iCIMS

includes ICIMS Recruit

23 statements across 3 episodes · 11 bullish · 0 bearish · 2 people on the record · first statement Jul 18, 2017 by Colin Day · said 66 times in 18 episodes since 2017 · across every show →

Mentions by year, the whole family

brought up most by Nathan Latka (56), Colin Day (6), Nikos Moraitakis (3), Daniel Chait (1)

tap a year for its mentions
00203405201720182019202020212022episodesmentions
035201720182019202020212022episodes it came up in
007.52.5155201720182019202020212022episodesmentions per episode
2022 4 mentions in 4 episodes 1 per episode
2021 3 mentions in 3 episodes 1 per episode
2020 3 mentions in 1 episode
2019 6 mentions in 5 episodes 1 per episode
2018 33 mentions in 3 episodes 11 per episode
2017 17 mentions in 2 episodes 9 per episode

every mention, scene by scene, with the transcript →

Everything said about iCIMS, oldest first

Jul 18, 2017 bullish
Assertion Supported
iCIMS is the second largest standalone talent software provider behind Oracle
“We're the largest standalone provider. We're actually number two to Oracle, who bought a company called Taleo”
Colin Day Jul 18, 2017 ▶ 1:58 724: The $70m+ Recruiting Company You've Never Heard Of
Jul 18, 2017
Assertion Not checkable as stated
iCIMS's average contract size is around $30,000 per year
“When you average it all out, I would say that right now it's probably about 30,000 a year.”
Colin Day Jul 18, 2017 ▶ 18:43 724: The $70m+ Recruiting Company You've Never Heard Of
Jul 18, 2017 neutral
Assertion Not checkable as stated
Day: iCIMS pricing ranges from $500 to six figures monthly
“It can start as low as, you know, call it 500 a month, and it can go up to six figures a month.”
Colin Day Jul 18, 2017 ▶ 4:44 724: The $70m+ Recruiting Company You've Never Heard Of
Jul 18, 2017 neutral
Disclosure
iCIMS funding from Susquehanna Growth Equity was entirely secondary liquidity
“We have since brought in a private equity, a growth equity partner called Susquehanna. But all of that was secondary. It was liquidity.”
Colin Day Jul 18, 2017 ▶ 13:15 724: The $70m+ Recruiting Company You've Never Heard Of
Jul 18, 2017
Assertion Not checkable as stated
iCIMS typically breaks even on customer acquisition by year two
“We have taking the return of the CAC plus the CLTV, we typically break even on a deal in year two.”
Colin Day Jul 18, 2017 ▶ 18:29 724: The $70m+ Recruiting Company You've Never Heard Of
Jul 18, 2017 neutral
Assertion Not checkable as stated
iCIMS funded its first two years with $2.5M in debt
“It was sort of bridged as needed. I would call up and get the cash, and it was to the tune overall, over about two years, about two and a half million dollars.”
Colin Day Jul 18, 2017 ▶ 10:46 724: The $70m+ Recruiting Company You've Never Heard Of
Jul 18, 2017 positive
Assertion Not checkable as stated
iCIMS generates more than $8.7M in monthly recurring revenue
“So we're north of that.”
Colin Day Jul 18, 2017 ▶ 19:55 724: The $70m+ Recruiting Company You've Never Heard Of
Jul 18, 2017 positive
Assertion Supported
iCIMS serves slightly over 3,500 enterprise customers
“So we're a little north of about 3500 companies.”
Colin Day Jul 18, 2017 ▶ 2:13 724: The $70m+ Recruiting Company You've Never Heard Of
Dec 10, 2018
Disclosure
iCIMS targets mid-market and enterprise tiers, handing off to Workday and Oracle
“Typically we deal with the upper end of the market. So we call it majors and enterprise majors is typically call it about a hundred employees to 2500 employees. In those cases, we're usually handing off to an ADP an ultimate software, a Ceridian at the high en…”
Colin Day Dec 10, 2018 ▶ 3:01 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018
Assertion Supported
iCIMS has grown its team to over 750 employees
“We are a little bit over 750 now.”
Colin Day Dec 10, 2018 ▶ 17:02 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 positive
Opinion
Colin Day views a two-year CAC payback period as healthy SaaS economics
“I think a two-year payback is, is typically pretty good, and that's a comfortable economic we're looking for.”
Colin Day Dec 10, 2018 ▶ 16:20 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 positive
Assertion Not checkable as stated
iCIMS doubled its average monthly customer spend to $5,000 in two years
