Hotjar

18 statements across 5 episodes · 5 bullish · 1 bearish · 4 people on the record · first statement Nov 17, 2016 by Tanner Larsson · said 390 times in 76 episodes since 2016 · across every show →

Mentions by year

brought up most by Nathan Latka (370), Spencer Kuhn (5), Tanner Larsson (4), Nitin Verma (4), Mark Abbott (2), George Revutsky (2), Chuck Sillari (1), Chris Doyle (1)

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2023 1 mention in 1 episode
2022 9 mentions in 2 episodes 5 per episode
2021 8 mentions in 2 episodes 4 per episode
2020 18 mentions in 4 episodes 5 per episode
2019 10 mentions in 9 episodes 1 per episode
2018 194 mentions in 31 episodes 6 per episode
2017 143 mentions in 24 episodes 6 per episode
2016 7 mentions in 3 episodes 2 per episode

every mention, scene by scene, with the transcript →

Everything said about Hotjar, oldest first

Nov 17, 2016 positive
Disclosure
TrueGunner gets major conversion lifts from Hotjar session recordings
“We Hotjar every page, figure out what's going on. That's where we get some of our biggest lifts.”
Tanner Larsson Nov 17, 2016 ▶ 12:10 EP 481: 4400 Flashlights Sold, $79 Price, $23 COGS, 55% Net Margin with TrueGunner CEO Tanner Larsson
Feb 2, 2017 neutral
Insight
Hotjar allocates budgets via target profit margins rather than fixed sums
“Instead of kind of having a budget model, we have kind of an investment target model. So what we do is we've decided this is the certain, this is the margin that we're aiming for in the company, and then the rest of that is, is attributed in terms of percentag…”
David Darmanin Feb 2, 2017 ▶ 18:35 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017
Assertion Not checkable as stated
Hotjar's net churn is half its gross churn due to expansion
“Our net churn, that is like half our customer churn. So essentially what's happening is we're dropping the smaller customers, but we are retaining and expanding the bigger customers.”
David Darmanin Feb 2, 2017 ▶ 10:57 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017 bullish
Assertion Not checkable as stated
Hotjar serves 10,000 paying customers across 180,000 websites
“So we are serving just over 10,000 customers. And yeah, you mentioned how many sites. So it's around a 180,000 now running hard job.”
David Darmanin Feb 2, 2017 ▶ 6:33 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017
Assertion Not checkable as stated
Hotjar's free-to-paid conversion grows from 2% to 9% by month eight
“In the first month that someone signs up, we see roughly a conversion of two percent. And then over, let's say six, seven, eight months, it goes all the way up. It fluctuates anywhere in the region of eight percent, nine percent.”
David Darmanin Feb 2, 2017 ▶ 13:39 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017
Assertion Supported
Hotjar reconstructs user sessions via HTML rather than recording video
“From a privacy aspect point of view it's not really a video, right? So we're kind of recreating the HTML of what's being done. And in fact, we were super careful to avoid any like sensitive data or stuff that's shown”
David Darmanin Feb 2, 2017 ▶ 4:04 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017
Assertion Not checkable as stated
Hotjar's monthly customer churn rate is slightly over 5%
“So let's say the customer churn is just slightly over five, right?”
David Darmanin Feb 2, 2017 ▶ 11:27 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017 positive
Insight
Staying bootstrapped removes pressure to prematurely monetize a freemium community
“We've been approached by VC firms, we've received offers, but we like to think that it's an advantage for us to not take funding for now, purely because it removes any pressure for us to monetize that freemium, that community model that we have, right?”
David Darmanin Feb 2, 2017 ▶ 16:57 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017 bullish
Assertion Not checkable as stated
Hotjar doubled its annual revenue run rate to €6M
“Yes. We're pretty much double that now.”
David Darmanin Feb 2, 2017 ▶ 7:34 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017
Disclosure
Hotjar reached its current scale entirely bootstrapped without outside capital
“We're bootstrapped.”
David Darmanin Feb 2, 2017 ▶ 16:17 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017
Disclosure
Hotjar has an eight-person leadership team for roughly 22 employees
“So we're roughly around 22 people now. And the leadership team, we're eight.”
David Darmanin Feb 2, 2017 ▶ 8:19 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017
Assertion Not checkable as stated
Hotjar's customer acquisition cost ranges between $35 and $70
“No, I think the range would be something in the range between maybe 35 to 70.”
David Darmanin Feb 2, 2017 ▶ 15:18 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017 neutral
Disclosure
Hotjar CEO David Darmanin says future fundraising is likely
“Will we raise in the future? I'd say the probability is more on the yes side.”
David Darmanin Feb 2, 2017 ▶ 17:20 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Feb 2, 2017 positive
Assertion Not checkable as stated
Hotjar's average revenue per user is just under €50 per month
“We're just shy of the 50 euro range. So it's relatively low. We are a volume company, but that's typical when you do freemium. But if we do well, we expect that number to constantly go up. So when we started, it was in the 30 euro range.”
David Darmanin Feb 2, 2017 ▶ 5:57 EP 558: 2 yr Old HotJar Passes $500k MRR Helping 10,000 Customers See What Website Visitors Are Doing with CEO David Darmanin
Jun 1, 2019 negative
Insight
Bolt: Automated analytics cannot replace direct human observation in UX design
“A lot of these tools like hot chair and even user testing to a certain extent, although they're very human focused, they're automating that feedback loop and you need to have humans watching humans use computers to really complete the design process.”
Nate Bolt Jun 1, 2019 ▶ 5:12 1407 Ex Facebook Now Happily Bootstrapping in UX Research Tool Space Past $125k in MRR
Sep 28, 2021
Assertion Contradicted
De la Nuez estimates Hotjar's revenue was $10M to $20M
“Based on what I knew and the fact that a hot jar was much more focused on SMB, you know, I think they probably were somewhere in the 10 to twenty million is my guess.”
Alfonso de la Nuez Sep 28, 2021 ▶ 8:01 UserZoom Eye's 2022 IPO, $100m Run Rate in User Experience Management Space
Sep 4, 2022 neutral
Disclosure
UserZoom passed on acquiring Hotjar due to its analytics focus
“No, no, because Hotjar, again, is analytics. Hotjar would be the basic tool that you need to understand what's happening with your website, right? So you know, you have Google Analytics, you have Pendo, you have Hotjar doing some things and some behavior with …”
Alfonso de la Nuez Sep 4, 2022 ▶ 8:16 Look Back: UserZoom Eye's 2022 IPO, $100m Run Rate in User Experience Management Space
Sep 4, 2022 neutral
Assertion Contradicted
De la Nuez estimates Hotjar had $10M-$20M revenue at acquisition
“Based on what I knew and the fact that a hot jar was much more focused on SMB, you know, I think they probably were somewhere in the 10 to twenty million is my guess.”
Alfonso de la Nuez Sep 4, 2022 ▶ 8:06 Look Back: UserZoom Eye's 2022 IPO, $100m Run Rate in User Experience Management Space
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