Bram Medina, CEO of recruiting marketplace Higherport, breaks down the platform's revenue split between SaaS subscription tools and recruitment placement success fees.
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“Currently it's a small percentage from SaaS. It's about 10%.”
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More from Bram Medina
Insight
Medina: Traditional agencies cannot rapidly scale hiring without recruiter marketplace bundling
“The amount of people on your payroll just limits how scalable your solution is. And most companies would call us and say, listen, I need a team of 10 engineers and I need them within two months. That is not something that any agency can easily, easily can do. …”
Bram MedinaJun 1, 2022▶ 5:033 co-founders own 33% each of new recruiting marketplace and SaaS tool
Opinion
Medina: Higherport can 10x to 15x revenue with current infrastructure
“With the current infrastructure and team that we have, we can do 10 times, 15 times the revenue that we do right now.”
Bram MedinaJun 1, 2022▶ 10:493 co-founders own 33% each of new recruiting marketplace and SaaS tool
Disclosure
Medina: Recruiters receive over 80% of Higherport placement fees
“Over 80%.”
Bram MedinaJun 1, 2022▶ 3:253 co-founders own 33% each of new recruiting marketplace and SaaS tool
AssertionNot checkable as stated
Medina: Over 60% of Higherport's 104 recruiters are active weekly
“So right now, let's say amount of recruiters that are Active from those 104 is over 60%. And the amount of recruiters proposing is around 30%. And that is already with the size that we are today, which is relatively small as 30 companies that are on the platfo…”
Bram MedinaJun 1, 2022▶ 11:593 co-founders own 33% each of new recruiting marketplace and SaaS tool
AssertionNot checkable as stated
Medina: Higherport has placed close to 20 candidates since launch
“I think it would be. Close to 20.”
Bram MedinaJun 1, 2022▶ 12:593 co-founders own 33% each of new recruiting marketplace and SaaS tool
AssertionNot checkable as stated
Medina: Higherport is growing 30% to 50% quarter-over-quarter
“So if you look at our growth right now, it's between 30, 50% quarter and quarter.”
Bram MedinaJun 1, 2022▶ 13:143 co-founders own 33% each of new recruiting marketplace and SaaS tool
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