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Raizlabs

12 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Oct 13, 2016 by Greg Reyes · said 20 times in 2 episodes since 2016 · across every show →

Mentions by year

brought up most by Nathan Latka (17), Greg Reyes (3)

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2016 20 mentions in 2 episodes 10 per episode

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Everything said about Raizlabs, oldest first

Oct 13, 2016
Disclosure
Raizlabs bootstrapped for a decade without raising venture capital
“We've never taken funding”
Greg Reyes Oct 13, 2016 ▶ 4:35 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016
Disclosure
Greg Raiz started Raizlabs with $15,000 to $20,000 in personal savings
“I had about 15, 20 K from when I left Microsoft, so it wasn't a ton.”
Greg Reyes Oct 13, 2016 ▶ 7:39 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016
Assertion Not checkable as stated
Raizlabs charged just $15,000 to build the original Runkeeper app
“So I think we charged like 15 K early on and we've certainly sophisticated and matured.”
Greg Reyes Oct 13, 2016 ▶ 13:37 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016 neutral
Insight
Clients will inevitably take successful agency-built products in-house
“Well, we expect them to take it in house. Like if we're successful, then they will take it in house”
Greg Reyes Oct 13, 2016 ▶ 12:38 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016
Assertion Not checkable as stated
None of Raizlabs' internal product spin-offs have crossed $1M in revenue
“Not, not currently. You know, we, we're really concentrating on our services business, but we're, we love product incubation and exploration, but we haven't kind of anchored on a home run with any of those yet.”
Greg Reyes Oct 13, 2016 ▶ 14:52 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016 bullish
Prediction Partly held up
Raizlabs projected $13 million to $14 million in 2016 revenue
“We're on track to 13, 14 this year.”
Greg Reyes Oct 13, 2016 ▶ 4:59 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016 positive
Assertion Not checkable as stated
Raizlabs built an app generating $250 million annually for one client
“I mean, we had one client where we were definitely generating about quarter, quarter billion dollars a year in revenue for them.”
Greg Reyes Oct 13, 2016 ▶ 9:44 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016 positive
Assertion Supported
Raizlabs helped design and launch Runkeeper, reaching up to 40M users
“So we work with them on the design development of that product, helped launch it. Grew to 20 to forty million users, and they raised a bunch of money, they took the project in-house”
Greg Reyes Oct 13, 2016 ▶ 12:18 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016
Assertion Supported
Raizlabs generated just under $9 million in revenue in 2015
“I think we were just shy of nine million.”
Greg Reyes Oct 13, 2016 ▶ 4:56 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016 positive
Assertion Not checkable as stated
Raizlabs has been profitable every year since its inception
“But the company has been profitable every year since, since I started it when I was taking zero salary through, through to today.”
Greg Reyes Oct 13, 2016 ▶ 5:51 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016
Assertion Supported
Raizlabs reached 80 employees across its Boston and Oakland offices
“We're about 80 folks. We have offices in Boston and Oakland, California.”
Greg Reyes Oct 13, 2016 ▶ 5:12 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Oct 13, 2016
Assertion Not checkable as stated
Raizlabs' monthly headcount expenses range from $800,000 to $900,000
“They're just under a million dollars. So around 800 to 900,000 dollars.”
Greg Reyes Oct 13, 2016 ▶ 8:23 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
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