4.6 • 683 Ratings
🗓️ 30 July 2019
⏱️ 23 minutes
🧾️ Download transcript
Garin Hess is a serial entrepreneur who has founded multiple software companies, industry conferences, and a non-profit organization. He is currently the founder and CEO of Consensus, a B2B demo automation platform. He enjoys reading history, mountain biking, choir conducting, and spending time with his wife and three children.
Click on a timestamp to play from that location
0:00.0 | My new book is out How to Be a Capitalist without any capital. It hit the Wall Street Journal |
0:05.2 | bestsellers list and I just wanted to say thank you. I hope you get it at capitalistbook.com. |
0:11.9 | Here's what user Jay Eggleston said in an Amazon review. Warning, this book is addicting. |
0:17.0 | Is Nathan the new Tim Ferriss? He said, I met Nathan during my college days when he was still |
0:21.2 | CEO of Hale. I knew he was inspiration since the day I met him. The book is totally a Nathan |
0:26.0 | Ladka original and this is the new four-hour work week. Warning though, it is addicting. I'm not sure |
0:31.1 | how long I've been reading it now and the only thing that is making me from put it down is the |
0:34.4 | dreaded workday tomorrow. Six people found that helpful. Get the book today at Capitalistbook.com. |
0:41.9 | Founded Go Consensus in 2014. |
0:44.1 | They've just passed about 280 grand per month in revenue, |
0:46.6 | flat year over year as they transitioned from SMB customers to more enterprise. |
0:50.6 | And again, these are sales reps using their tool to give more effective sales |
0:53.7 | presentations and sales demonstrations. ADP, a big account. They raised $7 million in equity financing |
0:59.0 | about $5 million or another call it million in revenue-based financing plus another equity on a |
1:03.1 | little bit of equity on top of that. 200 customers right now paying on average $17,000 per year, |
1:07.6 | willing to spend up to $14,,500 bucks to acquire that customer. |
1:13.9 | So healthy metrics in terms of payback period, less than 12 months. |
1:18.5 | In terms of churn as they go through the transition, you know, 28% gross revenue churn annually. They expand by about 10% on that same cohort. |
1:21.1 | So net net, about 82% net revenue retention each year. |
1:25.4 | 30 people based between Utah and other remote locations. |
1:28.2 | This is the top entrepreneurs podcast where founders share how they started their companies |
1:34.4 | and got filthy rich or crash and burn. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Nathan Latka, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Nathan Latka and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.