4.6 • 683 Ratings
🗓️ 30 October 2019
⏱️ 15 minutes
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Allie Magyar, Hubb CEO, is a skilled entrepreneur and technology maven with over 15 years of experience driving successful technology enabled service companies. Allie has been named a 2017 Portland Business Journal’s 40 Under 40, a 2017 Top Woman Entrepreneur by Smart Meetings Magazine and, in 2018 was an EY Pacific NW Entrepreneur of the Year finalist.
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0:00.0 | Event Management Platform CEO Alley with Hub founded in 2012. Now today doing about 180 grand per |
0:05.9 | month in revenue. That's up doubled year over year. So about 90K per month back in November 2017. |
0:10.9 | They have 110 customers paying about a $20,000 ACV average on their ARR platform. They also have to do |
0:16.2 | work with about 10, you know, mega conferences every year that maybe pay six figures one time |
0:20.2 | where she helps manage those platforms. So additional revenue there, lower margin, mega conferences every year that maybe pay six figures one time where she |
0:20.9 | helps manage those platforms. So additional revenue there, lower margin, but additional revenue. |
0:24.6 | Doing all this with about 13 million bucks raised, including three million bucks of her own money, |
0:28.1 | 80% annual retention each year gross, 30% expansion. So 110% net revenue retention each year. Pretty good. |
0:34.7 | $5,000 cap on $20,000 ACB is about a five-month payback. |
0:38.0 | Economics makes sense. Team of 40 in Washington, state and other remote locations. Again, |
0:42.7 | building up their really event and content platform hub. Hello, everybody. My guest today is |
0:48.7 | Ali Magyar. She is the CEO of a company called Hub and a skilled entrepreneur and technology |
0:53.5 | made with over 15 years of experience driving successful tech-enabled service companies. |
0:57.8 | She's been named to 2017 Portland Business Journal 40 under 40, a 2017 top woman entrepreneur |
1:03.3 | by Smart Meetings Magazine. |
1:04.9 | And in 2018, was in EY Pacific New York, sorry, Northwest Entrepreneur of the Year finalist. |
1:11.7 | Ali, are you ready to take us to the top? |
1:13.5 | I am. Glad to be here today. Thanks for having me. |
1:15.9 | You bet. Okay. So tell us about Hub. What's the company do and what's the business model? |
1:19.7 | How do you make money? |
1:21.0 | Sure. Well, Hub is essentially software for meeting planners. So we help with all of the |
1:25.9 | back-in processes in terms of collecting, |
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