John Younger discusses the capital raised and quarterly revenue reached by recruitment firm Accolo before the 2008 economic downturn.
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“Raised money in 2007. Nathan Latka: How much? John Younger: About four million. And we ended up getting to a place where we're hitting about two million a quarter and growing quickly right when the bubble burst in 2008, 2009.”
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More from John Younger
AssertionNot checkable as stated
Younger details restructuring Accolo's preferred shares into common via notes
“So to do that, we issued notes to the preferred shareholders and the warrant holders. So that created a note and transferred their stock to all common. And then the new company was created by assuming some portion of those preferred notes. So the acquiring com…”
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AssertionNot checkable as stated
Younger: HireMojo generates approximately $200,000 in monthly recurring revenue
“Yeah, it's probably closer to two.”
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AssertionNot checkable as stated
Younger: HireMojo's customer acquisition cost is approximately $1,700
“Right now, it's about 1700 bucks.”
John YoungerApr 9, 2018▶ 14:13989 How This CEO Split His Company and Cleaned Cap Table At Same Time
AssertionNot checkable as stated
Younger: HireMojo's revenue consistently grows 8% to 12% month-over-month
“Well, we've been growing eight to 12% a month to give you a sense pretty consistently.”
John YoungerApr 9, 2018▶ 15:18989 How This CEO Split His Company and Cleaned Cap Table At Same Time
AssertionNot checkable as stated
Younger: Ynet sold to TriNet for roughly $4 million in stock
“It was probably pushing four million dollars, something like that.”
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