The Ledger
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Younger details restructuring Accolo's preferred shares into common via notes
“So to do that, we issued notes to the preferred shareholders and the warrant holders. So that created a note and transferred their stock to all common. And then the new company was created by assuming some portion of those preferred notes. So the acquiring com…”
Younger: Accolo raised $4M in 2007 and reached $2M/quarter
“Raised money in 2007. Nathan Latka: How much? John Younger: About four million. And we ended up getting to a place where we're hitting about two million a quarter and growing quickly right when the bubble burst in 2008, 2009.”
Younger: HireMojo generates approximately $200,000 in monthly recurring revenue
“Yeah, it's probably closer to two.”
Younger: HireMojo's customer acquisition cost is approximately $1,700
“Right now, it's about 1700 bucks.”
Younger: HireMojo's revenue consistently grows 8% to 12% month-over-month
“Well, we've been growing eight to 12% a month to give you a sense pretty consistently.”