Boufarhat: Hopin's pandemic-driven hypergrowth numbers are not sustainable
Johnny Boufarhat · 1758 Funnel Analysis: Online Events Platform $0 to $1.8m in Revenue In 2 Months · May 17, 2020 · at 18:45
Johnny Boufarhat is the founder and CEO of Hopin. In May 2020, he comments on the temporary nature of extreme early COVID usage spikes.
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“None of the numbers that are happening right now in our product are sustainable.”
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More from Johnny Boufarhat
Boufarhat: Hopin will likely be the fastest-growing company in the world
“Whereas with Hopin, I always said, we're probably going to be the fastest growing company in the world when we decide to push out, because we saw the viral effect.”
Boufarhat: Hopin reached $1.8M ARR within three weeks of public access
“And you know, it's been hard to manage it, but in that time, in about three weeks, where I think we're at now, 1.8 million ARR from the car. I mean, I, when I filled in the form with you, it was one.”
Boufarhat: Hopin raised a $7M round from Accel
“We raised a five million pounds around seven million dollars.”
Boufarhat: Hopin's fundraise began in December 2019, before the pandemic
“No, there was nothing. There was, the virus hadn't hit yet. I mean, the process began in December.”