Greenhouse

includes Greenhouse CRM

14 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Oct 8, 2017 by Daniel Chait · said 47 times in 16 episodes since 2017 · across every show →

Mentions by year, the whole family

brought up most by Nathan Latka (18), Daniel Chait (11), Benn Stancil (9), John Stein (2), Taylor Bergen (1), Raphael Danilo (1), Nikos Moraitakis (1), Lars van Wieren (1)

tap a year for its mentions
001332562017201820192020202120222023episodesmentions
0362017201820192020202120222023episodes it came up in
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2023 9 mentions in 1 episode
2022 4 mentions in 4 episodes 1 per episode
2020 3 mentions in 3 episodes 1 per episode
2019 6 mentions in 6 episodes 1 per episode
2017 25 mentions in 2 episodes 13 per episode

every mention, scene by scene, with the transcript →

Everything said about Greenhouse, oldest first

Oct 8, 2017
Disclosure
Chait: Greenhouse avoids per-seat pricing, scaling instead with total customer headcount.
“So we don't sell by the seat, but it's basically additional growth at the customer.”
Daniel Chait Oct 8, 2017 ▶ 14:41 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017 positive
Assertion Not checkable as stated
Chait: Greenhouse prices at the higher end as a premium ATS solution
“Generally, what I'll say is that of our competitors, we tend to price out at the higher end. I think we tend to be seen as more of a premium software solution. So often they'll get quotes from a bunch of like applicant tracking software companies. And then, yo…”
Daniel Chait Oct 8, 2017 ▶ 3:39 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017
Disclosure
Chait: 65% of Greenhouse's business comes from 100-to-1,000-employee companies.
“So this year, for example, about 70% of our business will be about 65% of our business will be between a hundred and a thousand employees.”
Daniel Chait Oct 8, 2017 ▶ 8:43 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017 neutral
Disclosure
Chait: Pre-paid annual subscriptions make customer payback periods less concerning.
“We generally have our customers that prepay for the subscription period. So that's really less of a concern for us. And also like we're well capitalized.”
Daniel Chait Oct 8, 2017 ▶ 16:06 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017
Insight
Chait: Every VC round requires completely different proof points from founders
“Every round is very different than the last. So you just figured out this process of like, okay, what do these investors want? And how do they think about your company? And you fail, fail, fail, fail, fail, and you get the one who's going to lead the round, an…”
Daniel Chait Oct 8, 2017 ▶ 10:07 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017 positive
Assertion Not checkable as stated
Chait: Greenhouse averages a 97% customer renewal rate
“I would say on average, 97% of our customers are.”
Daniel Chait Oct 8, 2017 ▶ 11:33 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017 neutral
Assertion Not checkable as stated
Chait: M&A, closures, and hiring halts drive most Greenhouse churn
“By far, the biggest cause of churn for us, and it always has been since we started, was like, we say like marriage, death, and divorce, right?”
Daniel Chait Oct 8, 2017 ▶ 11:19 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017
Assertion Supported
Chait: Greenhouse raised $60M total through Series C round
“We've raised a total of about sixty million dollars through our series C round.”
Daniel Chait Oct 8, 2017 ▶ 9:30 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017
Disclosure
Chait: Greenhouse has reached approximately 2,000 customers.
“Just about 2000.”
Daniel Chait Oct 8, 2017 ▶ 8:26 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017 positive
Assertion Not checkable as stated
Chait: Pitching VCs generated early customers through their portfolio company introductions.
“Raising money. Absolutely. You're a great way to acquire customers. Cause you go pitch VCs and they're like, I don't know what your product does or if anyone likes it. So they go, Hey, could I introduce you to some of our portfolio and see if they like it? Lik…”
Daniel Chait Oct 8, 2017 ▶ 17:06 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017 positive
Assertion Not checkable as stated
Chait: Greenhouse converted General Assembly hiring students into early product customers.
“I taught this class, I ended up doing it for two years. Through General Assembly, we did, you know, hundreds of students came through and took my hiring class, and sure enough, when we had a product available, we kind of said, hey, you took my class, didn't kn…”
Daniel Chait Oct 8, 2017 ▶ 17:24 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017
Assertion Not checkable as stated
Chait: Greenhouse's entire 2012 revenue was $50 from a General Assembly class.
“We launched a product in 2013. So 2012 revenue was about 50 dollars, and that was because we did a, I taught a class at General Assembly called How to Make Hiring Strength of Your Company, and the first revenue ever into Greenhouse was actually a you know, an …”
Daniel Chait Oct 8, 2017 ▶ 6:33 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017
Assertion Not checkable as stated
Chait: Greenhouse reached $1M in revenue in its first product year.
“So, in the end of the year, I think we probably got to a million bucks that year.”
Daniel Chait Oct 8, 2017 ▶ 7:28 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
Oct 8, 2017 neutral
Disclosure
Chait: Greenhouse prices by organization size, serving 5 to 20,000 employees.
“We have companies that are five, 10 person startups that just raised their first round of funding and are trying to grow. We have companies that are 15, 20,000 employees worldwide. So the business model is their pricing model is dependent on the overall size o…”
Daniel Chait Oct 8, 2017 ▶ 2:51 806: SaaS: Recruiting Tool w/ $60m Raised, 2000 Customers, Unleashes CRM
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