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Would love to know what the community thinks about this strategy.

  • AD

    April Dunford

    about 5 years ago #

    Neat. Can you share the thinking behind releasing the dashboard? Risk and opportunities?

    • DN

      Dave Nevogt

      about 5 years ago #

      Yeah, I am going to do a full blog post on it. Coming soon!

      • AO

        Andre Oentoro

        about 5 years ago #

        Can't wait to see your full blog post. Currently I don't even open this to my internals (like everyone on our team) for some reason, one of them is the fear of having sensitive data goes out to public. This definitely is going all out to public, it's like you are walking naked on the street.

        What if someone that wanted to invest on you decided to "let's wait until he got to XXX amount first" without letting you pitch or explain?

        • DN

          Dave Nevogt

          about 5 years ago #

          @grayspark - Yea, I guess, but the thing is that we aren't really looking for money or investment, and I feel that if the money is going to come, it's going to come regardless. If we would take investment it would be from a true partner, and a true partner would always want transparency. I think this is the new way of doing it. Here's the full blog post - http://bit.ly/1JrguGq

    • DN

      Dave Nevogt

      about 5 years ago #

      @aprildunford - Here's that blog post I promised - thanks for your interest - http://blog.hubstaff.com/embracing-revenue-transparency-hubstaff/

  • JM

    Jevin Maltais

    about 5 years ago #

    I'm going to upvote anyone who does this. Love the transparency. I echo @aprildunford. What was your thought process in doing this?

  • DN

    Dave Nevogt

    about 5 years ago #

    Let me know if you have questions on this or the results we've had. Glad to share!

  • GA

    Greg Aubert

    about 5 years ago #

    Cool, bold transparency!
    I had to dig a little bit to find out what Hubstaff was actually about. For others, here's the about page:
    http://blog.hubstaff.com/about/

    I was looking at churn between Nov 14' - March 15'. It rises steadily over a couple of months, but there seems to be an inflection point and it's on it's way back down again. Did you make some changes to address it?

    • DN

      Dave Nevogt

      about 5 years ago #

      Hey Greg, yeah, we made a lot of changes to address it in stripe, but more importantly, we have several different kinds of plans in Stripe. The high churn you are seeing is a result of some content marketing plans we had in stripe that churning out - much higher dollar plans. In addition, we had a large affiliate promote in about feb of 2014 on an annual plan. Some of those churned out. Finally we believe that some of our customers slashed budgets with the new year. So all of these factors led to this increase in churn and then we fixed what we could product related with stripe tools like bestunning, etc...

  • AL

    Ariel Lederman

    about 5 years ago #

    Cool!

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