Insight certainty 4/5 debate potential 2/5

Clients will inevitably take successful agency-built products in-house

Greg Reyes · EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz · Oct 13, 2016 · at 12:38

Greg Raiz, founder and CEO of agency Raizlabs, explains the agency business model and why client companies transitioning software teams in-house is a sign of success.

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“Well, we expect them to take it in house. Like if we're successful, then they will take it in house”

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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 Reyes Oct 13, 2016 ▶ 2:45 EP 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 Reyes Oct 13, 2016 ▶ 4:35 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Assertion Supported
Raizlabs generated just under $9 million in revenue in 2015
“I think we were just shy of nine million.”
Greg Reyes Oct 13, 2016 ▶ 4:56 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Prediction Partly held up
Raizlabs projected $13 million to $14 million in 2016 revenue
“We're on track to 13, 14 this year.”
Greg Reyes Oct 13, 2016 ▶ 4:59 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Assertion Not 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 Reyes Oct 13, 2016 ▶ 5:51 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Assertion Not checkable as stated
Raizlabs' monthly headcount expenses range from $800,000 to $900,000
“They're just under a million dollars. So around 800 to 900,000 dollars.”
Greg Reyes Oct 13, 2016 ▶ 8:23 EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
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