Lars van Wieren, founder and CEO of Starred, reflects on his first-time founder mistake of going too broad with a feedback tool before pivoting.
0:00 / 0:14exact quote · 14.7s
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“Essentially we tried to be there for everyone. So we were there for no one. And two years ago we sat down because every day we saw another competitor and we were a tiny fish, a fish in the big ocean. And we thought it's better to become like a big fish in a small pond.”
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More from Lars van Wieren
Insight
Van Wieren: In Crises, Capture Customer Time If You Cannot Get Money
“In times of crisis, if you can't get their money, you can at least get their time.”
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Insight
Van Wieren prefers diluting equity to scale fast over retaining total ownership
“You don't want to dilute that much, but I rather now know within five years, hey, we'll start taking over the world or not, then in, in 20 years, and I keep all my equity.”
Lars van WierenDec 5, 2019▶ 15:171594 The Main Reason He Took $1.5m Government Loan at 4% Instead of VC
AssertionNot checkable as stated
Van Wieren: Starred ACV Is ~$10K for Candidate Experience, ~$20K for Engagement
“And if you look at the candidate experience side, it's more or less 10,000 ACVs, so 10,000 per year, and employee engagement is more like 20,000 per year.”
Lars van WierenOct 10, 2020▶ 2:53Starred Looking to Raise $4m Series A for HR Tech
AssertionNot checkable as stated
Van Wieren: Starred Has ~150 Legacy Clients and 70-80 New Focus Clients
“The customer satisfaction business, and that's still the majority of our revenue. So that's around 150 clients, and we have around 70, 80 clients in the new focus.”
Lars van WierenOct 10, 2020▶ 3:21Starred Looking to Raise $4m Series A for HR Tech
AssertionNot checkable as stated
Van Wieren: Starred reaches $2M ARR split between legacy and new product
“So it's around two million right now, and it's split equally amongst the two.”
Lars van WierenOct 10, 2020▶ 4:33Starred Looking to Raise $4m Series A for HR Tech
AssertionNot checkable as stated
Van Wieren: Starred candidate experience business doubles yearly, signing Brex and Robinhood
“In our focus, we're doubling every year, and we're signing also big American companies, or at least big tech companies like Elastic, Robinhood, Brex.”
Lars van WierenOct 10, 2020▶ 5:36Starred Looking to Raise $4m Series A for HR Tech
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