HireMojo: How to Split Your Company and Clean Your Cap Table

Landing top talent can be the difference between a growing business and a dying one. Recruiting is an investment you need to make in order to ensure long-term success.

HireMojo was built to make this process as efficient and effective as possible. Their RecruiterBot®gives companies the gift of time through a subscription-based Hiring Automation Platform™ that utilizes AI, robots, big data and analytics to help you fill jobs across your company faster, easier and less expensively. Their software was built to handle repetitive grunt work, so you can spend your time interviewing and hiring top performers.

How much is HireMojo doing in MRR?

HireMojo is a pure-play SaaS product that charges companies annually, based on usage. Their current customers pay between $10-50k annually, with the average paying approximately $24k each year.

The company has scaled their customer base to 200 total customers today and is rapidly approaching $200k in MRR, according to CEO John Younger. HireMojo has accomplished this by hitting 8-12% monthly growth each of the last 12 months.

What is HireMojo’s churn?

Playing in the enterprise space, churn has been fairly low for HireMojo. Younger explained that the company has close to 90% annual retention at this point in time.

HireMojo is currently paying approximately $1,700 to acquire a new customer today, but is looking to be more aggressive in this area moving forward. They assume a minimum LTV of $150k over 36 months right now.

How much has HireMojo raised?

Despite being a spin-out from Accolo, a recruitment process outsourcing service, HireMojo has grown to scale by bootstrapping. Their team remains lean today and operates with just 10 full-time employees based in San Francisco.

Listen to How Younger Split His Company and Cleaned Cap Table At Same Time