Sheth: RecruiterBox was at roughly $2.8 million ARR in early 2017
Raj Sheth · 957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space · Mar 8, 2018 · at 4:10
Raj Sheth, co-founder of RecruiterBox, shares year-over-year revenue growth figures with Nathan Latka.
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“So a year ago, we were roughly at about 2.8.”
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More from Raj Sheth
Sheth: RecruiterBox is the best self-serve product and competitors suck
“The competitors suck. I mean, on, in the self-serve category, I think we are the best product.”
Sheth refuses to force RecruiterBox legacy monthly users onto annual plans
“I just, we kind of made them a promise six years ago. Now I don't want to go back on it.”
Sheth: RecruiterBox will only raise capital if cash becomes a bottleneck
“We should only raise money if money becomes a bottleneck to what we truly need to do. And right now it seems like we are fine and it's just taught us to be more efficient.”
Sheth: Applicant tracking SaaS lacks constant utility of payroll or accounting
“And the thing is that we realized that an applicant tracking software is not like an accounting or payroll software. See, every five-person company, even if, like, let's say you have four, five, or 10 people working with you definitely need a payroll software.…”
Sheth: Ad efficiency tapers off non-linearly as spend increases
“The efficiency of ads tapers off over time and over, over dollar amounts. So it's not like 30 plus 30 is 60 and 60 plus 60 is one point. It doesn't add up that way.”
Sheth: RecruiterBox hires new AEs only when demo capacity is strained
“In fact, the math is that only when we are consistently hitting One, 20, like consistently hitting over a hundred demos, we'll add that 30. Consistently hitting over a 140 demos, we'll add that 40. So we will let it break at the seams a little bit.”