ReferraGig

9 statements across 1 episodes · 0 bullish · 2 bearish · 2 people on the record · first statement Apr 25, 2020 by Scott Weiss · said 17 times in 1 episodes since 2020 · across every show →

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brought up most by Nathan Latka (14), Scott Weiss (3)

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2020 17 mentions in 1 episode

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Everything said about ReferraGig, oldest first

Apr 25, 2020
Disclosure
Weiss partnered with his technical co-founder on a 50/50 equity split
“About two and a half years ago, him and I partnered up, and he came on board, fifty-fifty.”
Scott Weiss Apr 25, 2020 ▶ 5:43 1736 He'll Never Win Unless He Shuts Down Agency
Apr 25, 2020
Disclosure
ReferraGig prices its software between $200 and $1,500 monthly
“So on average per month, it'll go anywhere from. 200 dollars a month for a real small business up to, you know, a 1015 hundred dollars a month for a larger size company.”
Scott Weiss Apr 25, 2020 ▶ 3:21 1736 He'll Never Win Unless He Shuts Down Agency
Apr 25, 2020 neutral
Assertion Not checkable as stated
ReferraGig has five or six paying customers
“We're about five or six paying customers.”
Scott Weiss Apr 25, 2020 ▶ 6:20 1736 He'll Never Win Unless He Shuts Down Agency
Apr 25, 2020 negative
Assertion Not checkable as stated
ReferraGig loses customers to faster-innovating VC-funded rivals
“When you look at the companies that are in our space that have raised money they're innovating at a much faster rate than us. We do lose customers to them because in many cases we can't keep up with their development cycles”
Scott Weiss Apr 25, 2020 ▶ 8:31 1736 He'll Never Win Unless He Shuts Down Agency
Apr 25, 2020
Insight
Perfect market data would attract universal competition and erode all profits
“If data was perfect, and the world knew that this exact tool, if you build it was a billion dollar tool, everyone would do it. And the competition would erode all profits. The mere function of what you just described will never exist because if it, if perfect …”
Nathan Latka Apr 25, 2020 ▶ 16:48 1736 He'll Never Win Unless He Shuts Down Agency
Apr 25, 2020 negative
Disclosure
Weiss is hesitant to go full-time on ReferraGig
“What I'm trying to do is replace myself with the software, but yet here I am not really willing to go all in with that.”
Scott Weiss Apr 25, 2020 ▶ 20:50 1736 He'll Never Win Unless He Shuts Down Agency
Apr 25, 2020
Disclosure
Weiss invested $30K to $40K of personal capital to launch ReferraGig
“All said and done, probably we got it started. I was probably about 30 or 40,000 dollars in of my own money.”
Scott Weiss Apr 25, 2020 ▶ 5:17 1736 He'll Never Win Unless He Shuts Down Agency
Apr 25, 2020 neutral
Disclosure
Weiss generates 95% of his income from his recruiting agency
“I'm spending probably 95% of my time selling My agency business, which is where I generate 95% of my income.”
Scott Weiss Apr 25, 2020 ▶ 14:23 1736 He'll Never Win Unless He Shuts Down Agency
Apr 25, 2020
Disclosure
ReferraGig has raised no outside capital
“No capital raised.”
Scott Weiss Apr 25, 2020 ▶ 5:26 1736 He'll Never Win Unless He Shuts Down Agency
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