4.6 • 683 Ratings
🗓️ 21 October 2019
⏱️ 22 minutes
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Serial entrepreneur, working online since 1998. Investing.com is on its way to becoming a privately funded unicorn - offices across the globe over 300 employees and 60m in revenue. Oitchau is a time an attendance solution which started in Brazil to Solve the problem of 3m annual labor law related lawsuits in the country.
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0:00.0 | OI Chow launched in 2018 and really focused on the Brazilian market, helping people understand, |
0:04.5 | again, time tracking across their employee base so they can avoid surprise salaries they have to pay |
0:08.3 | at the end of each pay period. He launched the company just this year. Now a couple hundred |
0:12.6 | customers paying 100 bucks per month. So call it, you know, 30 grand per month right now. |
0:15.7 | And revenue, 1.6 million raised 3% logo churn per month or around that. In terms of, you know, scaling up paid |
0:22.2 | spend, he's happy to spend, call it 200, 300, 300 bucks to acquire a customer. So two or three |
0:26.3 | month payback period, team of 14 people based down there in Brazil building this up with the |
0:30.4 | goal of heading a million bucks in ARR in the next 12 months. Hello, everyone. My guest today is Lonnie |
0:35.6 | Schneiberg. He's a serial entrepreneur working online since 1998. |
0:39.3 | Investing.com is one of his companies on its way to becoming a privately funded unicorn with offices around the globe and over 300 employees and 60 million bucks in revenue. |
0:48.3 | His other company, Oichau, is a time and attendance solution which started in Brazil to solve the problem of three |
0:54.4 | million annual labor law related lawsuits in the country alone. |
0:58.2 | Lonnie, are you ready to take us to the top? |
1:00.2 | Definitely. |
1:01.2 | Okay. |
1:02.2 | So are these investing.com and Oichow, are they separate companies or are they tied together |
1:06.0 | somehow? |
1:07.0 | No, there's separate companies. |
1:09.0 | Some of the partners invested also in Oichau, but these are two separate entities and one is |
1:15.8 | running in Brazil and the other is international monster actually where we're growing pretty |
1:22.5 | fast. |
1:23.5 | We surpassed, we just surpassed Bloomberg in traffic recently with a hundred million |
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