Personio: He built one of Europe's most valuable start-ups in his 20s
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- Опубликовано: 11 сен 2024
- HR software start-up Personio is worth more than $6.3 billion, which is quite a feat for company that was only founded in 2015. CEO Hanno Renner talked to CNBC about his journey, from building Personio's first software product with his three co-founders as college students in Munich, Germany, to heading up a multi-billion dollar business with offices in five countries. Renner also discussed what lessons he was able to take from working part-time as a yacht skipper, while he was college student, into his current role as a CEO.
#CNBC #MakeIt #HR
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Type of company even workers don't know what it does.
hahahaha thats what I thought too!
Seems like a skill issue on your side
To all complaining about this isn't an innovative product and products like this already exist don't really know about how shit the user experience of HR enterprise software are. Typically companies don't like investing a lot of money on these department and they see less progress/innovation as result. Making a product is not always about coming up with something that didn't exist before. It's about solving problems in existing solutions. And that's how many successful companies are built.
Startup: our revenue doubled in 2022.
2021 revenue : Psst! £5
I am German and I have heard of that start up for the first time
is in bayern kein wunder 😅🤣
if this company is founded on 2015, the company i was working for used this from 2017, that’s how i knew about it, but i guess it is more popular among the smaller enterprises or other start ups, especially in Berlin :)
Ja, ist ein kleiner Kreis an Personen die sowas benötigen aber jedes Unternehmen hat mindestens eine person die sowas braucht.
FLAMENGO TV RUclips
Nur weil du Deutscher bist solltest du jede einzelne deutsche Firma kennen? wtf
Valuation is just the big investors money pumped in to hyper inflate the value of a startup and then once offering is realised the rest is history and the early investors get to see crazy returns on their money.
The H is strong with this one.
still not clear what the company does...
They manage HR system of a company', for example hiring process, payslips, Interview tracking,
@@manin4568 for small business though. fortune 500 hr processes are too complex for such a basic software…
India has OYO startup valuation - $10 billion But people don't talk about it even OYO founder is in 20's
OYO is a scam like many others startups who claims to save the world 😂
@@cesao__ wtf do u mean ....they never said they r saving the world ..its an accomodation service ... so idk wtf r u saying
@@cesao__ Oyo is like an airbnb for every motel/hotel chains. How is this a scam, it delivers technology to fully booked vacant units. But Oyo got bigger and bigger, only times will tell if they're doing it right or implode this company back to India.
@@thelegendzz550 OYO is over valued company and it is going through a difficult period right now and are pulling out of many of their portfolios
@@petrichor259 most businesses are going through a rough period during this pandemic ....and stating that some startup is overvalued doesnt make u look cool
Uhh can somebody tell me what this company do?
They are growing. That's what they do hahah
its a software where you can enter the hours you have worked, see how much vacation you have left, upload your sick leave etc.
money landrer go brrrrr
@Berlian Agusta brrrrr brrrrr brrrrrrrrrrrrr
6 years later after founding, not profitable yet?! VC bubble is a mess. Much rather a cleaning business that's profitable in 3 months.
U dont understand how tech companies work do you?
Growing at a fast pace is the most important goal. They are investing all the revenue into expanding and it takes more than 6 years to do that. Spotify isn't profitable, snapchat neither. That's how the tech business works.
I don’t think profitability is the issue, but 5000 customers with 6B valuation? Crazy!
@@ioanasurdubob7121 The market value reflects the expected profit potential in the future and not the status quo. That's why Tesla is worth more than all other car companies combined while only selling 500k cars (5% of Toyota or VW sales).
So Personio is just like many other HR systems like Gusto in the US
Exactly, something doesn't add up.
There are a lot of similar systems everywhere in the world
@@kmuree5731 oh it does. marketing, fancy UI and something that feels new. always works.
I tried to look up the company. I couldn't figure out what it does whatsoever. It doesn't seem like a legitimate company that provides clear value, at least at the moment.
Its quite clear what they do, just open their website.
i ll give them 5 years before it disappears just like others that have been introduced by this CNBC channel.
Start out really promising, gathering lots of attention, then go bankrupt and quietly exit.
@@hoangle2483 many of today's startups exist only to go public and make a cash out for early investors. It's like a game of hot potato - who will be left with it in the end
@@hoangle2483 That's the way!
It literally says what they do on their website - People workflow automation. Their software makes HR jobs easier. Just because you don't understand what HR means and what HR does, doesn't mean they aren't a legitimate company
Europe has surprising small compared to Asia and America when it comes start ups
You cannot be borderline socialist and expect entrepreneurship to grow and excel at the same time. Even a dictatorship like China has understood that and for so many decades allowed businesses to flourish unhindered.
@@a-woke5283 lol China is not more business friendly then Europe it’s just culture is different that’s all
The problem is that there isn't enough venture capital in europe, but its changing right now. Europe has a lot of catching up to do but it'll get there sooner than later. There are enough young and highly skilled people in Germany/Europe. As soon as money flows, innovative technology will come.
