Disclosure certainty 4/5 debate potential 2/5

Rafner: Abstract pays two Indian SEO specialists just $1,000 monthly combined

Greg Rafner · $25m Gong Acquisition? New Founder Hits $2m Run Rate in 5 Months · Mar 29, 2022 · at 18:21

Greg Rafner, founder of conversational intelligence startup Abstract, details his lean offshore contractor expenses to Nathan Latka.

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“And I mean, I combined pay them a thousand dollars a month.”

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More from Greg Rafner

Opinion
Rafner: Gong is an airplane black box that won't save sales
“Gong is like finding the black box after the plane's already gone down, tells you what went wrong, tells you what happened, but it does nothing to actually kind of stop losing the opportunity.”
Greg Rafner Mar 29, 2022 ▶ 1:58 $25m Gong Acquisition? New Founder Hits $2m Run Rate in 5 Months
Disclosure
Rafner: Abstract kept seed valuation cap flat at $4M
“So we did a, we kept it at four million dollars. I essentially just decreased the interest rate a little bit and kept the value cap the same.”
Greg Rafner Mar 29, 2022 ▶ 8:48 $25m Gong Acquisition? New Founder Hits $2m Run Rate in 5 Months
Assertion Not checkable as stated
Greg Rafner: Abstract maintains a seven-day sales cycle
“And so when they see it it's, we have a seven day sales cycle.”
Greg Rafner Mar 29, 2022 ▶ 10:50 $25m Gong Acquisition? New Founder Hits $2m Run Rate in 5 Months
Disclosure
Rafner: Abstract Gave Single-Digit Equity to Venture Studio to Build MVP
“No, no, just I mean, single digit equity percentage. So come on and build a product.”
Greg Rafner Mar 29, 2022 ▶ 16:38 $25m Gong Acquisition? New Founder Hits $2m Run Rate in 5 Months
Disclosure
Rafner: I would sell Abstract to Gong today for $25M cash
“I mean, just come bring me on board for three years and let me run the product.”
Greg Rafner Mar 29, 2022 ▶ 21:19 $25m Gong Acquisition? New Founder Hits $2m Run Rate in 5 Months
Assertion Not checkable as stated
Rafner: Abstract charges $100 monthly per user with 15-16 seats average
“A hundred dollars per user per month. And our average customer has about 15, 16 number, 16 seats in the product.”
Greg Rafner Mar 29, 2022 ▶ 4:43 $25m Gong Acquisition? New Founder Hits $2m Run Rate in 5 Months
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