HipLead

20 statements across 3 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Jan 17, 2017 by Connor Lee · said 50 times in 6 episodes since 2017 · across every show →

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brought up most by Nathan Latka (35), Connor Lee (15)

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Everything said about HipLead, oldest first

Jan 17, 2017 positive
Disclosure
HipLead reached just under $1M in annual revenue in 2015
“Yeah, it was just under a million.”
Connor Lee Jan 17, 2017 ▶ 15:42 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017
Disclosure
HipLead repurchased unvested equity when Lee's co-founder departed after 18 months
“I've always had, you know, majority ownership of the company. And so you know, he was, you know, co-founder for about a year and a half. And so, you know, basically when he was done, we would, you know, we made sure I started a few companies now and I always m…”
Connor Lee Jan 17, 2017 ▶ 6:25 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017
Disclosure
HipLead charges $2K-$4K monthly on average; its largest client pays $20K
“And we charge companies between you know, between two and 4000 dollars a month on average. I think our biggest client is around 20,000 dollars a month.”
Connor Lee Jan 17, 2017 ▶ 4:34 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017 neutral
Assertion Not checkable as stated
HipLead's customer acquisition cost is approximately $500
“You know, for us probably close to 500.”
Connor Lee Jan 17, 2017 ▶ 12:58 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017 positive
Assertion Not checkable as stated
Connor Lee claims HipLead has been profitable since day one
“We've been profitable since day one.”
Connor Lee Jan 17, 2017 ▶ 9:04 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017 positive
Disclosure
HipLead used revenue-based financing from Lighter Capital instead of raising equity
“No, it was actually it was actually a loan from lighter capital. Oh, it's sort of like a bank loan. But that it's invoice or revenue financing basically.”
Connor Lee Jan 17, 2017 ▶ 8:49 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017
Assertion Not checkable as stated
HipLead generates over $120K in monthly recurring revenue as of late 2016
“Yeah, at least we're doing you know, more than double that.”
Connor Lee Jan 17, 2017 ▶ 5:07 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017 positive
Assertion Not checkable as stated
HipLead's customer lifetime value reached $16,000 by late 2016
“We're right now at 16,000 dollars.”
Connor Lee Jan 17, 2017 ▶ 13:09 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017
Assertion Not checkable as stated
HipLead serves 30 active customers as of late 2016
“We have 30 customers right now.”
Connor Lee Jan 17, 2017 ▶ 4:56 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017 neutral
Disclosure
HipLead generated approximately $200K in revenue during its first year
“It was trying to think probably Like 200,000 dollars the first year.”
Connor Lee Jan 17, 2017 ▶ 14:21 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Jan 17, 2017
Disclosure
HipLead raised over $200K in debt financing to make key hires
“It was a little over 200,000 dollars. Okay. It wasn't much. It was just to make a few key hires.”
Connor Lee Jan 17, 2017 ▶ 8:59 EP 542: HipLead Hits $120k MRR Helping 30 Customers Get More Leads with CEO COnor Lee
Mar 8, 2019 positive
Disclosure
HipLead's agency revenue funds development of new SaaS products
“Yeah, I mean, we might in the future. That's definitely a possibility, but you know, as a, you know, as a bootstrap company Hipplead's, Hipplead's revenue is, is, is growing, is paying for development and all of that on the other products.”
Connor Lee Mar 8, 2019 ▶ 6:44 1322 How to Move from Service Business to Pure SaaS
Mar 8, 2019 neutral
Disclosure
HipLead employs 5 people in San Francisco and 12 globally
“So we've got five in SF and another 12 around the world.”
Connor Lee Mar 8, 2019 ▶ 11:49 1322 How to Move from Service Business to Pure SaaS
Mar 8, 2019
Assertion Not checkable as stated
Lee: HipLead has worked with nearly 300 B2B SaaS companies
“We, you know, we built Sona, basically, because we had a lot of insights into how, you know, we worked with over, I think, now, 250, almost 300 different companies that are all SaaS companies, B to B SaaS companies”
Connor Lee Mar 8, 2019 ▶ 7:21 1322 How to Move from Service Business to Pure SaaS
Mar 8, 2019 neutral
Disclosure
HipLead generates $150,000 in monthly recurring revenue
“No, a 150 in MRR currently.”
Connor Lee Mar 8, 2019 ▶ 2:36 1322 How to Move from Service Business to Pure SaaS
Mar 8, 2019
Assertion Not checkable as stated
HipLead has over 50 active customers
“We have 50 plus customers.”
Connor Lee Mar 8, 2019 ▶ 4:52 1322 How to Move from Service Business to Pure SaaS
Mar 8, 2019
Assertion Not checkable as stated
Lee: HipLead data-only clients pay around $1,000 monthly
“Somewhere around a thousand a month.”
Connor Lee Mar 8, 2019 ▶ 12:59 1322 How to Move from Service Business to Pure SaaS
Mar 8, 2019 positive
Insight
Running an agency provides invaluable insights for building SaaS products
“I really like hip lead just Continuing to run it is because it just, it gives us a great amount of insight into what a lot of different companies are doing and their problems, and that's hard to, that's really hard. Well, you can't put price on it. It's very e…”
Connor Lee Mar 8, 2019 ▶ 13:43 1322 How to Move from Service Business to Pure SaaS
Mar 8, 2019
Disclosure
HipLead remains mostly bootstrapped after an initial $200,000
“Yeah, we've stayed at that level. We haven't raised, we're still bootstrapped more or less and stayed at that kind of level.”
Connor Lee Mar 8, 2019 ▶ 5:36 1322 How to Move from Service Business to Pure SaaS
Apr 3, 2020
Assertion Not checkable as stated
Connor Lee: GoPersonas serves roughly 110 customers on its software tool
“We have about on the hip lead at, well, on the personas actual tool, we have roughly a hundred, a 110.”
Connor Lee Apr 3, 2020 ▶ 2:33 1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders
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