Greg Raiz, founder and CEO of digital agency Raizlabs, discusses company margins and financial performance with Nathan Latka.
0:00 / 0:07exact quote · 8.0s
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“But the company has been profitable every year since, since I started it when I was taking zero salary through, through to today.”
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More from Greg Reyes
Insight
Clients will inevitably take successful agency-built products in-house
“Well, we expect them to take it in house. Like if we're successful, then they will take it in house”
Greg ReyesOct 13, 2016▶ 12:38EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Disclosure
Raizlabs projects range from hundreds of thousands to nearly $1 million
“So our project definitely range in size, but they tend to be anywhere from a couple 100,000 dollars. We have some projects close to a million dollars in size.”
Greg ReyesOct 13, 2016▶ 2:45EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
Disclosure
Raizlabs bootstrapped for a decade without raising venture capital
“We've never taken funding”
Greg ReyesOct 13, 2016▶ 4:35EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
AssertionSupported
Raizlabs generated just under $9 million in revenue in 2015
“I think we were just shy of nine million.”
Greg ReyesOct 13, 2016▶ 4:56EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
PredictionPartly held up
Raizlabs projected $13 million to $14 million in 2016 revenue
“We're on track to 13, 14 this year.”
Greg ReyesOct 13, 2016▶ 4:59EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
AssertionNot checkable as stated
Raizlabs' monthly headcount expenses range from $800,000 to $900,000
“They're just under a million dollars. So around 800 to 900,000 dollars.”
Greg ReyesOct 13, 2016▶ 8:23EP 447: $0 to $13M Agency Revenue in 10 Years with RaizLabs CEO Greg Raiz
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