Cho Nguyen, founder of Hirewire, clarifies the monetization structure of the platform to host Nathan Latka.
0:00 / 0:08exact quote · 8.1s
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“On the job secret side, we're not making money.
I thought that was your question.
On the buy, on the, what cut are you making on the other side?
There isn't a cut.”
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More from Cho Nguyen
PredictionNot checkable as stated
Hirewire aims to reach $200,000 in MRR by the end of 2017
“Well, we actually just launched our monetization, so it's below that, but I think that by the end of the year we'll be on track.”
Cho NguyenAug 3, 2017▶ 12:44740: He's Helped 20,000 Land a Job, $4m Raised, $200k MRR
AssertionNot checkable as stated
Hirewire retains over 95% of its customers on a monthly basis
“Yeah, I would say we're retaining like 95 plus percent.”
Cho NguyenAug 3, 2017▶ 14:30740: He's Helped 20,000 Land a Job, $4m Raised, $200k MRR
AssertionNot publicly verifiable
Campus Special hit $15M revenue with around 40 employees before selling
“We're doing about fifteen million in revenue. And employee headcount in the forties.”
Cho NguyenAug 3, 2017▶ 2:46740: He's Helped 20,000 Land a Job, $4m Raised, $200k MRR
AssertionContradicted
Cho Nguyen sold Campus Special for roughly $25 million
“It was about twenty five million.”
Cho NguyenAug 3, 2017▶ 3:20740: He's Helped 20,000 Land a Job, $4m Raised, $200k MRR
Disclosure
Hirewire raised its first $2 million before building a prototype
“We raised it before we even had a prototype. So two million to start and then an additional two million last year. So about four million so far.”
Cho NguyenAug 3, 2017▶ 6:24740: He's Helped 20,000 Land a Job, $4m Raised, $200k MRR
Disclosure
Hirewire charges employers $50 to $100 per location per month
“We charge per location per month, so that ranges from 50 to a hundred dollars per location per month, depending on usage.”
Cho NguyenAug 3, 2017▶ 9:07740: He's Helped 20,000 Land a Job, $4m Raised, $200k MRR
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