“Yeah, we have probably gone from two years ago that the average company paying us 2000 a month to, I would guess, and again, I'm spitballing a little bit here, but I would say in that sort of 5000 a month, four to 5000 a month now.”
Colin Day Dec 10, 2018 ▶ 8:04 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 neutral
Opinion
Colin Day: iCIMS has the metrics to IPO but doesn't need to
“We constantly look at IPO. I think we have all of the metrics, the scale, the growth, the profitability to take a look at that. But the reality is believe it or not, to sort of hit our goals, we're not sure we need to go down that route right now.”
Colin Day Dec 10, 2018 ▶ 9:43 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 bullish
Disclosure
iCIMS is focused on scaling from $200M to $500M in ARR
“We're dead set on trying to figure out, you know, how to move from a kind of two hundred million dollar business to a five hundred million dollar business.”
Colin Day Dec 10, 2018 ▶ 12:24 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018
Disclosure
iCIMS reached $160M ARR without putting primary capital on its balance sheet
“We have an investor. The investor was all secondary. It was all liquidity. So their money did not go into the business. So we'd like to think of it as a entirely bootstrapped company.”
Colin Day Dec 10, 2018 ▶ 4:22 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 bullish
Disclosure
iCIMS is partnering with Google for Jobs to expand into recruitment advertising
“We're working with them heavily. We're building products sort of around them. And I think it's a chance for us to go sort of further up the funnel. So rather than thinking about broadening out downstream into HR, et cetera, we're much more excited about actual…”
Colin Day Dec 10, 2018 ▶ 14:19 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018
Assertion Not checkable as stated
iCIMS serves 3,500 customers, closing in on Oracle Taleo's 5,000-plus
“We're about 3500 customers. I would guess that they're probably north of 5000 customers, but we are growing rapidly.”
Colin Day Dec 10, 2018 ▶ 5:49 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 neutral
Insight
Colin Day: Companies IPO for capital, CEO vanity, or brand exposure
“The best I can come up with is that there's three reasons to IPO, which is you know, need for capital, and you think it's better in the public market than the private market. We don't have that dynamic right now. And then I've been told that the second one is …”
Colin Day Dec 10, 2018 ▶ 10:28 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 bullish
Prediction Held up
iCIMS is targeting over $200M in annual recurring revenue exiting 2018
“Ah, you're in the ballpark. We're looking to certainly go over too.”
Colin Day Dec 10, 2018 ▶ 12:56 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 positive
Assertion Not checkable as stated
iCIMS exited 2017 with over $160M in annual recurring revenue
“We exited 20 17 over a hundred sixty million ARR. So the annual recurring run rate was over a hundred sixty million at the exit of 2017.”
Colin Day Dec 10, 2018 ▶ 3:47 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018 positive
Assertion Supported
iCIMS has secured enterprise customers like Microsoft, Amazon, and Intuit
“We've been signing some very large companies, you know, the Microsofts, the Amazons, the Intuits, et cetera.”
Colin Day Dec 10, 2018 ▶ 7:14 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 10, 2018
Disclosure
iCIMS operates strictly as a pure SaaS talent acquisition platform
“We are a pure SaaS provider and we focus just on the talent acquisition industry, so really end-to-end recruiting from your advertising needs, marketing to passive candidates obviously the applicant tracking the recruiting process straight through to onboardin…”
Colin Day Dec 10, 2018 ▶ 2:29 1234 How He Bootstrapped to $160m in ARR in HR Space
Dec 25, 2018 bullish
Prediction Didn’t hold up
Programmatic advertising will dominate the recruitment ad market within five years
“Programmatic is going to own that market in five years. And it's companies like ours and ICIMS and others that are going to help customers do that.”
Adam Robinson Dec 25, 2018 ▶ 12:34 1249 Hireology Passes $20m in ARR, Helping 5000+ Businesses Hire Better
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