Justatitle

Account Executive

Hopin sold for 15-50 million... WHAT

SO,

Used to directly compete against these guys and they raised over 1 billion in different venture rounds.

Well they were sold to Ring Central and the deal is for 15 million which could grow to 50 with certain milestones met...

This is awful, they had grown to be huge and clearly a case study of the problem with massive rounds and no true plan. Good for their CEO though. Terrible for all their employees.

🌍 stateof sales 2023

17 comments

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CuriousFox

WR Officer

🦊

Fire sale?

jefe

Arsonist

🍁

DungeonsNDemos

Big Shot

Rolling 20's all day

aaand scene.

Gyro25

Notorious Answer

Account Executive

As someone who was in a similar space, the employees got lucky. I knew AEs in the height of covid making 160 -180ishk there
Did they get the shit end of the stick eventually? Sure, but at the end of the day, Ring Central got a massively overvalued company for the post covid price, which is great for them I'd say.
More of these companies need to go extinct, the overvalued rounds, made-up metrics and bs was bound to come crashing down. Good riddance imo.

GDO

Politicker

BDM

A lot of overhyped companies because of free VC/PE money. Not to mention the fact that there is still a lot of dry VC/PE powder left

Sunbunny31

Politicker

Sr Sales Executive 🐰

I'm so out of the loop on conferencing software that I read the name as Hopin' (as in hopin for a payout) rather than Hop In.
Then I looked it up.

braintank

Politicker

Enterprise Account Executive

No COVID, no need

Justatitle

Big Shot

Account Executive

yeah, pretty bad

ThatNewAE

Big Shot

Account Executive - Mid enterprise

Goes for all the companies that started out in COVID to address covid.

braintank

Politicker

Enterprise Account Executive

Hell even zoom has fallen from grace

FinanceEngineer

Politicker

Sr Director, sales and partnerships

I doubt it is good for the CEO based on the capital preferences of the table.

Justatitle

Big Shot

Account Executive

CEO took 100-150 million in the prior round which is why I say that.

FinanceEngineer

Politicker

Sr Director, sales and partnerships

Didn’t realize, but damn, he did make out like a bandit

gopats

Fire Starter

Enterprise Account Executive

Also used to compete with them… absolutely insane to see them sell for that little

oldcloser

Arsonist

💀

Cash out crazy for the boss

LambyCorn

Arsonist

A mfkn E

15-50 million is a hell of a gap

gopats

Fire Starter

Enterprise Account Executive

I used to compete with them too… crazy to see that

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Justatitle

Hopin sold for 15-50 million... WHAT

17 comments

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