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SaaS Interviews with CEOs, Startups, Founders

1628 How He Used Singularity University To Get 17 Customers, $1M in ARR In 5 Months

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 8 January 2020

⏱️ 14 minutes

🧾️ Download transcript

Summary

Sean Hinton is Founder and CEO of SkyHive (www.skyhive.io), a Canadian technology company that applies machine/deep learning to discovering revolutionary efficiencies in the movement of human capital. Sean is a future of work thought leader, and passionate about applying SkyHive’s technology to support the workforce’s most at-risk populations.

Transcript

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0:00.0

launched this company Skyhive back several years ago. Again, helping really, it's almost a

0:05.6

competency discovery tool, right? Helping teams understand who to promote, what skills they need to

0:10.0

promote, or if you're looking for a job, helps you really hone that process in as well. Today,

0:14.3

they've scaled about 17 customers. They're doing about 85-ish grand per month up from nothing a year

0:19.3

ago. They just launched pricing about five,

0:21.1

six months ago. Cashwell negative today, they raised 1.5 million bucks are going to be profitable

0:24.9

in Q3 of 2019. They've got about 14 people in Vancouver too early to talk about unit economics,

0:30.4

most of their growth coming from their singular university network and that first contract

0:34.9

and word of mouth coming from the Canadian government via their innovation program called Ideas.

0:39.9

Hello, everyone.

0:40.5

My guest today is Sean Hinton.

0:42.5

He's a founder and CEO of Skyhive, a Canadian technology company that applies machine and

0:46.5

deep learning to discovering revolutionary efficiencies in the movement of human capital.

0:51.1

Sean is a future of work, thought leader, and passionate about applying Skyhives technology to support the workforce's most at-risk populations. Sean, are you ready to

0:59.0

take us to the top? Yes, sir. Okay, so break this down for us. I mean, tell me, tell me exactly

1:04.0

what the company does and maybe a customer story. Sure. So two years ago, I was president of a

1:10.1

large manufacturing company here in Vancouver. We had a $250 million top line, 500 employees, 23 global offices. And I came to the realization through a series of events that I really didn't know what my workforce was capable of. And what I mean by that is I would look around my office and I knew the

1:29.0

people that were hired and for the jobs that they were hired, but were they actually really

1:34.1

working to their true capability. And so I started to look around and realize that this was

1:40.1

sort of a systemic problem that we understand our level, but not at a deep level.

1:46.0

And so what Skyhive does is it takes, it uses machine learning, deep learning to extract the skills

1:52.0

from people, extract the skills required from jobs, and then we apply data science to finding

...

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