Remotely KPIs

In this post you will be able to see the latest metrics we have shared with our investors. For paid subscribers only.

KPIs for early stage companies evolve over time. In this post we hope to share the trend-line we share with our shareholders. We we will update with the latest as we go.

December 2020

• Net Cash Balance: $1.125M + $50k in short-term AR (previously $1.190M including short-term AR)

• Last 30-days cash consumption: $15k

• Months of run-rate: 78 months

• GMV managed: ~$1.17M (aggr salaries of talent, annualized)

• MRR: $24,000 (we cancelled our substack paid subscriptions)

• Non-recurring revenue: $7,500 in one-off fees.

• Customers: 7

• Talent placed: 21

• Open positions currently hiring for: 33 (for current customers)

October 2020

• Net Cash Balance: $1.21M (net of security deposits)

• Last 30-days cash consumption: $10k

• Months of run-rate: 120 months

• MRR: $15,092 ($92 in substack subscriptions)

• Customers: 5 (1 non-recurrent)

• Talent placed: 14

• Open positions currently hiring for: 9 (for current and prospect customers)

September 2020

• Net Cash Balance: $1.22M (net of security deposits)

• Last 30-days cash consumption: $50k

• Months of run-rate: 24

• MRR: $7,083 ($83 in substack subscriptions)

• Customers: 3 (1 is non-recurring)

• Talent placed: 10 (1 is a one-off placement)

• Open positions currently hiring for: 15 (for current and prospect customers)

August 2020

• Cash Balance: $1.27M

• Last 30-days cash consumption: $80k*

• Months of run-rate: 16

• MRR: $7,083 ($83 in substack subscriptions)

• One-off revenue: $14,400 (1 engineer placed with standard head hunting model)

• Customers: 3 (1 is non-recurring)

• Developers: 3 (1 is a one-off placement)

• Open positions currently hiring for: 16 (for current and prospect customers)

*$73k in one-off expenses were incurred (namely: legal fees from our round, legal fees from the legal infrastructure, purchase of laptops for developers). We also got paid our first client invoice.

July 2020

• Cash Balance: $1.35M

• Last 30-days cash consumption: $35k

• Months of run-rate: 38

• MRR: $3,056 ($56 in substack subscriptions)

• Customers: 1

• Developers Employed: 2

June 2020

• Cash Balance: $1.38M

• Last 30-days cash consumption: $81k*

• Adjusted burn-rate: $30k**

• Months of run-rate: 23

• MRR: 0

* Includes $30k one-off legal expense (for the round). Also, the founding team is not getting a salary. $42k was spent in the Gitsight Engineering team salaries (we run the $21k payroll twice).

**Includes $21k in Eng Team salaries + $9k in ongoing/prepaid expenses.