This is one of the most impressive companies on Rocketship Jobs
Today I am going to talk about a job at
The reason why I chose ClickUp, why you should apply and how to get the job is all listed below.
ClickUp is an app that brings tasks, docs, spreadsheets, goal tracking, resources, and an inbox, together in one place. Their tagline is "One app to replace them all".
They were started in 2017 by Alex Yurkowski and Zeb Evans.
They have raised a total of $35.5M. Their most recent was a $35M Series A in June of 2020.
They have 61 employees as of June 29th, 2020. 59 when I sent this out on June 10th.
ClickUp is in the all in one workspace or productivity app space. There's no great way to explain their industry in one word but one thing that comes to mind when I think about the opportunity in front of ClickUp is the growth that is happening around productivity apps. There are a lot but more importantly, they are making a lot of money.
In 2017, Trello one of ClickUps competitors was sold to Atlassian for $425M.
In March of 2020, Monday.com, another Clickup competitor, announced they reached $130M annual recurring revenue (ARR). They were also valued at $1.9B around that time.
In April of 2020, ClickUps competitor Notion raised $50M at a $2B valuation.
All of these speak volumes to the size of the opportunity ClickUp is going after.
ClickUp is not public about their revenue. I have not been able to find any info but this is what I have been able to figure out:
They have only raised $2.5M. They have almost 60 employees. Even if all of the employees they hire were $50k a year salary (they're not), their one year expenses on payroll would be more than the money they have raised. This leads me to believe they are building a profitable company. This is a good sign.
Monday.com pays for 46% of its website traffic, ClickUp only pays for 13%. This further speaks to the profitability of the company. Especially in comparison to a company like Monday.
Also, I have seen stats that they have more than 1 million users. All of those users are not paid but it does help give a little more color around the size of the company.
Lastly, from a traffic standpoint, Clickup is doing very well. Not that this speaks to their exact revenue but as traffic increases their revenue probably does as well.
Knowing that Monday.com did $130M ARR on about double the website traffic and with a similarly priced product, I assume ClickUp is probably doing around to $50M ARR but very profitably.
Zeb Evans the founder of ClickUp. He ran what looks like a DJ company prior to starting Clickup.
Based on the reviews on Glassdoor, employees approve of his leadership as a whole.
The main comments were, that they believe Zeb is the right person to lead the company, there is a lot of room for growth and the benefits are good.
That said there were a few complaints that were notable. The main complaints are around working hard (12-15 hour days, although you see this in many early-stage companies), lack of diversity and lack of EQ from leadership were other complaints.
All of that said, I think ClickUp would be a great company to join despite the few drawbacks. To me, Zeb has proven he can run a great business without VC money. This doesn't happen by accident.
The main question I would want to make sure is:
Do you receive equity when you join the company? At companies that don't raise venture capital, this is often not the case.
Ok, thats it for now.
Let me know if you have any questions. Feel free to email me firstname.lastname@example.org