Assertion certainty 4/5 debate potential 1/5

Vetter: HRForecast has been profitable since inception

Chris Vetter · HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits · Jun 4, 2021 · at 14:41

Chris Vetter, co-founder of HRForecast, explains the company's financial model and self-funded growth approach to Nathan Latka.

0:00 / 0:04exact quote · 5.0s
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“We've been profitable ever since because that's how we how we grow.”

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More from Chris Vetter

Opinion
Chris Vetter says current tech startup valuations are extreme and crazy
“Well, these sums that you hear from like the investment volumes you see, and then the calculated values of companies here nowadays, it's kind of extreme. It's a bit crazy. So I don't really believe in the, in these valuations. I think the true value is sometim…”
Chris Vetter Jun 4, 2021 ▶ 16:07 HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits
Assertion Not checkable as stated
HRForecast customers pay €20k to €200k annually on average
“We usually talk about yearly revenues rather than monthly revenues, and it would be between Well, 20 to 200,000 per company on average.”
Chris Vetter Jun 4, 2021 ▶ 3:53 HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits
Assertion Not checkable as stated
HRForecast's largest contract is €300,000 per year
“Unfortunately, no, it's 300,000 euros.”
Chris Vetter Jun 4, 2021 ▶ 4:22 HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits
Disclosure
Vetter: HRForecast has never raised outside capital
“No, we have not raised capital.”
Chris Vetter Jun 4, 2021 ▶ 7:04 HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits
Assertion Not checkable as stated
Vetter: 70% to 80% of New Clients Come From Account Expansion
“No, actually now we know that it's about 70 to 80% of success management. So we work mostly, mostly with really large global companies and obviously If you know, if you have one touch point, you can get many, many more, right? They're global, different locati…”
Chris Vetter Jun 4, 2021 ▶ 8:12 HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits
Assertion Not checkable as stated
Vetter: HRForecast grew revenue by 50% last year
“I mean, we have grown 50% last year, so .”
Chris Vetter Jun 4, 2021 ▶ 13:17 HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits
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