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WorkforceNext

12 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement May 27, 2022 by Gaurav Seth · said 18 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (18)

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2022 18 mentions in 1 episode

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Everything said about WorkforceNext, oldest first

May 27, 2022
Disclosure
Seth: WorkforceNext spends 100k to 200k INR monthly on advertising and outreach
“Approximate, we are spending approximately one to two lakh rupees per month on reaching those people.”
Gaurav Seth May 27, 2022 ▶ 6:40 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022
Disclosure
Gaurav Seth plans to offer his co-founder equity upon raising funds
“I mean, I have particular plan that as soon as we start raising the fund, I will offer him some equity as well.”
Gaurav Seth May 27, 2022 ▶ 11:14 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022
Disclosure
Gaurav Seth owns 100% of WorkforceNext despite having a technical co-founder
“Right now I have a hundred percent of equity.”
Gaurav Seth May 27, 2022 ▶ 10:24 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022 positive
Assertion Not checkable as stated
Gaurav Seth: WorkforceNext has lost only one or two customers since launch
“So we have quite low churn rate right now. So since we started we have one or two customer only drop.”
Gaurav Seth May 27, 2022 ▶ 13:41 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022
Disclosure
Seth: WorkforceNext employs a total of 10 to 11 people
“Total number of people we have right now, 10 to 11 people.”
Gaurav Seth May 27, 2022 ▶ 7:50 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022
Disclosure
WorkforceNext splits all earnings 50/50 with its non-equity technical co-founder
“So yeah, but we have the equal salary model. So whatever we are earning, we are splitting that in equal amount.”
Gaurav Seth May 27, 2022 ▶ 10:45 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022
Assertion Not checkable as stated
Seth: WorkforceNext serves approximately 50 company customers
“Right now we have approximate 50 companies.”
Gaurav Seth May 27, 2022 ▶ 4:40 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022 positive
Assertion Not checkable as stated
Gaurav Seth: WorkforceNext maintains approximately a 70% profit margin
“Yeah, approximately we have a 70% profit in our total account.”
Gaurav Seth May 27, 2022 ▶ 12:38 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022 positive
Assertion Not publicly verifiable
Gaurav Seth says LG uses the WorkforceNext platform
“LG is using our platform and there are some production.”
Gaurav Seth May 27, 2022 ▶ 2:48 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022 bullish
Prediction Not checkable as stated
Seth: WorkforceNext expects to reach 100 customers this financial year
“So in this financial year, we are expecting to double it down. So approximately we will have a hundred customer in this financial year.”
Gaurav Seth May 27, 2022 ▶ 4:59 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022 neutral
Assertion Not checkable as stated
Seth: Average WorkforceNext customer has 90 to 100 employees
“Yeah, every, every customer the average size of company we are handling is people are having 90 to a hundred employees in their organization.”
Gaurav Seth May 27, 2022 ▶ 3:35 Employee time tracking app hits $180,000, founder owns 100%
May 27, 2022 neutral
Disclosure
Gaurav Seth: WorkforceNext charges $3 to $4 per user monthly
“So that's a quite nominal charges on the, that's the SaaS platform and we charge only for three to four dollars per user per month in order to use that platform.”
Gaurav Seth May 27, 2022 ▶ 2:15 Employee time tracking app hits $180,000, founder owns 100%
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