The Ledger
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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. …”
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.”
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…”
Medina: Higherport has placed close to 20 candidates since launch
“I think it would be. Close to 20.”
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.”
Medina: VC portfolio access matters more than fundraising valuation
“I think the most important factor is to get VCs on board that open doors that have a portfolio of companies that we can plug the solution in. I think all those factors are much more important than only the valuation.”
Medina: SaaS generates roughly 10% of Higherport's revenue
“Currently it's a small percentage from SaaS. It's about 10%.”
Higherport completed four candidate placements last month with minimal SaaS revenue
“Yeah, no, this is a four placements and going up and the SAS part is really, really small at this point in time.”