The Ledger

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Disclosure
Cal.com pays identical engineering salaries globally regardless of an employee location
“In, in engineering, which is like nine percent of our team, we have three pay bands and that's it. We got, I see one, two, and three, like junior, mid and senior. It doesn't matter where the hell you are in the world. It doesn't matter what, like you don't, Ne…”
Bailey Pumfleet Jun 23, 2022 ▶ 15:50 18 year old raises $32m to build opensource version of Calendly
Opinion
Pumfleet: Calendly does not scale well for embedded marketplace platforms
“Calendly and Savvy Health just don't really sort of fit all of their requirements. I mean, they're good products. Like if I just want to book one-to-one sales calls with me, you know, just a basic Zoom set up. That's great. But the point is, is, you know, if y…”
Bailey Pumfleet Jun 23, 2022 ▶ 4:06 18 year old raises $32m to build opensource version of Calendly
Opinion
Pumfleet: Open-source alternatives to consumer apps will not succeed
“Because the point is, is there's no real point in just being another open source alternative to XYZ. It's like, no, you're right. If you have an open source Facebook alternative, it's not going to do well.”
Bailey Pumfleet Jun 23, 2022 ▶ 19:44 18 year old raises $32m to build opensource version of Calendly
Assertion Supported
Bailey Pumfleet: Cal.com raised a $25M Series A round
“That was a twenty five million series A.”
Bailey Pumfleet Jun 23, 2022 ▶ 3:14 18 year old raises $32m to build opensource version of Calendly
Insight
Pumfleet: Scheduling is core web infrastructure like email
“Scheduling is like email. It's one of those core foundational things that runs businesses, runs the web and the point is, is that means that people from time to time have like complex use cases and things like that, like telehealth or hiring marketplaces, or, …”
Bailey Pumfleet Jun 23, 2022 ▶ 3:42 18 year old raises $32m to build opensource version of Calendly
Disclosure
Cal.com tests all new hires as contractors before offering full employment
“And we sort of now do that with our employees. We might touch on that a bit more later, but the idea is, is we don't just hire people off the bat. We work with them as contractors, then actually move into you know, a proper arrangement with them.”
Bailey Pumfleet Jun 23, 2022 ▶ 7:51 18 year old raises $32m to build opensource version of Calendly
Disclosure
Cal.com operates as an open startup with publicly accessible employee salaries
“Yes, we are an entirely open startup. So literally like my salary is, is publicly available.”
Bailey Pumfleet Jun 23, 2022 ▶ 15:10 18 year old raises $32m to build opensource version of Calendly
Assertion Partly supported
Bailey Pumfleet: Cal.com raised a $7.4M seed round in 2021
“Earlier that year I think around sort of July time we raised a 7.4 million series, not series A seed round, which, you know, really got us started pretty well.”
Bailey Pumfleet Jun 23, 2022 ▶ 2:13 18 year old raises $32m to build opensource version of Calendly
Disclosure
Pumfleet: Peer Richelsen paid him $5,000 for initial two-week Cal.com trial
“So it was five, it was 5000 dollars.”
Bailey Pumfleet Jun 23, 2022 ▶ 7:11 18 year old raises $32m to build opensource version of Calendly
Assertion Not checkable as stated
Pumfleet: Cal.com waitlist reached thousands before public launch announcement
“We launched it on Product Hunt because like already there were people piling up with, you know, like the wait list for this grew to like, I think it grew to like thousands before we'd even shared that we're actually building it.”
Bailey Pumfleet Jun 23, 2022 ▶ 10:21 18 year old raises $32m to build opensource version of Calendly
Assertion Not checkable as stated
Pumfleet: Cal.com gained up to 50 paying customers on launch day
“Literally, I think we got about, it would have been like maybe up to 50 paying customers in the first day. I don't know exactly.”
Bailey Pumfleet Jun 23, 2022 ▶ 12:14 18 year old raises $32m to build opensource version of Calendly
Assertion Supported
Cal.com has between 25,000 and 30,000 total registered users
“I don't know the number of paying customers off the top of my head, but I know we've got about 25 to 30,000 users as of right now.”
Bailey Pumfleet Jun 23, 2022 ▶ 14:00 18 year old raises $32m to build opensource version of Calendly
Assertion Contradicted
Pumfleet: Cal.com Converts Roughly 10% of Users to Paid Accounts
“I believe paid conversion is somewhere around the 10% mark, which tends to be in line with, you know, general SaaS companies, because obviously half of these free accounts, you know, people sign up for it and forgot it, or they were spam or something like that…”
Bailey Pumfleet Jun 23, 2022 ▶ 14:15 18 year old raises $32m to build opensource version of Calendly
Disclosure
Cal.com keeps its regular monthly burn rate under $100,000
“Generally, like, without one-off expenses, we're generally looking at, I think, about 60, 70 K between the team, you know, add on maybe some stuff from the law firm and bits like that. We're looking at under a hundred K generally.”
Bailey Pumfleet Jun 23, 2022 ▶ 18:09 18 year old raises $32m to build opensource version of Calendly
Assertion Not checkable as stated
Cal.com currently generates between $15,000 and $20,000 in monthly recurring revenue
“So we're actually, I think we're more towards the 15 to 20 in mind”
Bailey Pumfleet Jun 23, 2022 ▶ 18:49 18 year old raises $32m to build opensource version of Calendly
Assertion Not checkable as stated
Pumfleet wrote first Cal.com code in February 2021 while working 9-to-5
“I think I wrote the first line of coding like February. It was so like, I still had a nine to five job. ... 20, 21.”
Bailey Pumfleet Jun 23, 2022 ▶ 4:51 18 year old raises $32m to build opensource version of Calendly
Disclosure
Cal.com releases a new version of its product on the 15th monthly
“Every, every 15th of the month, you know, marking from the anniversary of, you know, when we when we actually, you know, first released it on product hunt we launched a new version”
Bailey Pumfleet Jun 23, 2022 ▶ 17:23 18 year old raises $32m to build opensource version of Calendly
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