Hubstaff

24 statements across 2 episodes · 9 bullish · 3 bearish · 1 people on the record · first statement Jun 22, 2016 by Dave Nevogt · said 29 times in 3 episodes since 2016 · across every show →

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Everything said about Hubstaff, oldest first

Jun 22, 2016
Disclosure
Nevogt: Hubstaff Founders Invested $26k Each in 50/50 Partnership
“26,000. So my partner and I are in 50 50 partners. So he put, you know, the same amount.”
Dave Nevogt Jun 22, 2016 ▶ 2:05 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016
Disclosure
Hubstaff Uses Shotgun Clause to Resolve 50/50 Founder Deadlocks
“I think that, you know, to make a long answer short, we have the shotgun clause in our contracts.”
Dave Nevogt Jun 22, 2016 ▶ 2:52 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016 neutral
Assertion Supported
Nevogt: Hubstaff customer lifetime value is around $660
“So like lifetime value, I think is around like, it jumps around a little bit on their metrics, but I think it's around 660 right now.”
Dave Nevogt Jun 22, 2016 ▶ 9:11 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016 positive
Disclosure
Dave Nevogt: Hubstaff founders intend to stay bootstrapped to $4M-$5M revenue
“Oh, well, Jared and I, luckily we're on the same page here again, but we want to stay bootstrapped. We want to stay, we believe that like, if we can build this business up to like, you know, four or five million annual, And, you know, just live our lives the w…”
Dave Nevogt Jun 22, 2016 ▶ 16:14 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016
Assertion Not checkable as stated
Nevogt: Average Hubstaff customer pays $34 per month
“Average customers paying us 34 dollars a month.”
Dave Nevogt Jun 22, 2016 ▶ 5:32 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016 positive
Assertion Not publicly verifiable
Nevogt: Hubstaff customer churn rate is approximately 3.9%
“Churn right now is we're happy with churn right now. It's like 3.9%.”
Dave Nevogt Jun 22, 2016 ▶ 8:44 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016
Assertion Not checkable as stated
Hubstaff reached 2,600 paying customers by March 2016
“Man, we have, I think, you know, 2600.”
Dave Nevogt Jun 22, 2016 ▶ 4:19 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016
Assertion Supported
Dave Nevogt: Hubstaff generated approximately $675K in 2015 revenue
“20 15 revenue. If I remember right, we were at about like 675, something like that.”
Dave Nevogt Jun 22, 2016 ▶ 15:58 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016 positive
Assertion Not checkable as stated
Nevogt: Hubstaff homepage converts about 7% of visitors into free trials
“So well, I do know that we are converting, the homepage is converting about like, seven percent right now.”
Dave Nevogt Jun 22, 2016 ▶ 12:58 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016 positive
Assertion Not checkable as stated
Nevogt: Hubstaff customer acquisition cost is approximately $90
“We're lucky right now. It's like at like 90.”
Dave Nevogt Jun 22, 2016 ▶ 10:54 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016
Assertion Not checkable as stated
Nevogt: Hubstaff monthly contractor payroll is about $46,000 excluding founders
“So we're at like 40, I think we're like 46,000, but that doesn't include Jared and I.”
Dave Nevogt Jun 22, 2016 ▶ 7:17 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016
Assertion Not checkable as stated
Nevogt: 33% of Hubstaff customers choose the $9 premium plan
“So right now, like 33% choose the premium plan, nine dollar a month.”
Dave Nevogt Jun 22, 2016 ▶ 5:51 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Jun 22, 2016 positive
Assertion Partly supported
Nevogt: Hubstaff adds $5k-$6k in MRR and 270 customers monthly
“We're adding about five or 6000 a month in MRR. So number of customers, like, 270.”
Dave Nevogt Jun 22, 2016 ▶ 8:04 He's 36 Year Old SaaS Dad of 2, Gets 8+ Hours of Sleep, Business Did $640k in 2015, EP 312: Dave Nevogt
Oct 28, 2018 negative
Disclosure
Hubstaff failed to scale paid ads despite hiring five consultants
“We've tried everything. It seems like we've tried everything. I've tried about five different consultants. We've tried Facebook. We've tried AdWords and you know, it's not like things are terrible. It's just their channel. We have not been able to scale anythi…”
Dave Nevogt Oct 28, 2018 ▶ 3:23 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018 bullish
Disclosure
Hubstaff aims to double its revenue this year to $6M ARR
“So for example, like our goal this year is to double again. So to six, so that's why it gets very close.”
Dave Nevogt Oct 28, 2018 ▶ 12:48 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018 negative
Disclosure
Hubstaff remains entirely owned by its two co-founders
“Two of us own it right now, and if we get another party involved, you know, I don't know. It's just not very, it's not totally appealing to us.”
Dave Nevogt Oct 28, 2018 ▶ 16:22 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018
Assertion Not checkable as stated
Hubstaff estimates its customer lifetime value is roughly $700
“Yeah, about 700.”
Dave Nevogt Oct 28, 2018 ▶ 5:56 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018 bullish
Disclosure
Hubstaff hits $3.8M ARR and 7,000 customers with zero funding
“Yeah, so still no funding still bootstrapped we're at about three point, you know, 3.8 million AR now a little over 7000 customers and,”
Dave Nevogt Oct 28, 2018 ▶ 1:58 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018 neutral
Assertion Not checkable as stated
Half of Hubstaff's 7,000 customers are located outside the United States
“I mean, like, for example, like, 50% of our customers are out of the US, so you've got that going on.”
Dave Nevogt Oct 28, 2018 ▶ 9:28 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018
Assertion Not checkable as stated
Hubstaff achieves a customer acquisition payback period of 2.5 months
“Two and a half. Yeah. And that's been comfortable for us.”
Dave Nevogt Oct 28, 2018 ▶ 6:22 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018 positive
Assertion Not checkable as stated
GPS and app tracking features drive Hubstaff's expansion and upsell revenue
“Probably like app, app, app tracking, that kind of thing, where locations, that kind of thing. So where like locations would be a good example, like GPS locations where, you know, where a construction company, for example, can make sure that, that one of their…”
Dave Nevogt Oct 28, 2018 ▶ 7:56 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018 bearish
Opinion
Dave Nevogt believes Hubstaff cannot reduce its 6% monthly churn rate
“I don't think we can bring it down.”
Dave Nevogt Oct 28, 2018 ▶ 9:17 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018
Assertion Not checkable as stated
Hubstaff maintains a fully weighted customer acquisition cost of $100
“I mean, it's like a hundred bucks right now.”
Dave Nevogt Oct 28, 2018 ▶ 5:27 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
Oct 28, 2018 positive
Disclosure
Trello and Asana integrations drive the most partnership volume for Hubstaff
“I wouldn't say as a whole, it's significant, but you know, for us, you've got the freebies, like, you know, you've got Trello, you've got a sauna, you've got, you know, that kind of thing. That's the most for us just because of the volume.”
Dave Nevogt Oct 28, 2018 ▶ 15:15 1191 How Bootstrapped Time Tracking CEO Drives 100% yoy Growth, $3.8m in ARR
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