Magyar: 25% of Hub's Business Is Services and 75% Is Pure SaaS
Ali Magyar · 1558 Why This Event Management CEO Believes 25% Of Her $2.5m In Revenue Should Be Professional Services · Oct 30, 2019 · at 4:29
Ali Magyar, founder and CEO of Hub, outlines the revenue mix between software licensing and enterprise integration services.
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“25% of our business is in In professional services, and the 75% is in pure SaaS, so.”
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More from Ali Magyar
Magyar: Events Need 50+ Speakers or Sponsors to Justify Automation Software
“Hub is a good fit for anyone that has 50 or more speakers, sessions, sponsors. So if you have less than that, you really can handle the automation yourself. It's not that complex.”
Hub generated $650,000 across 21 paying customers in its first year
“So in 2015, we did our proof of concept, and so we went to market, and in the first year, we ended with 21 paying customers, about 650,000 in revenue, and I realized there definitely was market traction and market adoption.”
Magyar: Bootstrapped Hub using $3M of agency cashflow
“So I did use agency cash to be able to fund that three million dollars, but there wasn't any expenses for the agency that I would have been receiving professional services for as a part of that three million.”