@@zakariamattu8613 yes, its sad, but china is more capitalist economy wise than most of europe and the Us.
Why?
They ignore patents, (which are anti capitalist by definition) ans have way less regulations on nearly all sectors of the economy.
What is exactly your product?
Emmm ... Look how fast we are growing!
Is Europe lagging behind in the Startup scene?
Yeah, sadly
What about workday?
Workday is targeting bigger companys. Personio is focussing on startups to sell them software for a few thousand $ a year. Workday is making like 300 times the revenue that personio does.
Brilliant startup
Wow what an inspiring video...oops i fell asleep
He is a really brilliant man.
He doesn't sound like it.
@@saleh6272 hahaha
im german and ive never heard of it before
Nur weil du Deutscher bist solltest du jede einzelne deutsche Firma kennen? wtf
@@pb.j.1753 hör auf es überall zu kommentieren, wie cringe kann man sein?
Es ist angeblich 6 Mrd. wert, Natürlich sollte man dann schonmal davon gehört haben. Bin in der Finanzbranche tätig und hab von dem Schmutz Startup auch noch nie was gehört
SaaS, businesses makes millions due the covid19 and the rate of internet penetration's lately.
Oh wow it’s workday. Man no one has ever thought of this! I’m sure he is a brilliant guy!
I did not realize SAP had software subscriptions for HCRM for employers of 10 people - interesting
Saas is eating the world
Make one about HelloFresh, also a young startup from Germany.
I didn't quite catch, was he a programmer?
i doubt it. I think he is just the face of the company. We don't see the people doing the actual work.
I study at the same university he did. What he studied is called „technology and management oriented econ“. They actually have to learn how to program in contrast to classic econ students, but they’re programming skills are limited. I believe in the beginning he actually also programmed a little bit himself but the bulk was probably done by some of the computer science guys of our university (TUM).
Yea, I worked at Personio and Arseniy (CTO, the small guy with the funny hair in some picture at the start) did much of the programming. Hanno was responsible for sales and investor relations etc.
Fantastic!!
Why is this a video?
What a chad!
Maine tumhe kahin dekha h...
Beautiful woman.
How will this software get access to relatives data from the person hired? what if an Employee Performance is hampered by a relative of unwanted concurrent connections!!
You introduce a workplace mental health app, just before you show them door. In the words of Hubspot, graduations day.
Tall, white, and good looking with a head full of hair will open a lot of doors for you
Is there vacancy,I am software engineer,I have 7 year experience
6x Unicorn Status. Wow
Hanno is so handsome! He is a catch, even without the money! Like woooooow!
Damn girl
Get a room
@@edyraper You’re cute too
@@schnioula 😂😂
@@Anonymous-vo8ks You’re cute, too! Everybody cute 🥰
@@schnioula can’t see your face but I guess you’re cute too :-)
Amy Adams doppelganger
not all Gora look alike
👏🏾👏🏾👏🏾👏🏾
Next wirecard welcome
An HR software company whose recruitment process is broken af, HRs will schedule calls and never show up🤷♂️
Never heard of it and I'm German hahah
I guess Europe is far behind in making techno products.
Europe is the leader in producing nice techno 😏🎼
@@oldNev3r that's not true
@@amannai4114 I was referring to techno the music style 😏
@@oldNev3r okay
They have no profit ? They are using there revenue in new projects. Because no one can have 1000 employees and not profit.
ecHaaRe software
Why does she pronounce HR like this
Editing is pretty shoddy at times
El recibio mucha ayuda por ser hombre,blanco,joven y aleman. A una mujer mexicana como yo, es muy dificil que te escuchen, aunque tengas buenas ideas.
Y con esa actitud menos
que comentario tan mediocre
Pamela Valdez, fundadora de Beek se rie de ti.
!Remind me in 1 year when this startup is being investigated for cooking their books
I want to build a small rocket to fly into space. I need a team of engineers.
I watched 6 minutes and I still don't know anything about the country
So a guy who never worked for anyone is going to tell me howmuch i should pay my emplyees? Sureeee
Because of this kind of apps I can’t get a job for almost 2 months.
When my life is controlled by this app for recruitment they make my life miserable.
Mediocre software. Very much over valued. Can't see them making up for their valuation without selling data or some shady stuff.
You have evidence to back up that claim?
Why mediocre?
@@dudeler1468 just look at the features they provide. Behind all the jargon it's all but an HRIS with features similar to other products in this category, like Zoho People or Monday. Nothing new here, hence the 6.3 billion valuation is just a fad, definitely not realistic. But that's just how it is. Today's tech scene is all just a bunch of overvalued startups!
Now Startups is a new age scam
Ponzi schemes.
How else you gonna grow a big useful company other than being a startup?
@@iGhostr Like we used to do back in the days, where cheap inflated money wasn't there. You grow a company slowly over a long time, being profitable most of the years.
super overrated company. bad software
I find it overrated
😂🤣🤣😂😂
Seems like an over-inflated hunk of junk. We're due another crash
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