Hopin was the most exciting startup on the block during the pandemic. It had a trajectory that put it on course with the biggest startups in the world.
This month it laid off 29% of its workforce after 12% in February. 😟
What went wrong?
Model assumptions made during Covid did not apply once we returned to normal. Once the lockdown ended, revenue growth slowed and the business struggled to manage costs.
Quantico takeaway
The lesson here is that models are sensitive to assumptions. Assumptions represent a best estimate at a point in time.
Once the information changes, you should re-evaluate your estimates and update assumptions to build a better model.
One of the FinOps principles is always be iterating and this applies to your models.
We’re always here to talk through the best modelling solutions and automation for reporting. If you want to discuss this further please get in touch.
