Iâm posting this response from Dustin Moskovitz (Co-founder of Asana). Hopefully, it will emphasis the importance of recruitment pitch from CEOs
Q: Asana: Should I work for Zenefits or Asana?
I have been working at a Big 4 software company for an year since I got my BS in CS. But I am looking to move to San Francisco so I interviewed at these two and got the jobs.
I have not gotten numbers from either company yet, but I just want to get a feel of how people compare the two.
Which do you think would be a better place to work at in terms of learning/career growth/name recognition for future companies etc.
One of my main money-related issues with Asana is that I do not know how their growth looks like. So if anyone can give me a little insight into that, it would be great.
They got their last round of funding 3 years ago at a valuation of 280 mil. I do not know how far they have come from there and how far they can go (as in they are probably not going to be an Uber and reach ~$40B, but I would hope they would have enough potential to get to multi-billion dollar range).
Other than that I feel it would be great to work at (though if someone could back that up/contradict that would be great).
If you get an offer from Asana, you can ask your hiring manager to walk you through the growth numbers (or Iâm happy to do it). I feel quite confident that you will not be disappointed.
Actually, since you asked, hereâs some more detail:
- Revenue in the low 10s of millions of dollars per year, just 3 years after launching the product.
- Millions of people have signed up for the free version of the product.
- The number of paying users, and therefore revenue, are growing exponentially. Annual recurring revenue has grown to 2.7x the level we had at this time last year, which is super fast in business software.
- This makes us one of the fastest growing SaaS companies ever, based on all the data weâve found, including all the recent IPOs. We arenât the fastest growing SaaS company yet; but thatâs where you might be able to help
- Weâve done this with only the early skeletons of sales and marketing teams â the vast majority of that growth is self-serve. (But weâre now rapidly scaling sales and marketing just to accelerate on top of that.)
- Weâre on track to be profitable in the next 2 or 3 years. This is rare: many SaaS companies arenât profitable even years after IPOing. The difference is that weâve built a marketing and sales model thatâs way more leveraged than almost any other SaaS company. We just donât have to hire tons of sales and marketing people to grow fast.
- We have a solid bottoms-up business model, where actual users choose to buy us, not IT departments.
- Our customers are from every industry, every continent except Antarctica, from laundromat employees, to leaders in Fortune 500 companies, from tiny startups to large biotech companies. Among startups, weâre quickly becoming the standard: of the top 7 tech unicorns, 6 are Asana customers, and they all began as organic adoptions. These days when we see a great rising tech company, we check our database and, more often than not, theyâre a customer.
Do we have the potential to be a multi-billion dollar business? No doubt, and we hope to be there in the next couple of years.
Do we have the potential to be an Uber-size business? We believe we can be much bigger, and point at Google for Work and the Microsoft Exchange business lines as examples of what it is possible to achieve in our space. Though their valuation is not separable from the larger companies, we do know their revenue and it clearly justifies potential valuations at that level of magnitude. Microsoftâs team productivity apps alone makes $25B/year.
You also asked about learning/growth opportunities. A few thoughts there:
- We prioritize mentorship very highly, and have a mindfully constructed mentorship program. We see mentorship as the primary function of managers. Youâd also get a peer mentor.
- Weâve assembled an extremely high-calibre team of people to learn from. I know every company says that, but I think weâve taken it to an extreme. In my experience (and the experience of recruiters whoâve worked at multiple of these companies), the 50%th percentile at Asana is around the 90%ile at Facebook and Google. Weâve gathered some of the best folks from Facebook, Google, Yelp, Microsoft, Palantir, Yahoo, Apple, LinkedIn, Twitter, Quora, Amazon and other great places. Weâve got people like the ones who wrote the Facebook News Feed backend, Androidâs sync protocol, Yelpâs ranking algorithm, Amazonâs DynamoDB â these are people youâd be learning from.
- We have lots of systems in place for getting you high-quality, timely feedback about how youâre doing and how you can take your craft to the next level, including both manager->report and peer->peer feedback cycles.
- We provide access to âexecutive coachesâ (coaches that, at most every other company, are available only to executives).
- We also have a strong emphasis on personal growth, both in the culture and in training programs we provide. People frequently say that working at Asana changed them as people in ways they like.
Hope thatâs helpful in making your decision! Let me know if you have other questions.
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