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Ali Magyar

Operating Partner, Elevate Capital · 1 appearance on the record.

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founderexecutiveinvestoroperator@alliemagyar ↗LinkedIn ↗elevate.vc ↗

Ali Magyar is the founder and former CEO of Hubb, an event management platform acquired by Intrado in 2021. Following the acquisition, she served as Chief Product Officer at Notified and became an Operating Partner at Elevate Capital.

12statements → 7claims → 1claims resolved → 4/5average certainty → 1.17/5average debate potential →

1 supported 0 partly supported 0 contradicted 6 not checkable as stated how the 7 claims stand · each chip opens the sources

7 assertions · 1 insight · 4 disclosures · every statement was checked. The predictions and assertions are the 7 claims: statements the public record can support or contradict. 1 is resolved, and 6 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Ali argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Hub raised $13M across Series A, Series B, and founder capital
“So no, we've done our series A and our series B plus the original investment that I did. So total would be thirteen million between all of those.”
Ali Magyar Oct 30, 2019 ▶ 8:29 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services

Everything Ali Magyar said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Magyar: Events Need 50+ Speakers or Sponsors to Justify Automation Software
“Hub is a good fit for anyone that has 50 or more speakers, sessions, sponsors. So if you have less than that, you really can handle the automation yourself. It's not that complex.”
Ali Magyar Oct 30, 2019 ▶ 3:30 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Assertion Not checkable as stated
Magyar: 25% of Hub's Business Is Services and 75% Is Pure SaaS
“25% of our business is in In professional services, and the 75% is in pure SaaS, so.”
Ali Magyar Oct 30, 2019 ▶ 4:29 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Assertion Not checkable as stated
Magyar: Hub's ACV Is Roughly $20,000
“Our ACV is roughly around 20,000 right now.”
Ali Magyar Oct 30, 2019 ▶ 3:03 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Assertion Not checkable as stated
Hub generated $650,000 across 21 paying customers in its first year
“So in 2015, we did our proof of concept, and so we went to market, and in the first year, we ended with 21 paying customers, about 650,000 in revenue, and I realized there definitely was market traction and market adoption.”
Ali Magyar Oct 30, 2019 ▶ 5:43 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Disclosure
Magyar: Bootstrapped Hub using $3M of agency cashflow
“So I did use agency cash to be able to fund that three million dollars, but there wasn't any expenses for the agency that I would have been receiving professional services for as a part of that three million.”
Ali Magyar Oct 30, 2019 ▶ 6:56 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Assertion Not checkable as stated
Magyar: About 90% of Hub's customers are on pure ARR
“The majority of them are on more of our ARR plan versus the one-time event. So about 90% of our customers are on pure ARR.”
Ali Magyar Oct 30, 2019 ▶ 7:28 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Assertion Supported
Hub raised $13M across Series A, Series B, and founder capital
“So no, we've done our series A and our series B plus the original investment that I did. So total would be thirteen million between all of those.”
Ali Magyar Oct 30, 2019 ▶ 8:29 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Disclosure
Ali Magyar: Hub Sees 80% Gross Retention on SaaS Platform
“On the SaaS platform, we're about 80% retention. So about 20% churn.”
Ali Magyar Oct 30, 2019 ▶ 10:24 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Disclosure
Ali Magyar: Hub Reaches Approximately 110% Net Revenue Retention
“Yeah, net revenue retention, we're about a 110% right now.”
Ali Magyar Oct 30, 2019 ▶ 10:56 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Assertion Not checkable as stated
Hub has doubled revenue every year since launching in 2015
“We've doubled every year in revenue that since we've been in market in 2015.”
Ali Magyar Oct 30, 2019 ▶ 11:55 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Disclosure
Hub acquires SaaS customers for $5,000 to $6,000 in CAC
“Our customer acquisition costs are they vary between five and six grand this year based on the different campaigns that we're doing, but we have a pretty low cap.”
Ali Magyar Oct 30, 2019 ▶ 12:46 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services
Assertion Not checkable as stated
Magyar: Hub has about 125 total customers
“We're about a 125 customers today.”
Ali Magyar Oct 30, 2019 ▶ 7:19 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services

Appearances (1)

EpisodeDateSpeaking time
1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professi Oct 30, 2019 8m
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