Assertion Not checkable as stated
Myers: RippleMatch outperforms human recruiters, noting Google's 1,000-person sourcing team
“Google alone employs a thousand internal sourcers, and we are matching at a more effective rate than the average human recruiter, and it's, you know, all tech-driven, so that's been really powerful, and I think a lot of why those early results have been good.”
Disclosure
Myers: Ripple would reject a $10 million acquisition offer
“I think we definitely wouldn't.”
Opinion
Myers: Ripple's platform is already more powerful than LinkedIn for students
“I think I really believe we can build a system that's way more, I mean, it's already way more powerful than what LinkedIn has.”
Assertion Not checkable as stated
Myers: LinkedIn has only 3% to 5% of Ivy League resumes
“LinkedIn only has about three to five percent of Ivy League resumes on their platform.”
Insight
Myers: Traditional campus recruiting harms diversity and candidate quality
“The challenge is that you're recruiting from a really, really limited subset of students, and you're not actively able to win over the best candidates on each campus, which is terrible for diversity, terrible for winning over the very best candidates possible.”
Assertion Not checkable as stated
Myers: 60% of RippleMatch Candidate Matches Secure First-Round Interviews
“60% of the candidates that we connect with companies end up getting a first round interview.”
Assertion Not checkable as stated
Myers: One in Every 28 RippleMatch Matches Leads to a Hire
“For us, about one in every 28 candidates we match gets hired, which tends to be
You know, really, really superior to the average job board.”
Insight
Myers: Maximizing Series A Valuation Hurts Subsequent Rounds
“I think a lot of companies make the mistake in series a round and sort of grabbing, you know, the biggest valuation they can possibly get away with. And I think that makes it tough in the following rounds.”
Prediction Not checkable as stated
Myers: Ripple can reach 100,000 top US students in one year
“There's absolutely no reason we can't have a 100,000 of the top students in the country on our platform a year from now.”
Assertion Contradicted
Myers: The College Recruiting Market Is Worth $25 Billion
“The college recruiting market's twenty five billion dollars.”
Prediction Not checkable as stated
Myers: Ripple Projects 20,000 Annual Student Hires by 2021
“We think by like, 2021 is kind of what we're putting in our projections right now. We could easily see 20,000 students hired through ripple. And I think that's, you know, the goal we're really working towards annually.”
Assertion Not checkable as stated
Myers: About 80% of RippleMatch revenue comes from annual subscriptions
“About 80% of our revenue is driven through annual subscriptions.”
Assertion Not checkable as stated
Myers: RippleMatch average contract size is $25K-$30K
“We're looking at about an average contract size Of 25, 30 K, our packages typically start at about 20 K for corporate customers”
Assertion Not checkable as stated
Myers: RippleMatch has about 75 paying customers
“We have about 75 paying customers.”
Disclosure
Myers: RippleMatch has 0% customer churn on new annual subscription product
“We actually haven't churned a customer yet on that new product, but it's annual subscriptions, and only a few have come up for renewal, so that's a little bit of an unfair unfair statistic”
Assertion Not checkable as stated
RippleMatch drives 1,000 interviews and up to 150 hires per month
“And so we've been basically averaging about a
A 1001st round interview connections a month this coming year.
So working back into it, I mean, we're seeing probably between, I don't want to say like
A hundred and a 150 candidates get jobs each month on the plat…”
Assertion Not checkable as stated
Myers: RippleMatch's customer acquisition cost is half its annual contract value
“So, I mean, our customer acquisition cost right now has only been
About half of the annual value of the customers we're bringing on.”
Assertion Not checkable as stated
Myers: Ripple Recruiting average contract size is about $300 monthly
“So I might say our average contract size is about 300 dollars a month right now.”
Assertion Not checkable as stated
Myers: Ripple founders accumulated $45k in debt during early days
“We probably by the end, we're close to, you know, 45,000 dollars in debt total.”
Assertion Supported
Myers: Kevin Ryan led Ripple Recruiting's $700k seed round
“So we raised a 700,000 dollar seed round, which Kevin Ryan, who founded MongoDB and Gilt and has done a lot in the tech space in New York actually led.”
Assertion Not checkable as stated
Myers: Over 10% of Ivy League undergrads are on Ripple Recruiting
“We've had 8000 Ivy League students sign up for the platform. I mean, over 10% of Ivy League undergrads have their resumes on Ripple at this point.”
Assertion Not checkable as stated
Myers: Ripple Recruiting Has About 10,000 Students on Platform
“So we have about 10 K total on the platform, sort of early weeks of expansion.”
Assertion Partly supported
Myers: Teach for America and MassMutual Are Ripple Clients
“When you look at Teach for America, you look at Venture for America, you've got Mass Mutual, Cardinal Health, a lot of our bigger clients. I mean, these are massive companies that are getting huge value from the platform.”
Assertion Not publicly verifiable
Myers: Ripple subscription pricing ranges from $95 to $795 per month
“So the light package on a monthly basis is 95 dollars and then the premium is 795 dollars.”
