m Within 3 Years
Nov 28, 2020
Disclosure
Hager: Invested $600,000 to build Clutch before spinning it out
“In total about 600,000.”
Matthew Hager Nov 28, 2020 ▶ 7:36 Front End As a Service, I Predict They'll Be $100m Within 3 Years
Nov 28, 2020
Assertion Not checkable as stated
Hager: Clutch operates with a monthly burn rate of around $50,000
“Yeah, that's let's just say it's in that range.”
Matthew Hager Nov 28, 2020 ▶ 19:18 Front End As a Service, I Predict They'll Be $100m Within 3 Years
Nov 28, 2020 positive
Assertion Not checkable as stated
Hager: A single enterprise contract extended Clutch's runway by several months
“Just that one enterprise contract alone extended our runway, you know, a few months.”
Matthew Hager Nov 28, 2020 ▶ 15:44 Front End As a Service, I Predict They'll Be $100m Within 3 Years
Nov 28, 2020 positive
Disclosure
Hager: Clutch partners with backend platforms like Shopify for ecosystem distribution
“So instead of doing what Webflow and Wix and Squarespace did, where they give you both a front end to backend and then pit themselves against WordPress and Drupal and Shopify, We reached out to the Shopify's, the Drupal's, the WordPress's, the Contentful's of …”
Matthew Hager Nov 28, 2020 ▶ 12:05 Front End As a Service, I Predict They'll Be $100m Within 3 Years
Nov 28, 2020 neutral
Disclosure
Hager: Clutch has zero signed paying customers prior to official launch
“We've got an agreement in the works and hopefully we'll get ink next week, but you are correct. No ink yet. That's right.”
Matthew Hager Nov 28, 2020 ▶ 13:17 Front End As a Service, I Predict They'll Be $100m Within 3 Years
Nov 28, 2020
Disclosure
Hager: Plans to self-fund Clutch up to $1 million before raising
“I've been funding everything myself. And I'll probably fund it. Up through a million or so get, we need to get some initial metrics and then after that we'll, we'll go raise funds.”
Matthew Hager Nov 28, 2020 ▶ 14:50 Front End As a Service, I Predict They'll Be $100m Within 3 Years
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