Prediction certainty 3/5 debate potential 1/5

Seth: WorkforceNext expects to reach 100 customers this financial year

Gaurav Seth · Employee time tracking app hits $180,000, founder owns 100% · May 27, 2022 · at 4:59

Gaurav Seth, founder of WorkforceNext, outlines growth forecasts for his bootstrapped workforce management software.

0:00 / 0:09exact quote · 9.7s
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“So in this financial year, we are expecting to double it down. So approximately we will have a hundred customer in this financial year.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Gaurav Seth

Disclosure
Gaurav Seth owns 100% of WorkforceNext despite having a technical co-founder
“Right now I have a hundred percent of equity.”
Gaurav Seth May 27, 2022 ▶ 10:24 Employee time tracking app hits $180,000, founder owns 100%
Disclosure
WorkforceNext splits all earnings 50/50 with its non-equity technical co-founder
“So yeah, but we have the equal salary model. So whatever we are earning, we are splitting that in equal amount.”
Gaurav Seth May 27, 2022 ▶ 10:45 Employee time tracking app hits $180,000, founder owns 100%
Assertion Not checkable as stated
Gaurav Seth: WorkforceNext maintains approximately a 70% profit margin
“Yeah, approximately we have a 70% profit in our total account.”
Gaurav Seth May 27, 2022 ▶ 12:38 Employee time tracking app hits $180,000, founder owns 100%
Assertion Not publicly verifiable
Gaurav Seth says LG uses the WorkforceNext platform
“LG is using our platform and there are some production.”
Gaurav Seth May 27, 2022 ▶ 2:48 Employee time tracking app hits $180,000, founder owns 100%
Disclosure
Gaurav Seth plans to offer his co-founder equity upon raising funds
“I mean, I have particular plan that as soon as we start raising the fund, I will offer him some equity as well.”
Gaurav Seth May 27, 2022 ▶ 11:14 Employee time tracking app hits $180,000, founder owns 100%
Assertion Not checkable as stated
Gaurav Seth: WorkforceNext has lost only one or two customers since launch
“So we have quite low churn rate right now. So since we started we have one or two customer only drop.”
Gaurav Seth May 27, 2022 ▶ 13:41 Employee time tracking app hits $180,000, founder owns 100%
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