Simons: SoloSuit operates its growing legal tech business with just six people
George Simons · SoloSuit Makes $80k/mo Helping Consumers Fight Bank Debt Collectors · Dec 14, 2021 · at 9:35
George Simons, founder of legal-tech startup SoloSuit, describes the company's total headcount to Nathan Latka.
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“We're just a team of six.”
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More from George Simons
Simons: Raising venture capital actually de-risks a startup for early-stage founders
“I think raising money in my mind is a form of de-risking. A venture. I think some people think that it like increases the risk, but for us, I see it as like a form of de-risking.”
Simons: Over 60% of SoloSuit customers have debt collection cases dismissed
“Around like 60%, even more of the time, Customers cases get dismissed, and they actually win their case just by filing an answer.”
Simons: Recurring revenue is overrated; transactional lawsuit volume is highly predictable
“We think recurring revenue is a little bit overrated. And our revenue, I think is very predictable. People are getting sued at the same rate every month. They have been for decades. So we consider our revenue to be very predictable, even though it isn't techni…”
Simons: 10M Americans are sued for debt annually; 9M lose by default
“Ten million people are sued for debt every year in the US. Nine million of them automatically lose their case because they can't figure out how to respond.”
Simons: SoloSuit is the first platform to automate nationwide court filings
“What we're doing is we are according to my knowledge, like the first and only company that is compiling like a software stack that allows us to calculate the Filing information for different courts and then to file on those courts.”