iCIMS is targeting over $200M in annual recurring revenue exiting 2018
Colin Day · 1234 How He Bootstrapped to $160m in ARR in HR Space · Dec 10, 2018 · at 12:56
Colin Day, founder and CEO of talent acquisition platform iCIMS, discusses the company's financial growth targets with Nathan Latka.
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“Ah, you're in the ballpark. We're looking to certainly go over too.”
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More from Colin Day
iCIMS reached $160M ARR without putting primary capital on its balance sheet
“We have an investor. The investor was all secondary. It was all liquidity. So their money did not go into the business. So we'd like to think of it as a entirely bootstrapped company.”
Recruiting is too critical to a business to run through an ERP
“Our premise is that is too important to screw up, to put through an ERP. I mean, that is your front of the funnel. You can't hire people, you hire bad people, you're screwing with your business.”
iCIMS exited 2017 with over $160M in annual recurring revenue
“We exited 20 17 over a hundred sixty million ARR. So the annual recurring run rate was over a hundred sixty million at the exit of 2017.”
Colin Day: iCIMS has the metrics to IPO but doesn't need to
“We constantly look at IPO. I think we have all of the metrics, the scale, the growth, the profitability to take a look at that. But the reality is believe it or not, to sort of hit our goals, we're not sure we need to go down that route right now.”
Colin Day: Companies IPO for capital, CEO vanity, or brand exposure
“The best I can come up with is that there's three reasons to IPO, which is you know, need for capital, and you think it's better in the public market than the private market. We don't have that dynamic right now. And then I've been told that the second one is …”