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A few questions: 1. If customers pay a monthly subscription fee, how are workers paid? Does the customer negotiate directly with the potential hire? 2. You state your currently monthly recurring revenue is $135K. How truly...","answer":"Hey Jeff, thanks for some great questions! #1 - We are really first and foremast a software product - so the employment relationship today is very much between the worker and the employer. At least in our initial beachhead industry of retail \u0026amp; restaurants/franchises, the vast majority of workers are W-2 employees, either part-time or full-time. So they have a direct employment relationship with our customer, the employer. #2 - Many of our customers are on quarterly, semi-annual, or annual..."},{"question":"BTW - I could not find the HigherMe funding page on the Wefunder Explore page. I also searched for \"HigherMe\" and nothing.","answer":"I believe the profile is still in \"private mode\" before launching publicly, so it can only be accessed by folks with the direct link."},{"question":"People are the single most important resource. But selecting the right people is notoriously difficult. A tool that helps managers select good people has tremendous value. How does HigherMe help managers select people with the personal characteristics necessary to be efficient...","answer":"Hey Michael! We work individually with each new customer to come up with a specific set of assessments that candidates engage with as part of the application process, to better identify who's likely to be a fit. We also let candidates record a short video cover letter so that employers can get a better sense for the candidate's personality - having a bright, cheerful personality is hugely important in these industries. For larger clients, we can also actually do an exhaustive deep dive on his..."},{"question":"Hi, Interesting offering for sure. I see the mention of future state including machine learning / AI - what are you thinking there? I ask in part because machine learning requires a massive data set for the best results, and in another question you mention that the qualificati...","answer":"Todd, great question - I have a bit of a background in data science myself, so I appreciate the question. This industry, to me, is one big data science problem - but it's the perfect industry for it because of the size of the data set. To give you a sense - our biggest client, a national brand that you've heard of, hires 8,000 people for *one job title* every year, and receives over 100,000+ job applications for that role annually - it's not like the white collar world where hiring is more ad..."},{"question":"Your idea sounds great but as with many other startup cash burn is huge risk. Your SEC doc showed cash at $376k (down from $631k previous year) and net loss of $1 million. 1. What is your monthly cash burn? When do you project to achieve neutral/positive cash flow? 2. Are you ...","answer":"Hi Joo, Great questions - I'm glad you asked. We have been fanatical about managing cash in this company. I'm not sure if you're familiar with Paul Graham, the founder of YC, but he wrote a great article called \"Default Alive or Default Dead\" that talks at length about managing cash \u0026amp; burn - http://www.paulgraham.com/aord.html - we very much follow this mantra in deciding where to spend money. As a recurring revenue business, the vast majority of our costs come upfront, before we acquire ..."}],"recent_posts":[],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-07-10T10:25:35Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-07-10T05:00:13Z","as_of":"2026-07-10T10:25:35Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-07-10T05:00:13Z","as_of":"2026-07-10T10:25:35Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-07-10T10:25:35Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-07-10T10:25:35Z","confidence":"medium"}}}}}}