Disclosure certainty 4/5 debate potential 1/5

Danan: Spent $90k on contractors and employees for failed first startup

Rod Danan · Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID · Sep 16, 2020 · at 10:32

Rod Danan, founder of Prentus, discusses the financial loss from his previous startup attempt, Dananza, an influencer marketplace for local businesses.

0:00 / 0:10exact quote · 10.6s
720p mp4 · rendered on demand · StarZero watermark
“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.”

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 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 Danan Sep 16, 2020 ▶ 2:43 Prentus 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 Danan Sep 16, 2020 ▶ 5:53 Prentus 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 Danan Sep 16, 2020 ▶ 11:08 Prentus 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 Danan Sep 16, 2020 ▶ 2:04 Prentus 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 Danan Sep 16, 2020 ▶ 4:01 Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID
Assertion Not checkable as stated
Eight paying companies have used Prentus
“It's been eight companies now.”
Rod Danan Sep 16, 2020 ▶ 4:37 Prentus Founder Spent $90k on Failed Project Before Launching New Recruiting Tool During COVID
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.