Rod Danan, founder of Prentus, discusses the financial loss from his previous startup attempt, Dananza, an influencer marketplace for local businesses.
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“In total. I spent 90 K between contractors and then employees and, you know, kind of went down the drain, but it was lessons, you know, all that put me on the path to build this.”
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More from Rod Danan
Disclosure
Prentus allows client startups to offer unpaid internships
“So we only work with, you know, startups that have a mentor. So these interns are mainly looking for mentorship. We do have, you know, some startups do pay them, but some startups don't. It depends on their kind of level. So it's up to the business to decide o…”
Rod DananSep 16, 2020▶ 2:43Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID
Insight
Danan: Sourcing bootcamp talent is easy due to urgent entry-level demand
“So on the unsupply side, like, it's actually kind of easy because, you know, a lot of boot camp grads, they come out and getting that first job is really tough because they don't have experience. So they're all looking for this. There's a lot of supply.”
Rod DananSep 16, 2020▶ 5:53Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID
Disclosure
Danan funded failed startup with 401(k), savings, and credit cards
“It was for one K was savings from my other, my previous job. And then also a lot of credit card debt, which I do not recommend knowing that.”
Rod DananSep 16, 2020▶ 11:08Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID
Disclosure
Prentus charges $1,500 upfront and $1,500 upon permanent hire
“So we do intern to perm basically as the goal. So a business comes to us, they pay for the hiring fee, you can call it. It's per intern and we charge 1500 dollars for that. And then they work it up for three months. And if they want to hire the intern, then yo…”
Rod DananSep 16, 2020▶ 2:04Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID
Disclosure
Prentus raised placement pricing from $100 to $1,500
“Well, so we built up, like, I initially, the first company was a hundred dollars. You know, we're just trying to get, you know, internships started. That way we can get testimonials, which will boost revenue in the future. And then from there, we went to four …”
Rod DananSep 16, 2020▶ 4:01Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID
AssertionNot checkable as stated
Eight paying companies have used Prentus
“It's been eight companies now.”
Rod DananSep 16, 2020▶ 4:37Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID
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