Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

John Younger

๐Ÿ‘ค Speaker
165 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

Raised money in 2007.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

How much?

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

About $4 million.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

And we ended up getting to a place where we're hitting about $2 million a quarter and growing quickly right when the bubble burst in 2008, 2009.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

brutal period, most of the companies that did what we're doing went out of business.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

In fact, one of them, Herian, I called the CEO right as they were filing Chapter 7 and took over all their customers because it was going to hurt the industry if we hadn't done that.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

And then it was really a little later on, we got Colo back on track and started HireMojo around 2015.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

We realized we had built a platform that had

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

really grown to learn with every job and ultimately put this recruiter bot concept to work.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

I am still involved.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

I have someone else running it, but we recognized that there were two totally different businesses.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

Okolo is a recruitment process outsourcing company that,

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

Like I said, it's a turnkey internal recruiting department.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

The technology underneath it, we realized, could support thousands, hundreds of thousands of businesses that didn't want RPO but wanted to make it possible to fill jobs way more easily.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

So we separated the companies in January 2015.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

Yeah.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

It was, yeah, eight, nine million, something like that.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

We had clawed our way back.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

Oh, this is, you're going to laugh at this, Nathan, because this is very unusual.

SaaS Interviews with CEOs, Startups, Founders
989 How This CEO Split His Company and Cleaned Cap Table At Same Time

So imagine having a company whose cap table has an ABC rounds of financing, has preferred warrants with put rights, a very complex cap table.