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SaaS Interviews with CEOs, Startups, Founders

Hopin Raises $175m at $2b Valuation, $20m in ARR (Flashback 6 months)

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 10 November 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

hop in seeing incredible growth growing from zero to $1.5 million in AR over the past basically

0:05.1

two and a half months as COVID has hit. They help you manage and run online events. Race seven million

0:09.8

back in December because they were seeing an crazy virality rate between people using their

0:14.9

free product and those attendees that, you know, use the free product, converting into

0:18.1

organizers of new events themselves. They're scaling nicely about 30, 40 people hired over the very recent past, 38 people today total. They're seeing

0:26.3

pretty high churn numbers, but again, that's to be expected when they're growing so fast as well.

0:30.3

Currently have a product flow where you put in the type form information. You go into a group

0:33.8

demo, and then they close from there, $99 a month for each organizer, 100 free seats per

0:38.6

organizer. Hello, everyone. My guest today is Johnny Bufrahad. He is the CEO and founder of

0:45.0

Hopin, the online events platform. The company is growing from one person to a 40 person remote company

0:49.8

in five months and grew in revenue from zero to a million bucks in ARR in three weeks.

0:55.0

Johnny, you ready to take us to the top?

0:57.5

Absolutely.

0:58.2

So some more context around this.

0:59.7

We are recording here on April 21st.

1:02.2

Some of my friends have moved their in-person events to online and they are using your

1:07.4

platform.

1:07.8

And I said, well, if this guy's in the business of events and he's

1:11.1

doing them online, I want to talk to him right now because your business must be going through

1:14.2

all kinds of growth. Yeah, absolutely. It's been a, it's been a pretty crazy period. So tell us how

1:21.7

crazy, right? So if people want to follow on, the sites hopin.com.com. T-O. What do you guys do, Johnny? So we're a virtual events platform

1:31.1

that really focuses on engagement and networking. Most of you guys have heard of virtual events

...

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