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UtilizeCore

10 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Feb 27, 2021 by Ryan Gottfried · said 8 times in 1 episodes since 2021 · across every show →

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brought up most by Nathan Latka (8)

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2021 8 mentions in 1 episode

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Everything said about UtilizeCore, oldest first

Feb 27, 2021
Disclosure
UtilizeCore sales reps earn over $200K when hitting quota
“If you hit your quota, you'll make over 200,000.”
Ryan Gottfried Feb 27, 2021 ▶ 13:21 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021
Disclosure
UtilizeCore charges a $33K annual fee plus 0.5% per transaction
“We, it's 33,000 dollars for the subscription for the year. We, it's a one-time fee, and then we charge per transaction. We take a half a percent per transaction that goes through the platform.”
Ryan Gottfried Feb 27, 2021 ▶ 4:22 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021 bullish
Prediction Not checkable as stated
UtilizeCore expects to process $1B in transaction volume over 12 months
“We're estimating close to a billion dollars of you know, processing through the platform in the next, you know 12 months or so.”
Ryan Gottfried Feb 27, 2021 ▶ 7:46 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021
Disclosure
UtilizeCore operates a 52-person team on a 30/70 offshore model
“We have 52. So right now we are international. We have a, we run a thirty-seventy Onshore, offshore model. So we leverage Mumbai as well as Costa Rica. Costa Rica for the product design And then engineering takes place in India”
Ryan Gottfried Feb 27, 2021 ▶ 12:05 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021 bullish
Disclosure
UtilizeCore is raising $5M to $7M to accelerate growth
“We think we're going to need, you know, five, seven plus million, you know, to really see growth.”
Ryan Gottfried Feb 27, 2021 ▶ 9:22 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021
Assertion Not checkable as stated
Gottfried: UtilizeCore has over 20 paying service management clients
“Over 20 companies today.”
Ryan Gottfried Feb 27, 2021 ▶ 4:16 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021
Disclosure
UtilizeCore sets a $750K new ARR quota for sales reps
“Roughly 750,000.”
Ryan Gottfried Feb 27, 2021 ▶ 12:54 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021
Disclosure
Gottfried: UtilizeCore has been entirely bootstrapped
“Absolutely. All bootstrapped.”
Ryan Gottfried Feb 27, 2021 ▶ 8:13 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021
Assertion Not checkable as stated
Gottfried: UtilizeCore grew transaction revenue from $150K in 2017 to $1.6M in 2020
“So, 2020, one, six 2019 was seven, around 700,000. 2018 was, you know, roughly 300,000, and then 2017 was around a 150,000.”
Ryan Gottfried Feb 27, 2021 ▶ 6:24 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
Feb 27, 2021
Assertion Not checkable as stated
Gottfried: Brightview processed $250M through UtilizeCore
“Brightview processed two hundred and fifty million through our platform.”
Ryan Gottfried Feb 27, 2021 ▶ 7:09 Niche $2m Contractor Management SaaS Raising $7m on $30m Pre
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