HelloSign holds more cash than its previous $1.5 million funding round
Joseph Walla · EP 517: $3.5M Raised, 6m Users Helping 47k Customers Sign Documents with HelloSign CEO Joseph Walla · Dec 23, 2016 · at 4:01
Joseph Walla, co-founder and CEO of HelloSign, explains the company's cash flow positive state and capital discipline.
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“We have more money in the bank than our, you know, our previous round that we raised.”
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More from Joseph Walla
Raising massive venture rounds often forces startups into damaging cutbacks
“What happens a lot with a lot of startup companies, they raise huge amounts of money, they make big mistakes, and then they pull back dramatically, which is really damaging for the company.”
Fully loaded Silicon Valley headcount costs $10k to $20k monthly per employee
“Generally what you do is as like a rule of thumb, you calculate, you know, 10 to 20 K per person per month, and that's like a fully loaded cost. And so that includes people's salaries you know, health insurance, office costs, snacks, you know, software everyth…”
HelloSign has reached 47,000 monthly paying customers
“We've around 47,000 paying customers. So that's the customers that pay us every month.”
HelloSign has 5 to 6 million registered users across its products
“In terms of our user base, we have, you know, five to six million users across our products.”
HelloSign generates more than $600,000 in monthly recurring revenue
“We're definitely doing more than that.”
Founders gain little upside from publicly sharing core startup metrics
“Yeah, I think that there isn't a lot of upside in sharing really core metrics publicly. I think there are a couple of metrics that we talk about sharing with the public, but I think apart from that, it doesn't make a lot of sense.”