Alex RaineyAlex is an experienced CTO and founder who largely focuses on all the technical areas of My AskAI, from AI Engineering, Technical Product Management and overall Platform Development.
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Jul 15, 2024 11:44 AM
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May 13, 2024
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why-revenue-per-employee-is-the-ultimate-startup-success-metric
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I'm convinced that revenue per employee will become the biggest flex for a successful startup.
- Investment raised 👎
- Vanity metric — proves you're good at fundraising
- Users 👎
- Vanity metric — no gauge of usage, retention, or monetisation
- Revenue 😐
- Better — but can be pumped up with inefficient sales people or paid marketing
OR
- Revenue per employee 🙌
- Shows your leanness, that you're monetising efficiently, and prepped to expand profitability
AI is a perfect tool for companies to improve their revenue per employee.
- Not by replacing jobs with AI.
- But by replacing tasks — like 1st-line customer support — with AI.
The time saved can be routed towards more valuable tasks, like customer retention or sales.
Written by
Alex Rainey
Alex is an experienced CTO and founder who largely focuses on all the technical areas of My AskAI, from AI Engineering, Technical Product Management and overall Platform Development.
