Jobscience

16 statements across 2 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Jun 2, 2018 by Ted Elliott · said 31 times in 3 episodes since 2018 · across every show →

Mentions by year

brought up most by Nathan Latka (19), Ted Elliott (12)

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2021 21 mentions in 1 episode
2019 1 mention in 1 episode
2018 9 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Jobscience, oldest first

Jun 2, 2018
Assertion Not checkable as stated
Washington Post, Tribune, and IBM offered $12M for Jobscience in 1999
“And the Washington Post, the Tribune, and IBM offered to buy it from me when it was six kids in my parents' attic with a cocktail napkin. For twelve million dollars.”
Ted Elliott Jun 2, 2018 ▶ 1:31 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018 neutral
Assertion Not checkable as stated
Salesforce has no desire to enter the staffing software vertical
“This is not a space Salesforce wants to be in. And it's a subspace within the space. They don't want to be in the staffing industry. We have new corporate and staffing, but it's still not a space they want to be in.”
Ted Elliott Jun 2, 2018 ▶ 15:56 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018
Assertion Not checkable as stated
Jobscience has 500 customers, with 80% of revenue in top 200
“No, we have about 500 customers but we have about 80% of the revenue weighted to the top 200.”
Ted Elliott Jun 2, 2018 ▶ 9:08 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018 positive
Disclosure
Jobscience replaced almost all of its inbound SDRs with an AI bot
“I actually fired almost all the inbound SDRs we had and I replaced them with something called Conversica, which is a, an AI bot.”
Ted Elliott Jun 2, 2018 ▶ 13:23 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018 neutral
Disclosure
Industry conferences drive less than 25% of Jobscience's deal flow
“Driving less than, you know, 20%, 25% of the deal flow.”
Ted Elliott Jun 2, 2018 ▶ 14:41 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018 positive
Assertion Not checkable as stated
Jobscience maintains annual logo churn of slightly under 12%
“A logo basis is a little less than 12%.”
Ted Elliott Jun 2, 2018 ▶ 9:52 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018 bullish
Assertion Not checkable as stated
Jobscience reached $18M ARR building entirely on the Salesforce platform
“We literally went from zero dollars in sales and sales for today. We're about eighteen million.”
Ted Elliott Jun 2, 2018 ▶ 7:28 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018 neutral
Insight
Only 15% of enterprise staffing buyers are actively purchasing in any year
“In our market, we believe 15 to 16% Of the buyers that we're targeting are in active purchase mode in any given year. We think there's about 2500 buyers in that fit, you know, that, that, that we're targeting what 15 or six, there are 250 buyers, maybe 300 buy…”
Ted Elliott Jun 2, 2018 ▶ 14:45 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018 bullish
Disclosure
Jobscience aims to become a rollup platform within the next year
“We're at an interesting point where I think we have to look at ourselves within a year as a hub for rolling up other companies.”
Ted Elliott Jun 2, 2018 ▶ 17:05 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018
Assertion Not checkable as stated
Jobscience gets 800 monthly inbounds, but mostly unqualified
“What we've seen from using that tool is that we're generating 800 inbound leads a month, but of those 800 inbounds, four or 500 of them were just not even in the right category for us, either the wrong countries or not large enough as a buyer.”
Ted Elliott Jun 2, 2018 ▶ 14:12 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018 positive
Assertion Not checkable as stated
Jobscience operates at Rule of 36 with 33% year-over-year revenue growth
“I'd say we're rule of 36 right now. We have a little EBITDA lots, it's a SaaS business, so there's not lots of nice positive cash flow, but from an EBITDA standpoint you know, you're talking about three, four percent EBITDA, and then 33, Revenue of the busines…”
Ted Elliott Jun 2, 2018 ▶ 7:56 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018
Disclosure
Founder and father funded company via debt with liquidation preference
“My dad and I have provided debt capital to the business occasionally. But it's always been so that we have a preferred position over all the equity in the event of a total shit show.”
Ted Elliott Jun 2, 2018 ▶ 3:45 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018
Assertion Not checkable as stated
Jobscience generates 42% of its revenue outside the United States
“I'm 42% of our revenue comes from outside the United States.”
Ted Elliott Jun 2, 2018 ▶ 10:53 1043 HR Tech CEO: I accidently raised $3m!
Jun 2, 2018
Disclosure
Original 1999 dot-com investors still hold 30% of Jobscience
“So they're with preferred preferences, they're about 30%, but yeah, they, I've carried them the whole time.”
Ted Elliott Jun 2, 2018 ▶ 3:30 1043 HR Tech CEO: I accidently raised $3m!
May 10, 2021 positive
Disclosure
Elliott: Jobscience sold at over 3x multiple while growing 30%
“So that business was growing at 30%. And you know, it was a multiple that was over three. It wasn't a great multiple, but because the ownership was 70%, Myself, my dad, and my sister it was it was a good exit.”
Ted Elliott May 10, 2021 ▶ 4:29 DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders
May 10, 2021 neutral
Assertion Not checkable as stated
Elliott: Jobscience generated roughly $25M in revenue at acquisition
“I think when we sold it, we were doing more like 25.”
Ted Elliott May 10, 2021 ▶ 4:51 DevOps Tool Copado Breaks $400m Valuation, as New CEO Ushers in 100% YoY Growth with Founders
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