Greg Raiz, founder and CEO of agency Raizlabs, describes his financial situation when launching the business after leaving Microsoft.
0:00 / 0:04exact quote · 4.7s
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“I had about 15, 20 K from when I left Microsoft, so it wasn't a ton.”
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More from Greg Reyes
Insight
Clients will inevitably take successful agency-built products in-house
“Well, we expect them to take it in house. Like if we're successful, then they will take it in house”
Greg ReyesOct 13, 2016▶ 12:38EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Disclosure
Raizlabs projects range from hundreds of thousands to nearly $1 million
“So our project definitely range in size, but they tend to be anywhere from a couple 100,000 dollars. We have some projects close to a million dollars in size.”
Greg ReyesOct 13, 2016▶ 2:45EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Disclosure
Raizlabs bootstrapped for a decade without raising venture capital
“We've never taken funding”
Greg ReyesOct 13, 2016▶ 4:35EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
AssertionSupported
Raizlabs generated just under $9 million in revenue in 2015
“I think we were just shy of nine million.”
Greg ReyesOct 13, 2016▶ 4:56EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
PredictionPartly held up
Raizlabs projected $13 million to $14 million in 2016 revenue
“We're on track to 13, 14 this year.”
Greg ReyesOct 13, 2016▶ 4:59EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
AssertionNot checkable as stated
Raizlabs has been profitable every year since its inception
“But the company has been profitable every year since, since I started it when I was taking zero salary through, through to today.”
Greg ReyesOct 13, 2016▶ 5:51EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
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